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Thread: Insurers Profit From Health Law They Fought

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    Re: Insurers Profit From Health Law They Fought

    According to the NPR program I am currently listening to, the healthcare industry is also leading the job growth numbers over the past year.
    (avatar by Thomas Nast)

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    Re: Insurers Profit From Health Law They Fought

    Quote Originally Posted by Krhazy View Post
    According to the NPR program I am currently listening to, the healthcare industry is also leading the job growth numbers over the past year.
    They are getting additional bodies for the paperwork.

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    Re: Insurers Profit From Health Law They Fought

    Quote Originally Posted by Harry Guerrilla View Post
    SSD is about medical expenses for a lot of people.
    If you get MS, cancer, etc and it's expected to last at least 12 months, you can get SSD or SSI.

    SSD is not for people who live in poverty, it's for people who have paid the required amount of credits and have a qualified disability for at least 12 months.

    A lot (and I mean a lot of people) with inborn disabilities are on SSI, not because they can't work, but because they can't get any reasonable medical coverage.
    I have someone like this in my family, where the sole reason they are on SSI is because of their medical coverage needs, that no regular insurance could provide for.
    This is a legitimate issue regarding government coverage, they should cover disabled people, regardless of how many credits they've earned and regardless of their income level.
    Why should they cover them? I mean this in all sincerity, what is the justification for taking money and resources from others and giving it those with "disabilities"?
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Insurers Profit From Health Law They Fought

    Quote Originally Posted by MrVicchio View Post
    Why should they cover them? I mean this in all sincerity, what is the justification for taking money and resources from others and giving it those with "disabilities"?
    It's not about giving them money, it's about making sure they have treatment for their medical needs.
    In fact, I'm in favor of eliminating the check part of disability and just sticking with medical care.

    A lot of disabled folks can still work, they just choose not to because they qualify.
    In a practical sense though, I don't believe government should bail out bad behavior, but in cases of faults of nature, disabled folks are the real lesser among us.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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    Re: Insurers Profit From Health Law They Fought

    Quote Originally Posted by winston53660 View Post
    Insurance companies spent millions of dollars trying to defeat the U.S. health-care overhaul, saying it would raise costs and disrupt coverage. Instead, profit margins at the companies widened to levels not seen since before the recession, a Bloomberg Government study shows.

    Insurers led by WellPoint Inc. (WLP), the biggest by membership, recorded their highest combined quarterly net income of the past decade after the law was signed in 2010, said Peter Gosselin, the study author and senior health-care analyst for Bloomberg Government. The Standard & Poor’s 500 Managed Health-Care Index rose 36 percent in the period, four times more than the S&P 500.
    The law doesn't take effect until 2014.
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    Re: Insurers Profit From Health Law They Fought

    It doesn't apply in full untill 2014.
    Some parts have already taken effect and are having an effect.

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    Re: Insurers Profit From Health Law They Fought

    Quote Originally Posted by Stewart View Post
    It doesn't apply in full untill 2014.
    Some parts have already taken effect and are having an effect.
    Not the parts which would drive insurers' revenues.
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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    Re: Insurers Profit From Health Law They Fought

    Quote Originally Posted by Harshaw View Post
    Not the parts which would drive insurers' revenues.
    Correct, and of course this is not a new thing. The health care industry has been expanding for decades, and costs have been rising at double the rate of inflation.

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    Re: Insurers Profit From Health Law They Fought

    Quote Originally Posted by winston53660 View Post
    Insurance companies spent millions of dollars trying to defeat the U.S. health-care overhaul, saying it would raise costs and disrupt coverage. Instead, profit margins at the companies widened to levels not seen since before the recession, a Bloomberg Government study shows.

    Insurers led by WellPoint Inc. (WLP), the biggest by membership, recorded their highest combined quarterly net income of the past decade after the law was signed in 2010, said Peter Gosselin, the study author and senior health-care analyst for Bloomberg Government. The Standard & Poor’s 500 Managed Health-Care Index rose 36 percent in the period, four times more than the S&P 500.
    “The industry that was the loudest, most persistent critic of this law, the industry whose analysts and executives predicted it would suffer immensely because of the law, has thrived,” Gosselin said. “There is a shift to government work under way that is going to represent a fundamental change in their business model.”
    Health insurers contributed $86.2 million to the U.S. Chamber of Commerce to oppose the law after Obama administration officials criticized the plans for enriching themselves by raising customer premiums. America’s Health Insurance Plans, the industry’s Washington lobbyist, still says on its website the law will raise costs and cause consumers to lose coverage.

    Insurers Profit From Health Law They Fought - Bloomberg


    Seems like these guys might have wasted 86 million bucks.
    This shouldn't surprise anyone. Insurance loves it when government tells everyone they have to buy insurance.

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    Re: Insurers Profit From Health Law They Fought

    Quote Originally Posted by AdamT View Post
    They succeeded in killing the public option, so for them it was money well spent.
    Quote Originally Posted by Frolicking Dinosaurs View Post
    The insurers won - they fought a public option because that would have forced them to bring down costs by streamlining overhead and lowering profits to stay competitive.
    Quote Originally Posted by Helix View Post
    considering how much they lobbied to kill the public option, the article should have been titled "Insurers profit from health law they bought."
    Quote Originally Posted by teamosil View Post
    Yeah, the sad reality is that the insurance companies/tea party managed to kill the parts of the plan designed to keep costs/profit taking down.
    Quote Originally Posted by teamosil View Post
    So you think the insurance company/tea party hysteria had no impact? Why do you think they did it?
    Why couldn't Obama have vetoed PPACA then? Why didn't he?

    No one here is denying the OP. So Obama willingly signed into law this legislation that worsens the problem. And you all are okay with that?
    Last edited by Neomalthusian; 01-09-12 at 12:01 AM.

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