Central Bank made 52 BILLION - Insurance CO. Profits up 56%

[rdean]

Report: Top five insurers made $12 billion in profits last year, dropped 2.7 million people

The report finds that the top five largest for-profit insurance companies increased their profits by $12.2 billion last year while dropping coverage for 2.7 million Americans.

Report: Top five insurers made $12 billion in profits last year, dropped 2.7 million people - Live Pulse - POLITICO.com

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Can you believe it? The economy is floundering and Insurance Companies make 56% MORE than last year by dropping sick people. And that was only FIVE companies. GO REPUBLICANS! YOU SHOULD BE OH SO HAPPY!

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Fed Profit: $52 Billion in 2009 - CBS MoneyWatch.com

Central Bank made a 52 Billion Dollar Profit from Obama's lending. The money is being turned over to the treasury.

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Good news for now, but could be offset later by selling shaky investments.

 

[rdean]

This is a thread the right will avoid like the plague.

Obama making money for the US. Republicans freak over that.

Insurance companies making record profits when people are hurting. For Republicans, that's a "good" thing. Their corporate God is alive and well and screwing us over.

 

[CrusaderFrank]

Report: Top five insurers made $12 billion in profits last year, dropped 2.7 million people

The report finds that the top five largest for-profit insurance companies increased their profits by $12.2 billion last year while dropping coverage for 2.7 million Americans.

Report: Top five insurers made $12 billion in profits last year, dropped 2.7 million people - Live Pulse - POLITICO.com

------------------------

Can you believe it? The economy is floundering and Insurance Companies make 56% MORE than last year by dropping sick people. And that was only FIVE companies. GO REPUBLICANS! YOU SHOULD BE OH SO HAPPY!

------------------------

Fed Profit: $52 Billion in 2009 - CBS MoneyWatch.com

Central Bank made a 52 Billion Dollar Profit from Obama's lending. The money is being turned over to the treasury.

------------------------

Good news for now, but could be offset later by selling shaky investments.

What does "dropping coverage" mean? Does it mean they got coverage elsewhere?

Also, I never believed the Fed numbers, they did $2 trillion of "off balance sheet" financing so the $52B number seem ridiculously LOW...they need to be audited immediately

 

[FireGod]

That is what the insurance companies are there for MAKING PROFIT. By free market standards they are rocking. Anyone who thinks otherwise is just silly. Insurance companies do not give a rats ass about the people they cover till the claims start coming in and then well too bad you are now a liability rather than an asset. One thing that is often forgotten is that a company has no morals, it is in the business of making money however it can.

 

[FireGod]

What does "dropping coverage" mean? Does it mean they got coverage elsewhere?

Dropping coverage means that the company fired those customers who were costing the company money or could no longer afford to pay the latest rate hike. A great move on the companies part.

 

[Zona]

Report: Top five insurers made $12 billion in profits last year, dropped 2.7 million people

The report finds that the top five largest for-profit insurance companies increased their profits by $12.2 billion last year while dropping coverage for 2.7 million Americans.

Report: Top five insurers made $12 billion in profits last year, dropped 2.7 million people - Live Pulse - POLITICO.com

------------------------

Can you believe it? The economy is floundering and Insurance Companies make 56% MORE than last year by dropping sick people. And that was only FIVE companies. GO REPUBLICANS! YOU SHOULD BE OH SO HAPPY!

------------------------

Fed Profit: $52 Billion in 2009 - CBS MoneyWatch.com

Central Bank made a 52 Billion Dollar Profit from Obama's lending. The money is being turned over to the treasury.

------------------------

Good news for now, but could be offset later by selling shaky investments.

Capitalism...........if it aint broke, dont fix it. Right republicans?

 

[Toro]

Central Bank made a 52 Billion Dollar Profit from Obama's lending. The money is being turned over to the treasury.

------------------------

Good news for now, but could be offset later by selling shaky investments.

I believe that is a record. The Fed made $40+ billion the year prior.

Most of that does not have to do with Obama or Bush (and it was Bush who passed the TARP, wisely). Rather, the normal course of business generates most of that profit.

But you are correct. The Fed may lose money on its holdings in the future.

 

[blu]

if there is a hell, insurance executives will be in the center pit. most of them have sold their souls to satan anyway

 

[eagleseven]

Report: Top five insurers made $12 billion in profits last year, dropped 2.7 million people - Live Pulse - POLITICO.com

Fed Profit: $52 Billion in 2009 - CBS MoneyWatch.com

The entity that prints US$ is making more profit than the entire healthcare insurance industry combined...and this doesn't concern you?

*facepalm*


A country is f*cked when its most profitable industry is money-printing.

 

[The Rabbi]

Maybe we should put the Fed in charge of health care. They are the only part of the gov't that can generate a profit.

 

[ScreamingEagle]

Maybe we should put the Fed in charge of health care. They are the only part of the gov't that can generate a profit.

Which part of the government would that be...?

 

[rdean]

Maybe we should put the Fed in charge of health care. They are the only part of the gov't that can generate a profit.

Which part of the government would that be...?

Don't pay attention to the morons. It only makes them believe they have something meaningful to say.

 

[rdean]

Report: Top five insurers made $12 billion in profits last year, dropped 2.7 million people

The report finds that the top five largest for-profit insurance companies increased their profits by $12.2 billion last year while dropping coverage for 2.7 million Americans.

Report: Top five insurers made $12 billion in profits last year, dropped 2.7 million people - Live Pulse - POLITICO.com

------------------------

Can you believe it? The economy is floundering and Insurance Companies make 56% MORE than last year by dropping sick people. And that was only FIVE companies. GO REPUBLICANS! YOU SHOULD BE OH SO HAPPY!

------------------------

Fed Profit: $52 Billion in 2009 - CBS MoneyWatch.com

Central Bank made a 52 Billion Dollar Profit from Obama's lending. The money is being turned over to the treasury.

------------------------

Good news for now, but could be offset later by selling shaky investments.

What does "dropping coverage" mean? Does it mean they got coverage elsewhere?

Also, I never believed the Fed numbers, they did $2 trillion of "off balance sheet" financing so the $52B number seem ridiculously LOW...they need to be audited immediately

Americans always have coverage. It's called the "emergency room" and it cost ten times or more than regular health care.

 

[groupthink]

poor insurance and banks... i feel really bad for them... all these profits has got to be stressfull.