Interesting how you, on one hand say that you don't trust the insurance execs and at the same time, your an apologist for them and deny that they put profits over people.
I'm doing neither. I'm not an apologist for the insurance companies, and I'm not denying they put "profits over people". I'm explaining to you how insurance works. It's not a charity. It's not socialism. It's not your caretaker. Asking insurance companies to fill those roles is dumb.
Hmmm, don't insurance companies practice the very concept of socialism within it's program offered ??? Otherwise a pool or pools are created, and in these pools everyone is gathered together in order to take care of each other by way of the insurance staff managing the pool for it's customers.. Otherwise, (the healthiest then paying into the pool takes care of the sick who are placed into the pool as well right) ????
You know socialism may not exist in everything, but it sure does exist in this country, and it is found in operation in government, in companies, and in corporations through in and through out.
It's just that if it becomes an unhealthy dosage as with any drug, then it kills it's host or causes an eventual self destruct mode or countdown to begin.
That a backward way of looking at it. Insurance pools are not created with the idea of health people paying for the unhealthy.
Insurance pools, look at the probable risk, and compare that risk to possible loss, and then charge a relative premium to offset that risk.
It has nothing to do with socialism. It is a free-market voluntary exchange, where a company charges premiums, to take on the burden of the risk.
Moreover, your comparison would only apply to specifically company insurance policies, which only exist because the government created such a system.
In a free market insurance system, no 'pool' exists. For example, I have private insurance right now. There is no 'pool' that I am in. I simply have a policy that covers just me.
Which is the way it should be. Everyone should have private non-employer provided insurance.
I don't think so. If you have individual insurance, you're part of an insurance pool. Some of your premiums will go to cover others making claims and some will go to profit.
No, it's not a pool.
Now does the company, maybe take money from me to pay claims of others?
Well sure. That's called "insurance". If you have car insurance, and your neighbor wrecks his car, and you don't.... some of your car insurance premiums might go to your neighbors car repair.
Similarly, if we both have life insurance, and my neighbor dies, some of my life insurance premiums could go to his widow.
So what? That isn't socialism... because he paid for that service, just like I paid for that service. It's not to each according to their need. My neighbor is any engineer that makes a 6-figure income, and I make $25K. Yet if we have similar cars and similar driving history, our premiums will be similar. Equally if he crashes and I don't, he'll get money according to policy, and I won't.
Just like life insurance. His widow could be filthy rich, but if he dies and I don't, she gets the money, and I don't.
And the fact is, every business could be looked at the same way. If you buy a car, and your neighbor buys a car.... it is highly likely that some of the money you spent, was used to make your neighbors cars. How do you think they built your neighbors car? You think they built it with your neighbors money? Because they didn't have his money, until he bought the completely car. So the money they used to build that car... came from you.
So it must be socialism! No it is not.
And lastly, you say profit like that is bad. I profit from working. Nearly all people do. If they didn't, they wouldn't work.
And where do you think jobs are created from? Profits. You show me the non-government funded company, that created millions of jobs, with zero profits. Good luck with that.
Profits are good. If a company doesn't have profits, then it doesn't exist, and where would you get insurance then?
Lets say that you create a law, that says that hospitals are not allowed by law, to make a profit. The buildings heating system breaks down in the middle of winter. Where do they get the money to fix the heating system? They simply don't. Because where you get the money to fund building maintenance, is through profits. No profits, then you have no heat when the HVAC breaks down.
This is why in France, they had people inside the hospital dying of heat stroke, during heat wave... because they didn't have air conditioning.
Well how do you propose to pay for air conditioning, when you have no profits to use for those kinds of improvements?
And lastly......
One thing that blows my mind, is that left-wingers think that "profits" is an argument. If someone provides me a good or service, that is worth the money, they should profit from it. So "profits" is not evil.
But more importantly than that, left-wingers must live in a blind dumb and stupid utopian world, if they think that having a socialized system means there are no profits. There are most certainly profits in a socialist system.
It's just that instead of the public benefiting from those profits, only the elite in government and their political supporters profit from it.
See, with walmart, I own stock in walmart... so I personally as a private citizen, benefit from those profits.
But if walmart was socialized.... would there be no profits? Sure there would.... just not for the public. It would be their political supporters. Just like AOC had money funneled through a political action group, and then back to her boyfriend. Just like Hillary Clinton had money funneled to the Women's Hall of Fame, which then shockingly inducted Hillary into the Women's Hall of Fame. Just like Obama sent billions to green energy groups like Solyondra, who collected the money and disappeared. Just like Clinton was giving out favors for Enron. Just like Harris was named porker of the year, after proposing programs that could cost tax payers up to $78 Billion dollars, in programs that went to her political supporters.
And by the way, do not think that you are not creating rich fat cat wealthy people, with your socialism.
Just like the Castros are wealthy while cubans are poor (with their free health care)... or Venezuelians are poor while the Maduro administration is rich, and putting oil money in off shore accounts (with their free health care), or the elites of China, or former Soviet Russia, or North Korea.
All of them have free government everything, while the people live in poverty, and the elite live life extravagantly in government.
Similarly, putting government in charge of health care, doesn't mean the rich fat cats will have to live like the rest of us. NO, they will be rich wealthy people, while we pay the taxes to fund them.
Top 100 Most Well-Paid Employees
Head of the food and drug administration, makes just under $400,000 a year. And unlike a CEO, who generally takes most of their pay in stock options... this is cold hard tax payer cash.
Are you ready to pay double your tax rate, so they can give you a waiting list, while they collect $400K a year off your working butt?
I'll take the average CEO over that, any day.
