bobcollum
Rookie
This is why the say Socialism is for the people, not the Socialist.
All of them believe they should acquire wealth beyond your wildest dreams, but everybody else needs to learn how to share, redistribute, etc.
Isn't it hysterical how the idiot liberal dumbocrats pledge their allegiance to such hypocrites. If Obama truly believed what he preached, he'd never come remotely close to have six-figures, because he'd be helping those in need long before his wealth ever reached that point.
Like that socialist ACA that ensures insurance policies for every American. Of course private insurance companies will reap most of those bennies, but hey, socialism is a hot word ya know?
Private insurance companies will go out of business!
Primarily because UNKNOWN to ACA supporter idiots, there is a requirement that ALL health insurance companies must pay at least 85% of their premiums in CLAIMS!
WELL the idiots that wrote this bill WOULDN"T take the experts i.e. actuaries... who write the premiums testimony that ALMOST ALL health insurance companies ALREADY pay out an average of 80% of every dollar in premium IN CLAIMS!!!
NOW with the government telling them they must pay out 85%.. that leaves the following:
15%! Out of the 15% BY STATE INSURANCE LAWS companies must make profits that are put into reserves for CLAIMS!
They will NOT be able to:
a) pay their 400,000 employees their salaries, PLUS I'm sure the idiots supporting ACA ARE totally unaware BUT the employers
MATCH dollar for dollar employees SS/Medicare! This comes from the 15%
b) They have to pay LOCAL property taxes you idiot out of that 15%!
Private insurance companies were making at 22 on the list of 50 net profit margins less then 4%!
they don't make a profit.. THEY CLOSE!
At a February conference in Las Vegas, Aetna president Mark Bertolini told a crowd of thousands that the end of insurance companies, the way weve run the business in the past, is here.
That isnt just industry whining its the truth. And the chief reason for the shift is Obamacare to its critics dismay and its champions delight. The presidents reform law installed dozens of new restrictions on how health insurance plans can be sold, priced, and managed. Selling policies has become a money-losing proposition for many firms. And several have already scaled back or completely shut down as a result.
The End of Private Health Insurance In America - Forbes
But of course THIS goes WAY over the heads of idiots that support ACA!
I don't support the ACA, you fucking piece of stool.