Page 3 of 18 FirstFirst 1234513 ... LastLast
Results 21 to 30 of 173

Thread: FACT CHECK: Health insurer profits not so fat

  1. #21
    Traditionalist
    phattonez's Avatar
    Join Date
    Jun 2009
    Location
    Los Angeles, CA
    Last Seen
    Today @ 03:07 PM
    Gender
    Lean
    Other
    Posts
    21,277

    Re: FACT CHECK: Health insurer profits not so fat

    Quote Originally Posted by Kali View Post
    They make hidden money.
    Oh wow.

    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

  2. #22
    Banned
    Join Date
    Sep 2005
    Location
    Whitewater, CO
    Last Seen
    04-05-16 @ 05:04 PM
    Gender
    Lean
    Centrist
    Posts
    8,260
    Blog Entries
    1

    Re: FACT CHECK: Health insurer profits not so fat

    Quote Originally Posted by apdst View Post
    I didn't know this. Health insurance companies only make a 6% +/- profit? That's a going out of business profit margin. I wouldn't own a business that only made a 6% profit margin. Hell, if I had a business that didn't make 10%+, I would close it down and walk off and that's still below the bottom end of the national average. I mean, a business that actually meant to make money and not just a tax shelter. The tax shelters I own make negative profits, but that's what they're supposed to do.

    These are the evil, greedy, money grubbin' insurance companies that the Libbos tell us about? Really? No wonder insurance companies turn people away for pre-existing conditions. With a 6% profit margin, there's no way an insurance company could staty afloat if they insured every swinging dick that signed up. Good God!!!

    This just goes to how how dishonest Libbos and the MSM really are. How dare they not reveal this information before now?
    Keep in mind what they're getting 6% of. 6% of 50,000 isn't that much; however, 6% of the billions made by insurance companies annually is actually pretty damn good.

    Don't by the hype. 6% is more than they need.

    Do not by the hype.

    Examples:

    UnitedHealth earned $859 million. But that's not a record for quarterly net income. During the same period in 2007, for example, its net income was $1.23 billion.

    Full article: http://www.politifact.com/truth-o-me...rofit-not-rec/

    Have a look at the political message at: http://www.angryasianman.com/2009/09...companies.html
    Last edited by Vader; 10-25-09 at 09:32 PM.

  3. #23
    Traditionalist
    phattonez's Avatar
    Join Date
    Jun 2009
    Location
    Los Angeles, CA
    Last Seen
    Today @ 03:07 PM
    Gender
    Lean
    Other
    Posts
    21,277

    Re: FACT CHECK: Health insurer profits not so fat

    Quote Originally Posted by Vader View Post
    Keep in mind what they're getting 6% of. 6% of 50,000 isn't that much; however, 6% of the billions made by insurance companies annually is actually pretty damn good.
    Do you know what a profit margin means?

    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

  4. #24
    Sage

    Join Date
    Sep 2007
    Last Seen
    02-14-18 @ 11:10 PM
    Lean
    Undisclosed
    Posts
    29,261

    Re: FACT CHECK: Health insurer profits not so fat

    Quote Originally Posted by apdst View Post
    On a billion, obviously. The part that you obviously don't understand, is that either way, you still only have a 6% profit to operate off of for the following year. Which means, that you spent 940 million bucks this past year, and for next year, you only have 60 million bucks to cover the years expenses, in case there are any shortfalls. And, that means, that if you go through that 60 million in the first 4-6 months, well, you're ****ed for the rest of the year. Yeah, they call that operating capital. Surely, the math just jumps out at you. Now, that is common sense...
    Considering labor costs are proportionate what would you rather make? 6% on a 100k or 6% on 1 billion.

  5. #25
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 03:39 PM
    Gender
    Lean
    Very Conservative
    Posts
    84,931

    Re: FACT CHECK: Health insurer profits not so fat

    Quote Originally Posted by Kali View Post
    They make hidden money.
    And, that's not illegal. What is illegal, is for the government to go on a witch hunt because of it. I know it may come as a shock to most on the Left, but this is America and there's nothing wrong with making money.
    Quote Originally Posted by americanwoman View Post
    So there is absolutely no evidence this woman, whom you called a slut, did this but you are ready to take someone's word as evidence. Guess you don't think witch hunts have to end when it's going after the certain people.

  6. #26
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 03:39 PM
    Gender
    Lean
    Very Conservative
    Posts
    84,931

    Re: FACT CHECK: Health insurer profits not so fat

    Quote Originally Posted by winston53660 View Post
    Considering labor costs are proportionate what would you rather make? 6% on a 100k or 6% on 1 billion.
    You're missing the whole point. It's irrelevant what your gross figure is, the point is, that a company has to have a safe amount of operating capital for the upcoming year. 6% profit, even on a gazillion dollars, isn't what would be called a safe profit margin.
    Quote Originally Posted by americanwoman View Post
    So there is absolutely no evidence this woman, whom you called a slut, did this but you are ready to take someone's word as evidence. Guess you don't think witch hunts have to end when it's going after the certain people.

  7. #27
    Sage

    Join Date
    Sep 2007
    Last Seen
    02-14-18 @ 11:10 PM
    Lean
    Undisclosed
    Posts
    29,261

    Re: FACT CHECK: Health insurer profits not so fat

    Quote Originally Posted by apdst View Post
    You're missing the whole point. It's irrelevant what your gross figure is, the point is, that a company has to have a safe amount of operating capital for the upcoming year. 6% profit, even on a gazillion dollars, isn't what would be called a safe profit margin.
    Oh so you are calling for some form of regulation.

  8. #28
    Sage

    Donc's Avatar
    Join Date
    Sep 2007
    Location
    out yonder
    Last Seen
    Today @ 01:33 PM
    Gender
    Lean
    Slightly Liberal
    Posts
    9,482

    Re: FACT CHECK: Health insurer profits not so fat

    They’re not hurting when they can cough up a bonus like this to a CEO. Note the bolded part about backdating stocks.



    <n March, the Wall Street Journal raised questions about possible options backdating at UnitedHealth (a practice that, while permissible under certain circumstances, can amount to outright theft of shareholder assets.>


    <No wrongdoing has so far been established, but the company, the SEC, and government prosecutors are all still investigating. Even so, the stock is down 22%, a drop that has lowered the value of McGuire's trove of in-the-money options from $1.6 billion in December to a still hefty $1 billion today.>

    FORTUNE: The real CEO pay problem - July 10, 2006
    “I am a man of fixed and unbending principles, the first of which is to remain flexible at all times.”

    Sen. Everett Dirksen.

  9. #29
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 03:39 PM
    Gender
    Lean
    Very Conservative
    Posts
    84,931

    Re: FACT CHECK: Health insurer profits not so fat

    Quote Originally Posted by donc View Post
    They’re not hurting when they can cough up a bonus like this to a CEO. Note the bolded part about backdating stocks.



    <n March, the Wall Street Journal raised questions about possible options backdating at UnitedHealth (a practice that, while permissible under certain circumstances, can amount to outright theft of shareholder assets.>


    <No wrongdoing has so far been established, but the company, the SEC, and government prosecutors are all still investigating. Even so, the stock is down 22%, a drop that has lowered the value of McGuire's trove of in-the-money options from $1.6 billion in December to a still hefty $1 billion today.>

    FORTUNE: The real CEO pay problem - July 10, 2006
    If the guy made a profit for the company, when thy only expect a 6% profit margin, then he most certainly earned it.
    Quote Originally Posted by americanwoman View Post
    So there is absolutely no evidence this woman, whom you called a slut, did this but you are ready to take someone's word as evidence. Guess you don't think witch hunts have to end when it's going after the certain people.

  10. #30
    Sage
    apdst's Avatar
    Join Date
    Jun 2009
    Location
    Bagdad, La.
    Last Seen
    Today @ 03:39 PM
    Gender
    Lean
    Very Conservative
    Posts
    84,931

    Re: FACT CHECK: Health insurer profits not so fat

    Quote Originally Posted by winston53660 View Post
    Oh so you are calling for some form of regulation.
    No, if anything, I'm calling for de-regulation of the insurance industry, to spur competition and lower insurance rates. That would make too much sense and be waaaaaay too easy, so of course the Libbos aren't going to do that.
    Quote Originally Posted by americanwoman View Post
    So there is absolutely no evidence this woman, whom you called a slut, did this but you are ready to take someone's word as evidence. Guess you don't think witch hunts have to end when it's going after the certain people.

Page 3 of 18 FirstFirst 1234513 ... 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
  •