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Thread: FACT CHECK: Health insurer profits not so fat

  1. #41
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    Re: FACT CHECK: Health insurer profits not so fat

    Quote Originally Posted by DarkWizard12 View Post
    A 6% profit margin?

    That means that, for a company to be able to be able to cover it's yearly-forward expenses, without so much as paying the management or investers a single penny, would take a minimum of 17 years (correct me if I am wrong, apst).

    So realistically, it could take as long as 20-25 years.

    I think it's because the overall enviroment for an insurance company is cruel, the insurance company itself has to be cruel for it to survive. If they hired every jane, payed every joe what their worth, and covered every jack that gets burnt by hot coffee, the company would die within it's first year. My dad's business had 3 times that profit margin and he shut down in 6 months.
    Its called credit!!!!! And when it froze last year, you can see why assets began to topple down to cover those same operating expenses you so widely point out, which is why TARP was a very necessary program, even though it began to be abused by some.

    Credit, not capital is the life blood of any developed economy.....
    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

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    Re: FACT CHECK: Health insurer profits not so fat

    Quote Originally Posted by Goldenboy219 View Post
    Its called credit!!!!! And when it froze last year, you can see why assets began to topple down to cover those same operating expenses you so widely point out,
    Credit is a liability, not an asset.

    /killed.

  3. #43
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    Re: FACT CHECK: Health insurer profits not so fat

    Quote Originally Posted by DarkWizard12 View Post
    Credit is a liability, not an asset.

    /killed.
    Depends if you are Myrill Lynch and co :
    PeteEU

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    Re: FACT CHECK: Health insurer profits not so fat

    Quote Originally Posted by DarkWizard12 View Post
    Credit is a liability, not an asset.

    /killed.
    LOL

    So if a business (of any kind) loses it's line of credit, will it not have to either A.) sell assets to pay for fixed costs B.) reduce variable costs to match revenue?

    You misread my response.
    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

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    Re: FACT CHECK: Health insurer profits not so fat

    Quote Originally Posted by donc View Post
    From post #25 in answer to Kali,s post (They make hidden money.) you answered (and, that's not illegal.)

    Hhmm..silly me when I when I mistook your two word sentence followed by a question mark in (The problem?) in post #32 in answer to my post #31 which said (Evidently you approve of backdating (stockholder theft in my book) stocks.)

    I donít know how I could have mistaken you for the upright lad that you evidently are, instead of making a statement like this.


    (Sounds to me like you would be perfect CEO material, see where the line is , tap dance up to it and when you think no one is looking stick you foot over the line)

    On second thought this statement stands tall.

    You have the understand that hding money and stealing money, are two different things. It's not illegal to hide money. I do it all the time.
    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.

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    Re: FACT CHECK: Health insurer profits not so fat

    Quote Originally Posted by Goldenboy219 View Post
    Its called credit!!!!! And when it froze last year, you can see why assets began to topple down to cover those same operating expenses you so widely point out, which is why TARP was a very necessary program, even though it began to be abused by some.

    Credit, not capital is the life blood of any developed economy.....
    Uh, no, cash flow is the life blood of an economy.
    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.

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    Re: FACT CHECK: Health insurer profits not so fat

    Quote Originally Posted by apdst View Post
    Why is it that your garden variety Libbos has zero business sense? I mean, ya'll are all more educated than the rest of us and **** like that, but when it comes to business you folks are clueless. None of you seem to understand the concept of operating capital. Why is that?
    Thats EASY!
    All they -need- to know that businesses are a limitless source of tax revenue and an easy target for class-warfare-driven villification.

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    Re: FACT CHECK: Health insurer profits not so fat

    Quote Originally Posted by apdst View Post
    Uh, no, cash flow is the life blood of an economy.
    Diminished credit availability causes spending (necessary for cash flow) to decrease almost in an exponential fashion.
    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

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    Re: FACT CHECK: Health insurer profits not so fat

    Quote Originally Posted by Goobieman View Post
    Thats EASY!
    All they -need- to know that businesses are a limitless source of tax revenue and an easy target for class-warfare-driven villification.
    I don't even know if that would do any good...
    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.

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    Re: FACT CHECK: Health insurer profits not so fat

    Quote Originally Posted by apdst View Post
    Why is it that your garden variety Libbos has zero business sense? I mean, ya'll are all more educated than the rest of us and **** like that, but when it comes to business you folks are clueless. None of you seem to understand the concept of operating capital. Why is that?
    .....Yeah...Liberals are dumb. Awesome reply. Why haven't you been banned yet?
    I refuse to accept the view that mankind is so tragically bound to the starless midnight of racism and war that the bright daybreak of peace and brotherhood can never become a reality. - MLK

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