Comments on: The Outrageous Profits Of Insurance Companies

By: Blake

Blake — Mon, 26 Oct 2009 23:31:41 +0000

In Forbes, the health insurance industry had an overall profit margin of 2.2%, ranked 23rd behind almost every techie company- so I have to wonder where the “obscene” profits are coming into play here.
Gee, it seems like some libbies are playing the “demonization” game again- they are so bad-
So who’s next to be demonized?
I suppose the Coal industry, or energy companies- but certainly not the “compassionate, I can feel your pain” Liberal communist- whoops- didn’t mean to call it like it is, how absolutely gauche of me- liberal, really, really liberal (to the point of being Marxist) democrats.
Oh no- they can not be blamed for a “pre-existing “condition” “- they are as innocent as newborn babes, or is it “killed near- term fetuses”?
I can never learn to talk lib.
Darn.

By: Blake

Blake — Mon, 26 Oct 2009 13:24:26 +0000

No, that is just how liberals think- they have to have an enemy, because they are ideologically bankrupt- and if they have no ideas, they need something to focus people’s attention away from their failings.
Plus, if they have an enemy, the people will vote themselves bread and circuses everytime-
Just demonize big business- it works really well with dumb people.

By: Monday Morning.. « Maddmedic

Monday Morning.. « Maddmedic — Mon, 26 Oct 2009 12:53:59 +0000

[...] here at Big Dog’s Weblog is an article about Nancy Pelosi attacking the profits of insurance [...]

By: Mr Pink Eyes

Mr Pink Eyes — Mon, 26 Oct 2009 09:57:27 +0000

I like your comparison to the oil companies, it is right on the mark. The government makes more off of a gallon of gas than the oil companies do yet it is the oil companies that take the public relations hit. This is no different, it is class warfare. Pitting one group of Americans against another. This is how we unite a country?

By: Barbara

Barbara — Mon, 26 Oct 2009 03:58:59 +0000

The dems will say anything to get their government plan through and it looks like that is going to happen. It looks like they have the 60 votes. I have Medicare and Carefirst BC/BS and I had just BC/BS until I retired. My premiums never went up that much. In fact it was not more than a few cents. BC/BS picks up my Medicare deductible and all my co-pays as well as the balance after Medicare pays. Why in the world would I want to get rid of this and have the government plan? However, this is probably what O’Malley will do to the state employees since he keeps spending money and now doesn’t have any .

By: Blake

Blake — Sun, 25 Oct 2009 22:30:39 +0000

With insurance companies, as with other companies, they have to make a profit- otherwise, its a damn expensive hobby, and they are in the business of risk.
Take, for example, this hurricane season- no damage to speak of- certainly not on the level of Katrina or Rita, or even Ike. And yet these companies have to act like the next great tragedy is just around the corner, because it is- and despite their exemptions, they still pay out a lot of money after one of these events- and they lose money doing so.
It is a risk- two or three years of bad things, and they might not survive. A hurricane or two, and earthquake in Cal., and a devastating flood in the midwest, and they are hurting.
So they build up their reserves and pray for calm weather and following seas, because they know- history shows us, that another tragedy is just around the corner, and often come in clusters. And the libs want to take the insurance “windfall” profits for themselves?
They are hoarding their profits, because they know they will have to part with them when another catastrophe strikes.
To take this buffer of money from insurance companies will ensure that they do not survive a cataclysmic event.
Then what are the people to do, with no money at all to rebuild?
Sometimes, you do not mess with the system, because to do so is irresponsible to everyone else,
Such is the case here.