Marilyn Monroe
DP Veteran
- Joined
- Jun 27, 2006
- Messages
- 2,137
- Reaction score
- 304
- Location
- Tennessee
- Gender
- Female
- Political Leaning
- Conservative
Not really. Insurance companies take profits and invest them in shell companies or securities which keeps those profits off their net income line making it look like they aren't making as much as they really are. Granted, many industries do this as well. If you restate their net incomes by removing a big chunk of those investments from their balance sheet, they are making a sizable chunk of change.
My problem with insurance isn't its profits. It's that they make money by denying service that customers have legally paid for.
A whole lot of health insurance companies have gone under. A whole lot of HMO's have bit the dust. This is because they were too good to be true, and the profits weren't there.
I haven't had any denials fortunately and I use my insurance a lot. Universal healthcare will have to deny, also. There's no way any system can pay for everything. At some point, the rich will probably still get the better care,
Ever watch Benny Hill? You'll see a long line of people waiting to get medical care, and this lady will walk up with a fur coat and jewels, and go to the head of the line. That's how it goes with everything. Those that have it, get it.