Brain357
Platinum Member
- Mar 30, 2013
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What the crowd on the right doesn't seem to understand is, this is a multifaceted problem. It's not just about taxes but they always gravitate to the one dimensionally focused mind they have.The very notion of how the top take a disproportional share of the profit is the problem.
No matter how much they argue it is their right, they take away the right of collective bargaining because the workers want their Fair share.
What is "their fair share"???
Here is an industry and you tell me where "Workers" fair share would come from???
Health Insurance industry.
NOT being economically salient.. you probably won't understand much less believe this BUT.
Are you aware that for every $1 in insurance premium that comes in 80¢ goes out in paying the claims? I know you don't believe and here is the proof!
As of 2007, the average US medical loss ratio for private insurers was 81%
Loss ratio - Wikipedia, the free encyclopedia
So what are the health insurance companies "EVIL" profits as percent of premiums?
I've posted several times before about the profitability of the "Health Care Plans" industry, see posts here and here, and reported previously that the health insurance industry ranked #86 by profit margin out of 215 industries, at 3.3%. -
CARPE DIEM: Health Insurance Companies Rank #88 by Industry Profit Margin, Earning $100-200 on Avg. per Policy
3.3% and THAT's BEFORE taxes!
So that is AFTER subtracting 15.7% for:
A) pay salaries, utilities,office rent,computers, supplies,
B) make a profit because STATE insurance regulators require companies to have reserves to pay future claims... "reserves" come from evil profits!
AGAIN remember 81% of revenue PAYS CLAIMS!.. i.e. Medical loss ratio!
3.3% profit used to build reserves AFTER paying taxes!
So where would you get more money for "Workers fair share"????
Of course all this goes WAY over your head as you were lost at the "medical loss ratio" issue!
So that leaves out of
So why do health insurance executives make gross amounts of money?
Top health insurance bosses earn millions - Connecticut Post