Health Insurers Post Record Profits, Cigna's profit increased 346%

Discussion in 'Healthcare/Insurance/Govt Healthcare' started by Modbert, Feb 14, 2010.

  1. Modbert
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    Modbert Daydream Believer Supporting Member

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    [ame=http://www.youtube.com/watch?v=YWyCCJ6B2WE]YouTube - Pay no attention to that man behind the curtain.[/ame]
     
  2. uscitizen
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    uscitizen Senior Member

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    The recession must be ending.
     
  3. Modbert
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    Modbert Daydream Believer Supporting Member

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    Nope, that happens when Cigna's Profits reach over 500%. :eusa_eh:
     
  4. Gatekeeper
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    Gatekeeper Senior Member

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    This is no surprise, for many businesses it's the "American Way', to "kick'em while their down". Nothing wrong with making a profit, but to outright rob people blind to make outrageous profits at the expense of those who are struggling day to day just to live, shouldn't be accepted by anyone and yet the politicians remain silent.

    If people want to 'Tea Party" here is one great reason to do so, where are they?

    Like Anthem Blue Cross in California. This is just the start, with NO opposition others will follow.

    Anthem Blue Cross dramatically raising rates for Californians with individual health policies - Los Angeles Times
     
  5. ☭proletarian☭
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    ☭proletarian☭ Guest

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    Profit?


    Share us the same data but dealing with profit margin and business costs.
     
  6. code1211
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    code1211 Senior Member

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    Hold on there Big Fella! The United States population spent 2.26 TRILLION on health care in 2009. Most of that came from the insurance business.

    All insurance companies according to the OP profited 12.2 billion. I assume that this profit is for all lines of business including investments, Auto, Life and Health.

    That sounds like about one half of one percent of the total paid to the health care facilities. If the company for whom you work is only profiting about one half of one percent, you would be wise to begin planning how you will finance your own healthcare soon because you will be looking for work.

    Why are the vultures attacking those that pay the bills instead of those who raise the rates?
     
  7. code1211
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    code1211 Senior Member

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    If you are making a judgement strictly on what the OP stated, that judgement is based on nothing.

    A 500% increase in profits could have brought the total profit to even with absolutely no profit. Last year could have shown a large loss.

    12.2 Billion sounds like a big number, but it shrinks to little or nothing when the scale of the industry is 2.26 Trillion.

    Outrage is useful, but facts are more useful.
     
  8. code1211
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    code1211 Senior Member

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  9. CrusaderFrank
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    CrusaderFrank Diamond Member

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    If Libruls couldn't lie, would that have anything to say?

    "Under questioning from reporters, Richard Kirsch, national campaign manager for HCAN, conceded that insurance companies don't bear all the blame for eliminating people from their rolls. He said the recession induced many employers to cut back on benefits, including health plans. Also, many who were laid off lost their insurance coverage and were forced to enroll in Medicaid."
     
  10. NYcarbineer
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    NYcarbineer Diamond Member

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    Those profit numbers don't reflect business costs?

    btw, I can show what a non-profit public option's profits would be:

    ZERO.
     

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