Re: Healthcare Reform
Posted by Thomas Paine on 4/02/10
Whether you choose to believe it or not, the facts are the facts. Insurance companies are
highly regulated. Their financial data is public domain. Simply seek and ye shall find.
On 4/02/10, johncodie wrote:
> Any Company would be foolish to be satisfied with a 3&37; margin; In the long run a
> business would be going out of business. Our company that serves the war effort
> supplying much needed defensive parts was able to post a 17&37; while wall street was
> down the drain. I laugh at the idea management would be content with a 3&37; for the
> year. And yes it is good Friday, and we are still pushing out the parts. Our customer,
> your son, husbands, wifes and daughters need the parts to sleep at night. Would you
> prefer they depend upon a 3&37; motivation factor in ensuring first time everytime? Not
> like the your in good hands? 3&37; is a damn lie!
> On 4/01/10, Sharon wrote:
>> Not be obtuse, intentional or otherwise. Of course I searched the net to find a
>> legitimate source as reference for the 3 percent insurance profit mantra. I could not
>> find one.
>> Below is what I found as best from a statistical and numerical standpoint. Says
>> insurers parent companies are raking in record profits, Feb 2010.
>> Perhaps you not realizing ALL the areas of your life and our economy as a whole that
>> are greatly influenced by the influence of the insurance industry.
>> Read today that they are going to be jumping strong into the multi-tenant housing
>> lending game, now that Fannie and Freddie are flat.
>> Again, I looked. I can find no legitimate source reference for that 3 percent profit
>> figure. Just alot of regergitating of Faux News. Look it up yourself if you do not
>> believe me. Let me know what you find.
>> On 4/01/10, Thomas Paine wrote:
>>> There are several Constitutional challenges to the health reform law. There are a
>>> few brave and patriotic state Attorneys General who are launching a challenge.
>>> Others seem more concerned with politics than their fiduciary duties to the state.
>>> Hopefully, these cowards will be identified and voted out of office or fired as the
>>> case may be - that includes Eric Holder.
>>> The State Attorney General is our last line of defense from a runaway Federal
>>> government who seems intent on trampling State Rights and the rights of citizens. In
>>> one year, this administration has buried deeper the Constitution than the last five
>>> administrations combined.
>>> I am hopeful one day we can elect a true Libertarian to restore the Republic for
>>> these are most assuredly dark, oppressive times.
>>> Thomas Paine
>>> On 4/01/10, johncodie wrote:
>>>> 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&37; surely
>>>> 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&37; in a given year. Even in the Katrina payouts everyone
>>>> making a profit.
>>>> I can appreciate the 3&37; 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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