8537
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I love that show, too bad the rest of your post is as entertaining as a test pattern.
That's not fair - to test patterns.
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I love that show, too bad the rest of your post is as entertaining as a test pattern.
No one believes that. Why do you have to lie so much?Republicans believe you can drill everywhere and find oil. That it's at the bottom of every lake and ocean and inside of every mountain.
Yes, it's just insane to think that having a local supply would cost less than shipping it halfway around the world.What else could explain this insane mantra that "drill baby drill" would bring down oil prices?
Oh, they do. HuffPo, DailyKOS, Commondreams, DU...USE the internet before you spout off ignorance!
Yes, it's just insane to think that having a local supply would cost less than shipping it halfway around the world.
No. But costs are cheaper.Yes, it's just insane to think that having a local supply would cost less than shipping it halfway around the world.
So, the price of a barrel of oil in Saudi Arabia is cheaper than the US? THe price of a barrel in Canada is cheaper than the US?
Republicans believe you can drill everywhere and find oil. That it's at the bottom of every lake and ocean and inside of every mountain. What else could explain this insane mantra that "drill baby drill" would bring down oil prices?
I love that show, too bad the rest of your post is as entertaining as a test pattern.
Of course you loved it! You proved my point!
I bet you also think health insurance companies just sit around all day and say..
pay this ... don't pay this... screw our customers!!!
I bet you also agree with numnuts Obama on eliminating what ALL american businesses do write off expenses of doing businesses BUT just for oil companies cause they are NOT americans!
I bet you also DIDN"T KNOW that Obama has WRITTEN OFF his OWN personal taxes every year for at least the last 3 years an average of $100,000 in capital losses just like the other evil tax paying Americans do.. YET he complains about the "wealthy not paying their fair share"!
How about this hypocrisy... tells americans.. can't fly to Las Vegas YET his wife takes 10 secret service and family to Las Vegas...
YEA you and Obama certainly set a great example for how hypocrites and ignoramuses (ignorami for Latin purists!) take advantage of affirmative actions!!!
Pretty much.
While visiting family in Tennessee, Potter stopped at a "medical expedition" in Wise, Va. People drove hours for free care from temporary clinics set up in animal stalls at the local fairground. Potter told me that weeks later, flying on a CIGNA corporate jet with the CEO: "I realized that someone's premiums were helping me to travel that way ... paying for my lunch on gold-trimmed china. I thought about those men and women I had seen in Wise County ... not having any idea [how] insurance executives lived." He decided he couldn't be an industry PR hack anymore.
Health Insurance Whistle-Blower Knows Where the Bodies Are Buried | Common Dreams
I love that show, too bad the rest of your post is as entertaining as a test pattern.
Of course you loved it! You proved my point!
I bet you also think health insurance companies just sit around all day and say..
pay this ... don't pay this... screw our customers!!!
I bet you also agree with numnuts Obama on eliminating what ALL american businesses do write off expenses of doing businesses BUT just for oil companies cause they are NOT americans!
I bet you also DIDN"T KNOW that Obama has WRITTEN OFF his OWN personal taxes every year for at least the last 3 years an average of $100,000 in capital losses just like the other evil tax paying Americans do.. YET he complains about the "wealthy not paying their fair share"!
How about this hypocrisy... tells americans.. can't fly to Las Vegas YET his wife takes 10 secret service and family to Las Vegas...
YEA you and Obama certainly set a great example for how hypocrites and ignoramuses (ignorami for Latin purists!) take advantage of affirmative actions!!!
Pretty much.
While visiting family in Tennessee, Potter stopped at a "medical expedition" in Wise, Va. People drove hours for free care from temporary clinics set up in animal stalls at the local fairground. Potter told me that weeks later, flying on a CIGNA corporate jet with the CEO: "I realized that someone's premiums were helping me to travel that way ... paying for my lunch on gold-trimmed china. I thought about those men and women I had seen in Wise County ... not having any idea [how] insurance executives lived." He decided he couldn't be an industry PR hack anymore.
Health Insurance Whistle-Blower Knows Where the Bodies Are Buried | Common Dreams
To review- The OP is blind dittohead BS. We're drilling more than ever, some places SHOULD be off bounds, and the percentage we get from overseas has gone down about 20% in 3 years...Intelligence is good, BS is bad The amount of Pub misinformation is incredible- lying POSs and silly dupes....
I saw Beverly Hillbillies in the title and visions of Ellie May popped into my head.
Of course you loved it! You proved my point!
I bet you also think health insurance companies just sit around all day and say..
pay this ... don't pay this... screw our customers!!!
I bet you also agree with numnuts Obama on eliminating what ALL american businesses do write off expenses of doing businesses BUT just for oil companies cause they are NOT americans!
I bet you also DIDN"T KNOW that Obama has WRITTEN OFF his OWN personal taxes every year for at least the last 3 years an average of $100,000 in capital losses just like the other evil tax paying Americans do.. YET he complains about the "wealthy not paying their fair share"!
How about this hypocrisy... tells americans.. can't fly to Las Vegas YET his wife takes 10 secret service and family to Las Vegas...
YEA you and Obama certainly set a great example for how hypocrites and ignoramuses (ignorami for Latin purists!) take advantage of affirmative actions!!!
As a strict conservative that does consulting work for insurance companies, owns insurance company stock and works with their adjustors weekly they most certainly scrutinize each and every claim and deny, negotiate lower, step off of the coverage and practice many other underwriting practices every minute.
They are supposed to. Their job is to keep claims as low as they can.
Do you believe otherwise?
Of course not! You should know that the medical loss ratio AVERAGE is 80%!
MOST idiots though have no idea what that means!
For them it means for every $1 in premium... $.80 goes out to pay claims!
BUT Obama the idiot and his supports don't think that is enough!
OF course Obama and congress took $300 million from the real culprits that cost Americans $600 billion a year ...DEFENSIVE MEDICINE out of fear of lawsuits!
So instead of TAXING lawyers 10% of their $100 billion and using that to pay the premiums to the "uninsured Health Insurance Company © which THEN pays claims from the $10 billion from hospitals that submit claims for the truly 8 million uninsured,
OBAMA CARE TAXES tanning salons!
I deal daily with Medicare and another major contribution to high health care is EMTALA!
LOOK it up!
As a result hospitals Pad and pass on to Medicare with Medicare's blessing.. sometimes 6,000% overcharges! To make up for "uninsured"!
TAX the lawyers at a ratio that with declining $600 billion defensive medicine lowers the tax!
SIMPLE
I saw Beverly Hillbillies in the title and visions of Ellie May popped into my head.
As a strict conservative that does consulting work for insurance companies, owns insurance company stock and works with their adjustors weekly they most certainly scrutinize each and every claim and deny, negotiate lower, step off of the coverage and practice many other underwriting practices every minute.
They are supposed to. Their job is to keep claims as low as they can.
Do you believe otherwise?
Of course not! You should know that the medical loss ratio AVERAGE is 80%!
MOST idiots though have no idea what that means!
For them it means for every $1 in premium... $.80 goes out to pay claims!
BUT Obama the idiot and his supports don't think that is enough!
OF course Obama and congress took $300 million from the real culprits that cost Americans $600 billion a year ...DEFENSIVE MEDICINE out of fear of lawsuits!
So instead of TAXING lawyers 10% of their $100 billion and using that to pay the premiums to the "uninsured Health Insurance Company © which THEN pays claims from the $10 billion from hospitals that submit claims for the truly 8 million uninsured,
OBAMA CARE TAXES tanning salons!
I deal daily with Medicare and another major contribution to high health care is EMTALA!
LOOK it up!
As a result hospitals Pad and pass on to Medicare with Medicare's blessing.. sometimes 6,000% overcharges! To make up for "uninsured"!
TAX the lawyers at a ratio that with declining $600 billion defensive medicine lowers the tax!
SIMPLE
Medical loss ratio is not a good example of an insurance companies income statement.
That $1 in premium just does not sit there. About 70 % of it goes into reserves and under anti trust law any profits off of that reserve is not taxable. Claims are not paid out of that $1 that is paid as premiums. Premium $$ is used in administration of the insurance company. Most administrative costs of an insurance company average around 30% so the 80% medical loss ration is pretty much a bogus statistic. Claims are paid out of reserves as reserve capital and gains are not taxable to the insurance company because they act as future expenses.
Who in their right mind would ever invest in an insurance company if there profit margins are in the red every year?
Insurance companies can not start business UNLESS they have a certain reserve structure IN PLACE AS CAPITAL BEFORE the first premium is ever collected.
Forevery dollar they collect in premium they have to have a certain multiple of that, the "exposure" of the company to the limits of that policy, in place as reserves before they can collect that premium.
Insurance companies' reserves are in the tens of millions of dollars BEFORE they collect the first premium and not one cent of that is calculated in the medical loss ratio.
Of course not! You should know that the medical loss ratio AVERAGE is 80%!
MOST idiots though have no idea what that means!
For them it means for every $1 in premium... $.80 goes out to pay claims!
BUT Obama the idiot and his supports don't think that is enough!
OF course Obama and congress took $300 million from the real culprits that cost Americans $600 billion a year ...DEFENSIVE MEDICINE out of fear of lawsuits!
So instead of TAXING lawyers 10% of their $100 billion and using that to pay the premiums to the "uninsured Health Insurance Company © which THEN pays claims from the $10 billion from hospitals that submit claims for the truly 8 million uninsured,
OBAMA CARE TAXES tanning salons!
I deal daily with Medicare and another major contribution to high health care is EMTALA!
LOOK it up!
As a result hospitals Pad and pass on to Medicare with Medicare's blessing.. sometimes 6,000% overcharges! To make up for "uninsured"!
TAX the lawyers at a ratio that with declining $600 billion defensive medicine lowers the tax!
SIMPLE
Medical loss ratio is not a good example of an insurance companies income statement.
That $1 in premium just does not sit there. About 70 % of it goes into reserves and under anti trust law any profits off of that reserve is not taxable. Claims are not paid out of that $1 that is paid as premiums. Premium $$ is used in administration of the insurance company. Most administrative costs of an insurance company average around 30% so the 80% medical loss ration is pretty much a bogus statistic. Claims are paid out of reserves as reserve capital and gains are not taxable to the insurance company because they act as future expenses.
Who in their right mind would ever invest in an insurance company if there profit margins are in the red every year?
Insurance companies can not start business UNLESS they have a certain reserve structure IN PLACE AS CAPITAL BEFORE the first premium is ever collected.
Forevery dollar they collect in premium they have to have a certain multiple of that, the "exposure" of the company to the limits of that policy, in place as reserves before they can collect that premium.
Insurance companies' reserves are in the tens of millions of dollars BEFORE they collect the first premium and not one cent of that is calculated in the medical loss ratio.
YOU don't KNOW what you are talkiing about! Idiot!
Of course they have reserves!
BUT when you see the NET profit before TAXES are 22 of the 25 industries at 4.5%
where in the "f...k" would you get away with 30% administration costs?
AGAIN when was the LAST time you looked at the financial reports for a health iinsurance company? Or do you know what that MEANS??
Idiot as you are YOU probably also believe that stupid cliche about Medicare having very low administration costs... WELL the truth of the matter is MEDICARE does NOT process one single CLAIM!
YOU have NO idea about this but in 2003 part of Bush's modernization ACT of Medicare streamlined from 200 distinct contractors that processed the 1 billion Medicare claims to 9 companies today !
THEY process the claims... MEDICARE doesn't!
So the myth about Medicare "lower claim processing" cost is just THAT!
They don't have any processing cost cause they don't do any idiot!
Here is the list of the top 25 industries and their profit margins BEFORE TAXES
Fortune 500 2009: Top Performers - Most Profitable Industries: Return on Revenues
Top industries: Most profitable 2008 Profits as % of Revenues
1 Network and Other Communications Equipment 20.4%
2 Internet Services and Retailing 19.4
3 Pharmaceuticals 19.3
4 Medical Products and Equipment 16.3
5 Railroads 12.6
6 Financial Data Services 11.7
7 Mining, Crude-Oil production 11.5
8 Securities 10.7
9 Oil and Gas Equipment, Services 10.2
10 Scientific, Photographic, and Control Equipment 9.9
11 Household and Personal Products 8.7
12 Utilities: Gas and Electric 8.7
13 Aerospace and Defense 7.6
14 Food Services 7.1
15 Industrial Machinery 6.9
16 Food Consumer Products 6.7
17 Electronics, Electrical Equipment 6.5
18 Commercial Banks 5.2
19 Telecommunications 5.1
20 Chemicals 5.0
21 Construction and Farm Machinery 5.0
22 Insurance: Life, Health (stock) 4.6
23 Information Technology Services 4.5
24 Computers, Office Equipment 4.3
25 Metals 3.9
NOTE insurance is #22! of 25!! NET Profits!
SO idiot if the average medical loss ratio is 80% THE NET profit is 4.6%
DO the math idiot... 15.4% for ADMINISTRATION dumb F...k.........!
NOW again here is the abbreviate financial report for