Obamacare Working Exactly as Intended

#376
#376
volinbham said:
LG told us these rate hikes were all built on lies from the insurance companies and they really weren't going to pull plans from states - all just bargaining ploys.

Hmmmm.
Click to expand...

left wing news already running articles on how this isn't Obama's fault. I saw some on my Facebook feed
 
#384
#384
lawgator1 said:
Why your premiums go up.
Click to expand...

No. Stop with the argument because to hold this belief only shows you to know exactly zilch when it comes to anything having to do with a running any company.

Cigna:
$38 billion in revenues

$12 billion in shareholders’ equity

$2.3 billion in adjusted income from operations

Assets of $57 billion

More than 39,000 employees worldwide

Ceo compensation, not salary......27 million.......

Explain please how much a CEO, or any CEO, can be valued and put into a metric of efficiency/effectiveness and equate that to the absolute value he/she adds to the company and what that value is worth? You can't. You have not one inclination as to how to answer the question because you have absolutely no knowledge of these CEO's and their daily function.

You just take the simplest and most uninformed "opinion" that revolves around a number that seems high to you and say that is tooooo much money and that's the reason the costs are so high......without any consideration to context and actual facts about the number you see. Stop, it is a red herring argument of the ill- and un-informed.
 
Last edited:
  • Like
Reactions: 1 person
#385
#385
Biopsyman said:
Those CEO's has paying millions in taxes at 2.8% additional tax .. ..tell me what the recipients are paying in to receive care
Click to expand...

Lol if you think they are paying an additional 2%. The tax code may give you that percentage but you have no idea what percentage they actually pay with all the deductions someone at that income level can take.
 
  • Like
Reactions: 1 person
#386
#386
No need to answer gator because the answer is simple: 2.3 billion net income and the guy that runs and makes the decisions necessary to validate his compensation of 27 million is done so by the shareholders and BOD. So, 2.3 billion, and compensate the CEO with 27 million, any business, and all businesses would do this in a heartbeat. In reality, it's a steal and better than a bargain. Do the math, see the simple percentage that it represents.
 
#387
#387
Insurance companies have built themselves into far more than they should. How often do you get a call from an employee of your insurance company that works for their "Wellness" programs asking if you've met your 'Wellness Goals' for whichever program it is this year. These should be between me and my doctor. Some small discount for participation, you say? The salaries and even the insurance of rafts of secondary employees of the insurance companies are also built into the premiums. Get rid of those, get out from between me and my doc, and oh heck yeah, cut the premium accordingly.
 
  • Like
Reactions: 1 person
#388
#388
***RoadVol*** said:
Lol if you think they are paying an additional 2%. The tax code may give you that percentage but you have no idea what percentage they actually pay with all the deductions someone at that income level can take.
Click to expand...

Raking in enough in one or three days to keep at least one personal financial mananger employed full time.
 
#392
#392
tennvols77 said:
No. Stop with the argument because to hold this belief only shows you to know exactly zilch when it comes to anything having to do with a running any company.

Cigna:
$38 billion in revenues

$12 billion in shareholders’ equity

$2.3 billion in adjusted income from operations

Assets of $57 billion

More than 39,000 employees worldwide

Ceo compensation, not salary......27 million.......

Explain please how much a CEO, or any CEO, can be valued and put into a metric of efficiency/effectiveness and equate that to the absolute value he/she adds to the company and what that value is worth? You can't. You have not one inclination as to how to answer the question because you have absolutely no knowledge of these CEO's and their daily function.

You just take the simplest and most uninformed "opinion" that revolves around a number that seems high to you and say that is tooooo much money and that's the reason the costs are so high......without any consideration to context and actual facts about the number you see. Stop, it is a red herring argument of the ill- and un-informed.
Click to expand...


Do I understand you correctly that you are arguing that the benefit of this system is that ONE of the insurers made $2.3 billion ?

How about if instead of that margin, we used it plus all the expense, and Medicare administered the exact same program? At a small, small fraction of the overhead costs?

For something we could do infinitely more efficiently if people with a cough could see a doctor at a cost of $100 to the system, rather than $3,000 when they are hospitalized with pneumonia.

Makes way too much sense, I guess.
 
  • Like
Reactions: 2 people
#393
#393
You were saying because of high pay and compensation packages that the cost of premiums went up. You were wrong and you know it and you were trying to be a smartarse.

This post is much better in terms of discussion.

No, I was stating that pay is relative to the company and it's ability to be profitable and by how much to justify these large compensation packages.

I'm not a fan of the insurance industry or of government involvement in health insurance. I am a firm believer in free market enterprise, and the freer the better for the best possible outcomes for the consumer.

Medicare and administration don't go together. Medicaid and administration don't go together. Government involvement is the last thing needed. Because, well, they are incapable of operating pretty much anything simple, let alone this complicated.

I think that what needs to be considered are policy based systems where by just like life insurance, one pays according to the costs that they are willing to absorb around their healthcare. There is some actuary somewhere who could put it together. You have tiered systems and pay according to the coverage you see fit for yourself and your family and what is covered accordingly.
 
  • Like
Reactions: 1 person
#394
#394
tennvols77 said:
You were saying because of high pay and compensation packages that the cost of premiums went up. You were wrong and you know it and you were trying to be a smartarse.

This post is much better in terms of discussion.

No, I was stating that pay is relative to the company and it's ability to be profitable and by how much to justify these large compensation packages.

I'm not a fan of the insurance industry or of government involvement in health insurance. I am a firm believer in free market enterprise, and the freer the better for the best possible outcomes for the consumer.

Medicare and administration don't go together. Medicaid and administration don't go together. Government involvement is the last thing needed. Because, well, they are incapable of operating pretty much anything simple, let alone this complicated.

I think that what needs to be considered are policy based systems where by just like life insurance, one pays according to the costs that they are willing to absorb around their healthcare. There is some actuary somewhere who could put it together. You have tiered systems and pay according to the coverage you see fit for yourself and your family and what is covered accordingly.
Click to expand...


yeah, kinda like bronze/silver/gold/platinum options with varying deductibles/MOOP, etc.?
 
#395
#395
GAVol said:
Textbook red herring.

Premiums skyrocket because the adverse selection that everybody in the industry knew would occur is now in full swing. The model was unsustainable from day 1.
Click to expand...

:yes:

The surprise is why people think this is a surprise.
 
  • Like
Reactions: 2 people
#396
#396
volinbham said:
:yes:

The surprise is why people think this is a surprise.
Click to expand...

I wonder if any actuaries at BC of TN have been fired? They wanted to increase marketshare by having the lowest premiums in the country. I guess they kinda missed the pent up demand among the sickest people in the whole damn state and didn't figure that little tidbit into the equation.
 
#397
#397
slobberknocker said:
[/B]

yeah, kinda like bronze/silver/gold/platinum options with varying deductibles/MOOP, etc.?
Click to expand...

No, literal dollar amounts are the policy. Not saying going to be easy.

No deductibles except on catastrophic. Once again, not saying it will be easy to figure out, but, it can and lends itself to a more individualized/personal health care system.
 
#398
#398
tennvols77 said:
No, literal dollar amounts are the policy. Not saying going to be easy.

No deductibles except on catastrophic. Once again, not saying it will be easy to figure out, but, it can and lends itself to a more individualized/personal health care system.
Click to expand...

I got ya, wasn't trying to be a smart a** like most on here.
 
New posts
You must log in or register to reply here.

VN Store



Back
Top