Page 2 of 18 FirstFirst 123412 ... LastLast
Results 11 to 20 of 173

Thread: FACT CHECK: Health insurer profits not so fat

  1. #11
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Yesterday @ 10:38 PM
    Gender
    Lean
    Very Conservative
    Posts
    76,520

    Re: FACT CHECK: Health insurer profits not so fat

    Quote Originally Posted by phattonez View Post
    So who's going to determine what a fair profit is?
    Libbos believe that companies should break even, or show a loss. They hate making money.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  2. #12
    Banned
    Join Date
    May 2009
    Last Seen
    12-02-09 @ 05:13 PM
    Lean
    Private
    Posts
    4,695

    Re: FACT CHECK: Health insurer profits not so fat

    So what about the profits they make off all of their investments that they have made from their policies of turning away sick people and only being willing to cover the healthy? And even then when a healthy person gets sick in many cases insurers look for ways to deny them coverage and cut off their claims.

    Are those profits included in the OP's figures?

  3. #13
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Yesterday @ 10:38 PM
    Gender
    Lean
    Very Conservative
    Posts
    76,520

    Re: FACT CHECK: Health insurer profits not so fat

    Quote Originally Posted by goldendog View Post
    So what about the profits they make off all of their investments that they have made for their policies of turning away sick people and only being willing to cover the healthy? And even then when a healthy person gets sick in many cases insurers look for way to deny them coverage cut off their claims.

    Are those profits included in the OP's figures?
    You're going to have to provide some docs to give a more complete picture of what you're talking about. I know I'm wasting my time asking, but I'm obligated to ask, just the same.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  4. #14
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Yesterday @ 08:06 PM
    Gender
    Lean
    Independent
    Posts
    16,263

    Re: FACT CHECK: Health insurer profits not so fat

    Quote Originally Posted by winston53660 View Post
    What insurance companies do with the money is invest in various vehicles via shell companies that get a return on the capital.
    This is correct. An insurance company does not take a payment stream of premiums and just put them into an interest baring account where contractual liabilities are to be drawn from.

    A rather large segment of their income/liabilities stream is swapped with another insurance companies stream as a means of "easing" their risk pool. Usually the counter party is in another geographic area (hence the interstate insurance regulations) where the likelihood of liabilities stemming from a particular incident (say a flood) are not able to effect both streams.

    Question to apdst: The larger the risk pool the ____ the individual liability.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  5. #15
    Banned
    Join Date
    May 2009
    Last Seen
    12-02-09 @ 05:13 PM
    Lean
    Private
    Posts
    4,695

    Re: FACT CHECK: Health insurer profits not so fat

    Quote Originally Posted by apdst View Post
    You're going to have to provide some docs to give a more complete picture of what you're talking about. I know I'm wasting my time asking, but I'm obligated to ask, just the same.
    So all I have to do is prove that Insurance companies are good at hiding excess profit?

  6. #16
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Yesterday @ 08:06 PM
    Gender
    Lean
    Independent
    Posts
    16,263

    Re: FACT CHECK: Health insurer profits not so fat

    Quote Originally Posted by goldendog View Post
    So all I have to do is prove that Insurance companies are good at hiding excess profit?
    An insurance companies profit is only as good as their ability to hedge against risk.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  7. #17
    Traditionalist
    phattonez's Avatar
    Join Date
    Jun 2009
    Location
    Los Angeles, CA
    Last Seen
    12-05-17 @ 03:45 PM
    Gender
    Lean
    Other
    Posts
    20,072

    Re: FACT CHECK: Health insurer profits not so fat

    Quote Originally Posted by goldendog View Post
    So what about the profits they make off all of their investments that they have made from their policies of turning away sick people and only being willing to cover the healthy?
    Blame people who don't want to get pooled with the sick. If you make an agreement about pooling your risks, do you want to pool risks with someone who has had melanoma 3 times?

    And even then when a healthy person gets sick in many cases insurers look for ways to deny them coverage and cut off their claims.
    Well if they're denied unreasonably then it's fraud and it should be prosecuted.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  8. #18
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Yesterday @ 10:38 PM
    Gender
    Lean
    Very Conservative
    Posts
    76,520

    Re: FACT CHECK: Health insurer profits not so fat

    Quote Originally Posted by goldendog View Post
    So all I have to do is prove that Insurance companies are good at hiding excess profit?
    Yeah, otherwise, it's a lie. Sorry.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  9. #19
    Banned
    Join Date
    May 2009
    Last Seen
    12-02-09 @ 05:13 PM
    Lean
    Private
    Posts
    4,695

    Re: FACT CHECK: Health insurer profits not so fat

    Quote Originally Posted by apdst View Post
    Yeah, otherwise, it's a lie. Sorry.
    http://www.justice.org/resources/Med...er_Profits.pdf

    Go to this website...look in the table of contents and you will find a section titled "Disguising Profits" read that then read the conclusion of the document.

  10. #20
    Stigmatized! End R Word! Kali's Avatar
    Join Date
    Mar 2008
    Last Seen
    08-19-12 @ 12:29 AM
    Lean
    Very Liberal
    Posts
    13,334
    Blog Entries
    7

    Re: FACT CHECK: Health insurer profits not so fat

    They make hidden money.
    ~Following My Own Flow~

Page 2 of 18 FirstFirst 123412 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •