Re: Healthcare Reform
Posted by johncodie on 4/01/10
Now that the United States is the business of Insurance rather than the States
having the rights to regulate the insurance industry; there is a Constitutional
Amendment that Limits the Size and/power of the government. That would be our
preamble Bill of Rights. Insuance got around federal law when it was deemed as
not having a monetary value, as a good that has value. There are State laws, and
now federal laws on the interest rates, as there are regulator State laws as
amounts that can be charged by franchises that don't have to compete.
"Tort" reform was a need to stave off the litigation hell holes here in
Mississippi as soon to be billon dollar judgements would be rendered. Many if not
all wonderful doctors where on their way to respectful states.
Now I can understand any company wanting to ensure a "profit" and 3% surely would
tied over a worker going into retirement if it would contine in interst payments.
My brother in law is making millons selling policies. I would say the range is
more in the line of 25% in a given year. Even in the Katrina payouts everyone was
making a profit.
I can appreciate the 3% typical ploy but it doesn't make it for me. I did get
approached from a former XYZ sales person trying to get gas money, ride another
100 miles down the road to be with his former wife. He was from the presidents
town and I guess he got cut like alot of others. He told me what a standup
citizen he was down on his luck, and how he sold this top brand of insurance that
left me and my kids on the steps of bankrupcy for a few years. Should I say I
reached in my pocket and couldn't even pull out a dime. When were down on our
luck it just pours doesn't it.
On 4/01/10, Sharon wrote:
> Alot of common sense in what you say. But, I question your original premise.
> Where are the statistics that support the proposition the insurance industry's
> profits are only around 3&37;? Keep in mind that Big health insurance companies
> also property insurers, E & O insurers, etc, in most instances.
> This 3&37; premise. The only friends of mine that quote that mantra are those
> watch Faux News. Do you know where this concept originated or where one can
> legitimate documentation to back up that proposition?
> Not saying you are wrong. Just saying I can find nothing as a legitimate source
> of reference for the insurance industry 3&37;, Republican buzz words mantra.
> And, do you feel it is reforming the tort system for the US Chamber & Manhattan
> Institute to list false physician authorship - on documents that are submitted
> courts to stave off financial liability for illness and injury?
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