Obama Creates a Boom?

Discussion in 'Politics' started by Lumpy 1, Jan 28, 2012.

  1. Lumpy 1
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    Lumpy 1 Diamond Member Supporting Member

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    Seems like a boom in the medical/insurance sector. Just wondering how y'all felt about it. I tend to blame Obama/Democrats but that's hardly new..

    I'm willing to be convinced otherwise in a pleasant and reasonable manner....:lol:

    -----------------------------:eek:

    The cost of health insurance for many Americans this year climbed more sharply than in previous years, outstripping any growth in workers’ wages and adding more uncertainty about the pace of rising medical costs.

    A new study by the Kaiser Family Foundation, a nonprofit research group that tracks employer-sponsored health insurance on a yearly basis, shows that the average annual premium for family coverage through an employer reached $15,073 in 2011, an increase of 9 percent over the previous year.

    “The open question is whether that’s a one-time spike or the start of a period of higher increases,” said Drew Altman, the chief executive of the Kaiser foundation.

    The steep increase in rates is particularly unwelcome at a time when the economy is still sputtering and unemployment continues to hover at about 9 percent. Many businesses cite the high cost of coverage as a factor in their decision not to hire, and health insurance has become increasingly unaffordable for more Americans. Over all, the cost of family coverage has about doubled since 2001, when premiums averaged $7,061, compared with a 34 percent gain in wages over the same period.

    How much the new federal health care law pushed by President Obama is affecting insurance rates remains a point of debate, with some analysts suggesting that insurers have raised prices in anticipation of new rules that would, in 2012, require them to justify any increase of more than 10 percent.

    http://www.nytimes.com/2011/09/28/b...his-year-study-shows.html?_r=1&pagewanted=all


    Marked Red ..mmm... I don't recall Obama/Democrats informing us of this, on the contrary actually.. lowered costs..
     
    Last edited: Jan 28, 2012
  2. whitehall
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    whitehall Gold Member

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    The only boom Barry ever created was the last thing US citizen Anwar Al-Awaki heard.
     
  3. hjmick
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    hjmick Gold Member

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    Seems as if the "boom" has been in failing "green companies..."
     
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  4. whitehall
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    whitehall Gold Member

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    Nope, that's a bust.
     
  5. Lumpy 1
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    Lumpy 1 Diamond Member Supporting Member

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    Well.. just bumping along
     
  6. Mr. H.
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    Mr. H. Diamond Member

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    Here's what's boomin' with respect to net profit margin (profits / sales) ...
    (published May 2011)


    Rank
    Industry
    Net Profit Margin
    1
    Closed-End Fund – Equity
    81%

    2
    Publishing – Periodicals
    51.7

    3
    Silver
    44.7

    4
    Closed-End Fund – Foreign
    38.3

    5
    REIT – Diversified
    36

    6
    Copper
    24

    7
    Internet Information Providers
    23.8

    8
    Application Software
    22.7

    9
    Foreign Utilities
    20.5

    10
    Industrial Metals and Minerals
    20.1

    11
    Gold
    20.1

    12
    Cigarettes
    19.8

    13
    Semiconductor – Broad Line
    19.2

    14
    REIT – Healthcare Facilities
    19.1

    15
    Lumber, Wood Production
    17.7

    16
    Semiconductor – Integrated Circuits
    17.6

    17
    Diversified Investments
    17.5

    18
    Healthcare Information Services
    16.6

    19
    Beverages – Brewers
    16.5

    20
    Regional – Southwest Banks
    16.4

    21
    Semiconductor- Memory Chips
    16.1

    22
    Publishing – Books
    16.1

    23
    Networking and Communication Devices
    15.7

    24
    Drug Manufacturers – Major
    15.4

    25
    Long Distance Carriers
    15.2

    26
    Railroads
    15

    27
    Beverages – Wineries and Distillers
    14.9

    28
    Nonmetallic Mineral Mining
    14.6

    29
    Beverages – Soft Drinks
    14.3

    30
    Wireless Communications
    14.1

    31
    Semiconductor Equipment and Materials
    14.1

    32
    Personal Products
    13.9

    33
    Personal Computers
    13.9

    34
    Medical Instruments and Supplies
    13.9

    35
    Drug Manufacturers – Other
    13.6

    36
    Security Software and Services
    13.2

    37
    Property and Casualty Insurance
    13.2

    38
    Agricultural Chemicals
    13

    39
    Specialty Chemicals
    12.7

    40
    REIT – Residential
    12.7

    41
    Biotechnology
    12.7

    42
    Medical Appliances & Equipment
    12.6

    43
    Technical and System Software
    12.5

    44
    Mortgage Investment
    12.5

    45
    Entertainment – Diversified
    12.5

    46
    Air Services, Other
    12.4

    47
    Diversified Electronics
    11.9

    48
    Processed and Packaged Goods
    11.5

    49
    Foreign Regional Banks
    11.5

    50
    Water Utilities
    10.9

    This list goes on to #114 wherein resides "Major Integrated Oil and Gas"
    6.2

    Oil Industry Profit Margin Ranks #114 Out 215
     
    Last edited: Jan 29, 2012
  7. yidnar
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    yidnar Gold Member

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    hope barry leaves us some spare change !!!!
     
  8. Lumpy 1
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    Lumpy 1 Diamond Member Supporting Member

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    Okay well.. If Obama/Democrats expect insurers to raise rates 10% each year (after that they Squawk), isn't it fairly obvious we're headed down the wrong path..

    A path where practically no-average citizen can afford health care costs, medical care or insurance unless their getting it free(?) for the government...
     

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