First the Oil Companies, now insurance companies

[The Rev]

Now the Liberals are out to destroy the insurance companies. They can't pass their Obamma Care crap, so they are intent on destroying capitalism, by controlling the insurance companies. When are these idiots going to be held responsible for destroying our country. I say IMPEACH them all, and now!

What you want to bet that soon they soon they will be regulating how an insurance company does business. They will do their best to bring down all insurance companies so they have one government insurance program. Just watch this bunch in Washington, they are out of control!





Senate Majority Leader Harry Reid (D-Nev.) (AP Photo)
(CNSNews.com) – Senate Majority Leader Harry Reid (D-Nev.) on Thursday said the American public should not cry over how health care reform might affect the health insurance industry.

“I don’t think we should be crying great big tears about the insurance industry,” Reid said at a Capitol Hill press conference when asked whether insurance companies should be allowed to charge higher premiums for people with preexisting conditions.

“There is no business in America that makes more money than the insurance industry--over the last 10 years their profits have been increased by 450 percent,” Reid said. “So I’m not really in very much of a mood to worry about the insurance industry.”

The health insurance industry is so wealthy because it is exempt from anti-trust laws, Reid said: “The insurance industry, my friends, is the only industry other than baseball that is exempt from the anti-trust act, and that’s the reason they have 450 percent profit over the last ten years.”

[Fieldmouse]

I heard this yesterday. What a bunch of crap. Healthinsurance companies on make 1 to 4% profit. What a crock of poo poo

[The Rev]

Originally Posted by Fieldmouse

I heard this yesterday. What a bunch of crap. Healthinsurance companies on make 1 to 4% profit. What a crock of poo poo

Right, Lots of poo poo... but it's not about the insurance companies, it's about putting them out of business so that we have to rely on the goberment. It's all part of Obammys plan to redistribute wealth.

[Alsatian]

For the mathematically challenged, a profit increase of 450 percent over 10 years corresponds to a 16% annual profit increase. Thus, if you earned $10 profit in 1998, a 450 percent increase would be realized if you earned $45 of profits in 2008. You could get there by increasing the profit each year by 16%.

Is a 16% annual growth in profits a BAD thing? Is profit a BAD thing? Is growth a BAD thing? It sounds like more socialism from the Democrats. Any honestly successful business is only contributing value to the extent that the government can compel it to hire workers according to the government's mandates, manage them according to the government's mandates, and to the extent the government can confiscate their profits. Crap.

[James B]

I suppose trhat after lawyers, insurance companies have about the worse reputation. Easy target for Reed to go after.

You are right though, if they destroy the insurance companies, that opens the door wide open to the Federal Government.

[Lemaitre]

Physicians spend many grueling years in training and incur huge amounts of debt only to see insurance companies reap the financial rewards that should be going to our medical practices. We take care of the patients while the insurance companies suck billions of dollars a year out of the health care system while producing nothing of value in return.

[Fieldmouse]

while producing nothing of value in return.

Really when close to 80% love their healthcare insurance, is there really nothing of value in return? Were told folks without healthcare insurance aren't that happy.

[Rickmur]

Wasn't AIG one of the takers on the bailout.

[vc1111]

Physicians spend many grueling years in training and incur huge amounts of debt only to see insurance companies reap the financial rewards that should be going to our medical practices. We take care of the patients while the insurance companies suck billions of dollars a year out of the health care system while producing nothing of value in return.

Ahhhh, I love this one. Don't you have just a perfectly arrogant attitude? So what if you spent many years in training and incur large amount of debt? It is a choice you made and presumably you had the brains to go into it with both eyes open.

Never mind that even the least among you has the chance to spend the rest of his born days pulling down a nice six-figure income. Some who've incurred even more "debt" and are in the right corners of your business have a good shot at a seven figure income as I understand it. Now I think you guys are worth what you are paid for the most part, but do you really think we're supposed to feel sorry for you guys? That if only ALL the profits could be shoveled your way, the world would be as it should be?

As to what the insurance system provides you...where do you get off presuming that the pooling of risk, and the management of most of your payments should be done for nothing; that all profits generated in the entire process of healing and paying for that healing should be shoved into your pockets? Do you have any idea how greedy that sounds? By your reasoning the nurses around you should work for nothing also. After all, you are the one doing the healing, right? All they do is assist in the process....ALL that money should be yours, right?

If anything many of those within your numbers have a long history of leveraging profits from all facets of the business of healing. For example, I remember reading a study from the 80's which showed that physicians with x-ray equipment in their offices ordered something like six times as many x-rays as a physician without that equipment in his or her office. Gee, I wonder how one can reconcile those differences, eh?If y ou think that the average American is going to give anyone in medicine a pass when it comes to the ever-increasing costs, you're dreaming.

If it were not for the insurance process in America, you'd most likely either spend a lot of cash on collection agencies, or you'd be swapping office visits for chickens. It is the system in place now that gives most of you the shot at a life of opulence that most Americans will never know. Oh but if you could only have it all, eh?

Welcome to the forum, Doc.

[The Rev]

Everyone loves to put down the insurance companies and their profits, but get cancer and see how much you love your insurance company.. I lost my wife to cancer in Sept 2000. I buried her on my 30th anniversary, she had cancer only a year but the bills were in excess of a half a million dollars in surgery's, treatments and meds. I was out a total of 500.00 in deductibles. She had the best care, but lost her fight. I'm going through some medical problems and see a doctor on a regular basis, I can't even imagine to think of what I'd do without insurance. I don't want Obama care, I can get treatment at the V.A. but I refuse, been there done that, that's why I PRAY the government stays out of health care.
People like to yell at the insurance companies until they have a catastrophic disease..
They are in the business of making money, so they can lose on situations like mine.