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Thread: FACT CHECK: Health insurer profits not so fat

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    FACT CHECK: Health insurer profits not so fat

    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?

    WASHINGTON Quick quiz: What do these enterprises have in common? Farm and construction machinery, Tupperware, the railroads, Hershey sweets, Yum food brands and Yahoo? Answer: They're all more profitable than the health insurance industry.

    In the health care debate, Democrats and their allies have gone after insurance companies as rapacious profiteers making "immoral" and "obscene" returns while "the bodies pile up."

    Ledgers tell a different reality. Health insurance profit margins typically run about 6 percent, give or take a point or two. That's anemic compared with other forms of insurance and a broad array of industries, even some beleaguered ones

    FACT CHECK: Health insurer profits not so fat - Yahoo! News
    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

    I would imagine those fat salaries and perks eat up much of the margin.

    They ain't goin out of business. Not by a long shot.

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    Re: FACT CHECK: Health insurer profits not so fat

    If I had a business that made 6 percent on a 100k I would question it. If I had a business that made 6 percent on a billion I would love it.

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    Re: FACT CHECK: Health insurer profits not so fat

    Quote Originally Posted by winston53660 View Post
    If I had a business that made 6 percent on a 100k I would question it. If I had a business that made 6 percent on a billion I would love it.
    Except that your expenses are just a relative to the billion dollars as they are the 100k. Didn't think about that part, huh?
    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 winston53660 View Post
    If I had a business that made 6 percent on a 100k I would question it. If I had a business that made 6 percent on a billion I would love it.
    What they make in 'profits' disguises the depth of the problem. The industry has a figure they call 'medical loss ratio'. It refers to the amount of each premium dollar spent on health care. It has dropped from middle 90s, to high 70s, low 80s.



    They are making lots of money. Churning it around in fat salaries, and some profits to shareholders. They are spending less and less on actual health care.

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    Re: FACT CHECK: Health insurer profits not so fat

    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?
    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?
    Anybody that puts "libbos" into roughly 95% of their posts I seriously have to question their common sense.

    Would you rather make 6% on a billion or a 100k?

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    Re: FACT CHECK: Health insurer profits not so fat

    Quote Originally Posted by jackalope View Post
    What they make in 'profits' disguises the depth of the problem. The industry has a figure they call 'medical loss ratio'. It refers to the amount of each premium dollar spent on health care. It has dropped from middle 90s, to high 70s, low 80s.



    They are making lots of money. Churning it around in fat salaries, and some profits to shareholders. They are spending less and less on actual health care.

    What insurance companies do with the money is invest in various vehicles via shell companies that get a return on the capital.

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    Re: FACT CHECK: Health insurer profits not so fat

    Quote Originally Posted by winston53660 View Post
    Anybody that puts "libbos" into roughly 95% of their posts I seriously have to question their common sense.

    Would you rather make 6% on a billion or a 100k?
    So who's going to determine what a fair profit is?

    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

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    Re: FACT CHECK: Health insurer profits not so fat

    Quote Originally Posted by winston53660 View Post
    Anybody that puts "libbos" into roughly 95% of their posts I seriously have to question their common sense.

    Would you rather make 6% on a billion or a 100k?
    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...
    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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