Republicans – Question: What are Health Care Companies good for?

Discussion in 'Healthcare/Insurance/Govt Healthcare' started by rdean, Mar 19, 2010.

  1. rdean
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    rdean rddean

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    I don’t understand the reason why Republicans work so hard to defend Health Care Insurance companies. They make their money by denying health care to the severely ill.

    They don’t make anything. They don’t build anything. They license doctors and hospitals. A “not for profit” co-op could do that. And you could pay the CEO of a co-op 10 million and still have a “high price” manager. Only you wouldn’t have so many administrative costs or stock options or corporate jets.

    That would free up all those other executives to do things like sell American Made products to other countries instead of figuring out new ways to “skim” money off insurance policies.

    That would drive down the cost of insurance.

    This morning on “Morning Joe” the guests talked about a company that moved to Canada. They were paying 7 dollars an hour more here just on health care. Salaries have been flat for the last 8 years because the cost of health care has gone up as benefits dwindled, moving that money for salaries into just paying for health care. In that same time, Insurance Company CEO Salaries have doubled or tripled if you include stock options and bonuses. The CEO of Cigna received a 73 million dollar bonus. The company has two corporate jets. Not bad for a company that makes its money by skimming insurance policies.

    So the question becomes, “What are the benefits from these companies?”
     
  2. Bern80
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    Bern80 Gold Member

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    Aren't your complaints true of any type of insurance, car, home owners, etc.? You're fooling yourself if you think the later are somehow more altruisitc than health insurance providers. So the real question is do you see a need for such a concept as insurance?

    As far as them not making anything or building anything, government doesn't do any of those things either, but for some reason you think it's a good idea for them to run health care.

    Personally I do see insurance as a neccessary evil and there are ways to make it cheaper. If we made insurance companies actually compete that would be a good start and deregulated insruance companies on the state level that would allow for greater customization of policies for the individual.

    The 'benefit' of health insurance or any insurance for that matter, is to be able to afford the unexpected/unplanned for. The other benefit of it is when those unexpected things happen generally it is going to cost more than what people have on hand to cover on their own. I was always told insurance is something that you have that hopefully you never have to use.
     
    Last edited: Mar 19, 2010
  3. Truthmatters
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    Truthmatters BANNED

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    Why do you insist one telling lies asshole?
     
  4. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    It's so sad to see the heartbreak of economic and business illiteracy on parade.

    Condolences to rdean and TM. Answering the OP questions would be like trying to explain a symphony to someone who was born deaf.
     
  5. Truthmatters
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    Tell us all how the stock market is responding to the likely pass of the healthcare bill Boody?
     
  6. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    The Mega-Corps are thrilled at the prospect of siphoning off taxpayer dollars via their cronyism with Big Government.

    It's clear that you don't get that Big Government colludes Mega-Corps at the expense of the smaller competitors who provide services at a lower cost. Such corporations use government to get rid of competition. Big Government in return gets the support to expand their control (which is what their goal always is).

    And you dim bulbs on the left don't get it.

    You rail about business being evil - yet are unable to distinguish the conditions which foster honest competition. What a pathetic group of useful idiots you are.
     
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  7. Bern80
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    Bern80 Gold Member

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    You don't think government should run health care?
     
  8. csbarry
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    csbarry I'm just getting started!

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    Any insurance company is out to make money. Who they make it for is the question. The answer is they make money for themselves, and by that I mean the executive management hierarchy, and the investors. As for the health insurance industry, there's an additional player, the medical community. A third of what you pay in premiums, if that, goes towards your personal care. The rest goes to those living off your hard earned dollar and living large. :neutral:
     
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    csbarry I'm just getting started!

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    Government doesn't need to run health care, they just need to change the rules.
     
  10. rdean
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    rdean rddean

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    I'm not so sure. If you don't own a car, you don't need automobile insurance, or if you don't own a home, likewise. But everyone gets sick. Anyone can get injured.

    On Morning Joe, they said only Insurance companies and "something else" (was it baseball?) were able to "fix prices" legally.

    If you allow insurance across state lines, the bigger companies will eat up the smaller ones and then you would end up with a few really big insurance companies that would jack up their prices because there would be no competition. I don't see that as a solution.

    No, the question is, "Why wouldn't a "co-op" work? They would be able to negotiate directly with the hospitals and doctors. No corporate jets. No 70 million dollar bonuses.
     

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