Passing this along................

[fatdaddycool]

From the Lund report;
Excessive Profits



Combined profits for UnitedHealth Group Inc., WellPoint Inc., Aetna Inc., Cigna Corp. and Humana Inc., which cover one-third of the U.S. population, surged 13.5 percent to $3.4 billion in the second quarter. If the trend holds, the five companies will take a record $14 billion in profits in 2011.

Through the economic recession and its aftermath from 2008 to 2010, combined profits for the five companies increased 51 percent. In 2010, profits grew 17 percent, excluding a one-time $2.2 billion gain from the 2009 sale of a WellPoint subsidiary.

The insurance industry claims to have a low average profit margin of 4.4 percent, but so far in 2011, Aetna has reported a health care profit margin of 11 percent, Cigna 7.4 percent, WellPoint 7.8 percent and UnitedHealth 7.7 percent.

Insurers defend their increasing wealth by saying their profits represent less than one penny of every dollar of national health spending, but that is deceptive. One penny of every healthcare dollar amounts to $347 billion over the 10 years ending in 2019, according to government projections.

Here is some more reading for you.
http://www.deseretnews.com/article/705396894/Health-insurance-companies-profits-increase-after-affordable-care-act.html?pg=all

Now go sell your bullshit somewhere else.

 

[Penguinfan]

What would you like their profit margin to be? I'm curious. What do you think the profit margin for any successful company should be?

I'm all for companies being successful, it creates research, better products and ultimately, JOBS. The Dems would prefer there were zero jobs, that way everyone would be on board with BHO's public policy's.

How even the strongest supporters of the president can't call him a socialist I have no idea.

 

[bleedingpurple]

He was just disputing mags. It's a good question? What should their profit margin be? Hearth insurance companies are different from your general compact cause they drive up health care costs without making a profit and attempt to screw you all the while. It's a dog eat dog world and these companies are costing us tons

 

[ChrryBlstr]

How even the strongest supporters of the president can't call him a socialist I have no idea.

Socialists don't tend to favour big business. Period.

Peace!

 

[hedgehog]

From the Lund report;
Excessive Profits



Combined profits for UnitedHealth Group Inc., WellPoint Inc., Aetna Inc., Cigna Corp. and Humana Inc., which cover one-third of the U.S. population, surged 13.5 percent to $3.4 billion in the second quarter. If the trend holds, the five companies will take a record $14 billion in profits in 2011.

Through the economic recession and its aftermath from 2008 to 2010, combined profits for the five companies increased 51 percent. In 2010, profits grew 17 percent, excluding a one-time $2.2 billion gain from the 2009 sale of a WellPoint subsidiary.

The insurance industry claims to have a low average profit margin of 4.4 percent, but so far in 2011, Aetna has reported a health care profit margin of 11 percent, Cigna 7.4 percent, WellPoint 7.8 percent and UnitedHealth 7.7 percent.

Insurers defend their increasing wealth by saying their profits represent less than one penny of every dollar of national health spending, but that is deceptive. One penny of every healthcare dollar amounts to $347 billion over the 10 years ending in 2019, according to government projections.

Here is some more reading for you.
http://www.deseretnews.com/article/705396894/Health-insurance-companies-profits-increase-after-affordable-care-act.html?pg=all

Now go sell your bullshit somewhere else.

What is a fair profit margin? Do tell.

 

[fatdaddycool]

PF,
You know what man, I don't have a problem with profit. I have a problem with misrepresenting it. I would have much less of a problem with insurance companies turning a profit if I knew that they all were serving the needs of every citizen. Not denying coverage for pre-existing conditions and all that. If the insurance industry wasn't one of the largest spenders on lobbyists, I wouldn't question a 4.4% profit, but that isn't the case.
As far as the President being a socialist, well that is ridiculous, but a popular statement among the right. Any governed society is going to have Democratic socialistic programs. Social security, Medicare and Medicaid, and the NFL all operate as such. The NFL takes money from large market teams and give it to small market teams. I hardly think that makes football fans socialists.

 

[Penguinfan]

As far as the President being a socialist, well that is ridiculous, but a popular statement among the right. Any governed society is going to have Democratic socialistic programs. Social security, Medicare and Medicaid, and the NFL all operate as such. The NFL takes money from large market teams and give it to small market teams. I hardly think that makes football fans socialists.

Is the president taking from the haves to give to the have not's against their will? Seems like that has to at least be a mile marker on the way to socialism.

The NFL example doesn't fly. Nobody forces anyone to spend money on the NFL. The ownership groups have AGREED to the system the way it is. I am being forced to live with the ACA and I agreed to none of it.

I think that is a pretty big difference.

 

[bleedingpurple]

Is the president taking from the haves to give to the have not's against their will? Seems like that has to at least be a mile marker on the way to socialism. The NFL example doesn't fly. Nobody forces anyone to spend money on the NFL. The ownership groups have AGREED to the system the way it is. I am being forced to live with the ACA and I agreed to none of it. I think that is a pretty big difference.

Well did all owners agree to it? I would think the country agreed to it by voting him back in.

 

[hedgehog]

Well did all owners agree to it? I would think the country agreed to it by voting him back in.

The election was rigged, he won by fraud, IMO

 

[fatdaddycool]

Is the president taking from the haves to give to the have not's against their will? Seems like that has to at least be a mile marker on the way to socialism.

The NFL example doesn't fly. Nobody forces anyone to spend money on the NFL. The ownership groups have AGREED to the system the way it is. I am being forced to live with the ACA and I agreed to none of it.

I think that is a pretty big difference.

yes it does fly. Cash rich teams in large markets have to share their revenue with small market cash poor teams. This is exactly why you see teams like the Steelers and Packers winning SB's while in baseball for example, it's the Yankees and everyone else. Also, all owners did not agree to it. It was put in place years ago and was installed based on a majority vote and a players union contract. As far as everyone else being forced to spend money on the nfl, you are correct. However, the person that can afford an array of say, Steelers jerseys, has invariably given some of their money to Seattle and Kansas City. Just sayin, that's just the simple fact. I am not trying to sell you on socialism, I am just trying to show you how carelessly the word in thrown around. Especially when it comes to the President. It's a popular buzz word among Conservatives but it really is a ridiculous and frivolous charge. Nobody is forced to work harder with a gun at their back for a bowl of rice a day. Slave for soldiers till you starve, then your head is skewered on a stake.
President Obama does not pass any legislature on his own either.

 

[Penguinfan]

This is exactly why you see teams like the Steelers and Packers winning SB's while in baseball for example, it's the Yankees and everyone else. .

Steelers are 0-4 and the Pirates are in the playoffs while the Yankees are not.

:toast:


In any event, what do you say to guys like me who will pay more in healthcare costs next year for less coverage because of the ACA (and yes it is because of the ACA)? Just bend over and take it because it's what 's best for everyone?

As much as you accuse the right of making up the socialism thing I think the left is equally to blame when denying healthcare costs are rising because of Obamacare. It's ridiculous really.

 

[RAYMOND]

bottom line hope and change has fail big time!!
things are getting worst and worst,

 

[fatdaddycool]

Steelers are 0-4 and the Pirates are in the playoffs while the Yankees are not.

:toast:


In any event, what do you say to guys like me who will pay more in healthcare costs next year for less coverage because of the ACA (and yes it is because of the ACA)? Just bend over and take it because it's what 's best for everyone?

As much as you accuse the right of making up the socialism thing I think the left is equally to blame when denying healthcare costs are rising because of Obamacare. It's ridiculous really.

No it isn't because of the ACA. Health care costs were already ridiculously high. That is due to the high cost of pharmaceuticals, tech equipment, and the list goes on. They have always been high and have been steadily increasing for years and the ACA is certainly not responsible for all the increases seen prior to its inception. Not only that, you have yet to pay a single dime for the ACA and any cost increases or diluted coverage that you may see. Who do you think paid for the health care of those without insurance before the ACA? Well health benefits and preventative care may actually lower health care costs in the long run.
It isn't ridiculous of the left, nor are they equally to blame for anything. Do you realize how much money insurance companies spent on lobbyists on the ACA alone in the last five years? Enough to fund the ACA for five more years, that's how much, and that money came directly from your premium. Are you mad about that driving up your costs? Are you mad about Trillion dollar profits driving up your costs? Make no mistake PF, I know that for many the ACA may be a tough pill to swallow. Just like anything, it may take some time to polish the kinks out. Sometimes you have to push forward to identify and fix the issues. People in our country are always resistant to change, some even refuse to call it by it's proper name of Affordable Care Act and continue to call it Obamacare. That's fine. Everything will be okay. I am sure there were many people upset when they got their slaves taken away. People were upset at prohibition. People didn't like click it or ticket, or mandatory auto insurance. They will get over it. Hey, I had to live with Reaganafuckingnomics, the least you can do is give the ACA a few years to settle in. In a couple of years this will all be a moot point. People will still be getting rich and richer, and poor and poorer. History tends to repeat itself, it won't be the first time this country has been the last to adopt westernized civilization practices.
Keep in mind, the ACA is a Republican program. Drafted as the Heritage Foundation and adopted by Mitt Romney himself in Massachusetts, so I hardly see how the left is at fault for any of it other than to realize the need for it.

Regardless of everything I just said, I still love ya brother.............I hope the Pirates go far.:toast:

 

[fatdaddycool]

bottom line hope and change has fail big time!!
things are getting worst and worst,

No it hasn't Ray. The Dow and Nasdaq have hit high water marks under President Obama. Corporate profits are higher than ever, the deficit has been cut nearly in half. How the hell are things getting worse? Your taxes haven't gone up, you haven't been wrongly accused of a crime or your land annexed, so how the hell is everything getting worse? The GOP has the lowest approval rating in over 50 years and it's getting worse, is that what you meant? Next time don't vote in a sniveling little bitch like Boehner. It's high time to be a Democrat, I have news for you. This is the best I have ever had it.
Unless you can identify how things have gotten worst (sic) and worst (sic) I would say you are just feeling some sour grapes about the half black guy still being the sheriff in town.


Hope this helps,
FDC

 

[RAYMOND]

No it hasn't Ray. The Dow and Nasdaq have hit high water marks under President Obama. Corporate profits are higher than ever, the deficit has been cut nearly in half. How the hell are things getting worse? Your taxes haven't gone up, you haven't been wrongly accused of a crime or your land annexed, so how the hell is everything getting worse? The GOP has the lowest approval rating in over 50 years and it's getting worse, is that what you meant? Next time don't vote in a sniveling little bitch like Boehner. It's high time to be a Democrat, I have news for you. This is the best I have ever had it.
Unless you can identify how things have gotten worst (sic) and worst (sic) I would say you are just feeling some sour grapes about the half black guy still being the sheriff in town.


Hope this helps,
FDC

same as bush the rich keep getting rich :0002

 

[Penguinfan]

Your taxes haven't gone up,

I'm in a bit of a hurry this morning, but this CERTAINLY isn't true. BHO allowed payroll tax relief to expire costing us all 2% OFF THE TOP of every paycheck earlier this year.

Did taxes go up 2% during Bush's entire 8 years? I honestly don't know, but I know they went up 2% this year.

 

[ssd]

Letter from my PEO states that my premiums will go UP 83% because I am in a healthy group.

My taxes have gone UP in the past 5 years.

8 TRILLION has been added to the National Debt in 5 years.

Obama has nothing to do with the DOW being at all time highs. Please do a little research on the FED, QE1. QE2 and QE3 before you start trying to applaud the President's efforts for a high stock market.

The highs on the stock market have not sifted down to Main Street. If you actually look at employment data, the REAL numbers, you will see that part time employment has been the real gainer and real, full time jobs are losers.

Here is a link for you:
http://www.zerohedge.com/news/2013-09-06/record-905-million-out-labor-force-half-million-drop-out-one-month-labor-force-parti



and just for fun-----> (notice the date at the bottom)

 

[bleedingpurple]

No it hasn't Ray. The Dow and Nasdaq have hit high water marks under President Obama. Corporate profits are higher than ever, the deficit has been cut nearly in half. How the hell are things getting worse? Your taxes haven't gone up, you haven't been wrongly accused of a crime or your land annexed, so how the hell is everything getting worse? The GOP has the lowest approval rating in over 50 years and it's getting worse, is that what you meant? Next time don't vote in a sniveling little bitch like Boehner. It's high time to be a Democrat, I have news for you. This is the best I have ever had it. Unless you can identify how things have gotten worst (sic) and worst (sic) I would say you are just feeling some sour grapes about the half black guy still being the sheriff in town. Hope this helps, FDC

ray claims how bad it is yet can afford to post $200 -$800 worth of 10 team parlays on a weekly basis

 

[bleedingpurple]

Mags-

Are you going to respond to the profit margins and to the accusations of insurance companies driving up costs and screwing the public?

TIA

 

[fatdaddycool]

Letter from my PEO states that my premiums will go UP 83% because I am in a healthy group.

My taxes have gone UP in the past 5 years.

8 TRILLION has been added to the National Debt in 5 years.

Obama has nothing to do with the DOW being at all time highs. Please do a little research on the FED, QE1. QE2 and QE3 before you start trying to applaud the President's efforts for a high stock market.

The highs on the stock market have not sifted down to Main Street. If you actually look at employment data, the REAL numbers, you will see that part time employment has been the real gainer and real, full time jobs are losers.

Here is a link for you:
http://www.zerohedge.com/news/2013-09-06/record-905-million-out-labor-force-half-million-drop-out-one-month-labor-force-parti



and just for fun-----> (notice the date at the bottom)

And just for fun show me where I mentioned the national debt? Also, I was asking how things got worse for Ray not how you could show your ass. Next time read the post and do a little research before you jump in with both cheeks. Also, as I recall the country was in a recession when he took office and now we aren't. While I'm sure you will be happy to tell me how bad things are for youand how your premiums are going to go up more than they really will, I'm even more sure I won't care then either.

Hope that helps,
FDC