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    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:
    > Thomas,
    > 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?
    > Sharon

    Posts on this thread, including this one

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