Obama Creates a Boom?

Lumpy 1

Diamond Member
Jun 19, 2009
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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..
 
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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
 
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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..
hope barry leaves us some spare change !!!!
 
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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