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Health insurance industry rakes in billions while blaming Obamacare for losses Major insurance companies are enjoying record profits but claim they are losing money under the Affordable Care Act

 

Sick, elderly, and/or poor people who actually need health insurance are ruining Obamacare for the rest of us, if a common mantra of the health insurance industry is to be believed.

While not wording it quite as harshly, the health insurance industry has said that Affordable Care Act customers are making heavy use of medical services, more than the industry anticipated, costing health insurance companies revenue and explaining next year’s premium increases.

People who need Obamacare and who do not qualify for any government subsidies are expected to pay the price, as a recent report from the U.S. Department of Health and Human Services shows that premiums for policies sold on the Healthcare.gov exchanges are rising at a national average of 25% next year.

The premium increases follow months of major insurance companies groaning about financial losses thanks to Obamacare customers. In March 2016, insurer Blue Cross Blue Shield published a report stating that people who signed up for health insurance under the Affordable Care Act have higher rates of certain diseases “than individuals who had BCBS individual coverage prior to health care reform.”

A Blue Cross Blue Shield lobbyist quoted in an accompanying press release suggests that customers are visiting the emergency room excessively, among other problems. “Better communication and coordination is needed so that everyone understands how to avoid unnecessary emergency room visits, make full use of primary care and preventive services and learn how to properly adhere to their medications,” she says.

The month after the BCBS report was published, UnitedHealth, the nation’s largest insurer, announced that it was leaving almost all of the Obamacare markets due to the high expense of insuring patients. Aetna, the nation’s third largest insurer, followed suit this summer. “[Aetna] Chief executive Mark Bertolini said in a statement that there are not enough healthy people to financially offset those with major health problems who require high-cost care,” reported the Washington Post.
As with other major policy problems, millennials are also accused of making things worse. Consider all the young, healthy people who don’t want to pay for any insurance because they realized it’s much cheaper to just pay the penalty. The number of healthy people opting to go without coverage “helps explain why insurers are worried about the financial viability of the exchanges over time,” according to a New York Times report published earlier this year.
The refusal to expand Medicaid
Luckily for people in some states, policy analysts note that the premium increases won’t be distributed across the country equally.
“The story in California is really different,” Amy Adams, a senior program officer with the California Health Care Foundation, tells ConsumerAffairs. In California, premiums are only rising 13 percent next year, a relatively modest increase compared to the national average.
Adams and others credit the expansion of Medicaid with keeping Affordable Care Act premiums lower in California. They blame states that refused to accept federal money and expand Medicaid for bringing more sick people into the Affordable Care Act risk pool and driving costs up.
“We chose to expand Medicaid and we expanded it early,” which kept low-income people who may require more medical services out of the Marketplace risk pool, Adams says. In addition, California in 2014 banned insurers from selling plans that were less comprehensive than federal requirements, even as other states continued to do so."That made one big risk pool in California. So there was a lot more security and stability for the insurers."

In places like Texas, meanwhile, where state lawmakers have refused to take federal money to expand Medicaid, premiums are expected to rise by 30%, according to some estimates.

Record profits

But the claim that corporations are losing money on Obamacare ignores the record-breaking profits and compensation packages that health insurers continue to collect.

Consider UnitedHealth, the nation's largest health insurer that is leaving the marketplace next year. UnitedHealth claims that Obamacare has reduced its 2016 earnings by $850 million. While they might have $850 million less than they wanted, UntedHealth’s profits are still soaring.
In fact, UnitedHealth announced record-breaking profits in 2015, followed by an even better year this year. In July 2016, UnitedHealth celebrated revenues that quarter totalling $46.5 billion, an increase of $10 billion since the same time last year. And company filings show that UnitedHealth’s CEO Stephen J. Hemsley made over $20 million in 2015. To be fair, that is a pay cut. The previous year, in 2014, Hemsley took home $66 million in compensation.
"If you look at our Proxy, the Board lays out in extensive detail, in great detail, the thinking behind both CEO and executive compensation,” UnitedHealth executive Don Nathan tells ConsumerAffairs.

“At his request, Mr. Hemsley’s total compensation is below the median for CEOs in the Company’s peer group,” the proxy statement says, “even though the Board believes his performance has been outstanding."

In other words, Hemsley is far from being the only health insurance CEO making millions of dollars every year.

Sky-high profits
Aetna, whose CEO Mark Bertolini reported to the Securities and Exchange Commission a $27.9 million compensation in 2015, has similarly celebrated sky-high profits. “In 2015, we reported annual operating revenue of over $60.3 billion, a record for the Company,” Aetna recently told investors.

Aetna spokesman T.J. Crawford wrote a brief statement to ConsumerAffairs describing the company's losses under Obamacare: “As updated on our Q3 earnings call last week, we now expect a 2016 pretax loss in our individual products (on- and off-exchange) of approximately $350 million,” he said via email, otherwise directing questions to a company press release.

Thanks to the insurance industry’s combination of record profits in recent years and increasing premiums, people on both sides of the political aisle have criticized the Affordable Care Act as being more beneficial to the insurance industry than consumers, though politicians remain deeply divided on what a good, viable alternative would entail.
“Given this dysfunctional reality under the ACA, it’s remarkable that neither major political party has a plan to truly fix the situation,” wrote Dr. John Geyman, a professor and past president of Physicians for a National Health Program, a nonprofit advocating for a single-payer national health insurance program, in a recent column.

Meanwhile, Amy Adams, the program officer from the California Health Care Foundation, is optimistic that many consumers will not be stuck footing the bill for next year’s premium increases. She notes that people who qualify for government subsidies under the Affordable Care Act will not actually be paying the higher premiums. And neither, of course, will the people who receive coverage through their employer.

“I don’t think this a death spiral for the exchanges, I don’t think the sky is falling,” she says.

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then you have this racist IDIOT

 

 

 

 

JTZilla

the government steals money from me to buy insurance for you,,, not fair not right and i refuse to comply anymore,, thats why i did not buy obamacare and since no health problems i have saved mega dollars... Im buying a new boat with the money i have saved... fuck obama , fuck obamacare and fuck all you libs !!!!

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Nationalized, single-payer health care is the only way we'll ever see any kind of true and meaningful reform of this crooked, broken system. Nationalized health care works, and works very well (despite claims to the contrary by the insurance industry and those politicians on the political right whom they long ago bought and paid for) in every other major nation in the world. Let that sink in for a moment. EVERY major nation in the world has a system of government provided health care for its citizens -- except one, and that one is US. This includes all of Western Europe as well as Canada, Australia and every other major nation. If the profit-based system we currently have is so superior, then why are we the only nation to still use it? Why hasn't there been a mad rush by all other nations to scrap their nationalized systems and adopt ours instead? The answer is simple, as described by a gentleman from England whom I recently discussed this with. He said that if Britain dropped their system and switched to anything resembling ours there would be "rioting in the streets". He further said that no one in Europe can understand why American citizens continue to tolerate the system we have. Straight from the horse's mouth, so to speak, from a man who actually KNOWS how their systems work, not just the propaganda that we in America have been spoon-fed for decades.

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Nationalized, single-payer health care is the only way we'll ever see any kind of true and meaningful reform of this crooked, broken system. Nationalized health care works, and works very well (despite claims to the contrary by the insurance industry and those politicians on the political right whom they long ago bought and paid for) in every other major nation in the world. Let that sink in for a moment. EVERY major nation in the world has a system of government provided health care for its citizens -- except one, and that one is US. This includes all of Western Europe as well as Canada, Australia and every other major nation. If the profit-based system we currently have is so superior, then why are we the only nation to still use it? Why hasn't there been a mad rush by all other nations to scrap their nationalized systems and adopt ours instead? The answer is simple, as described by a gentleman from England whom I recently discussed this with. He said that if Britain dropped their system and switched to anything resembling ours there would be "rioting in the streets". He further said that no one in Europe can understand why American citizens continue to tolerate the system we have. Straight from the horse's mouth, so to speak, from a man who actually KNOWS how their systems work, not just the propaganda that we in America have been spoon-fed for decades.

Insurance companies made even more after Obamacare kicked in.

 

 

You're not very informed are you benson.

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then you have this racist IDIOT

 

 

 

 

JTZilla

the government steals money from me to buy insurance for you,,, not fair not right and i refuse to comply anymore,, thats why i did not buy obamacare and since no health problems i have saved mega dollars... Im buying a new boat with the money i have saved... fuck obama , fuck obamacare and fuck all you libs !!!!

benny explain why the government takes money from working Americans to provide you with health care cost.

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Health insurance industry rakes in billions while blaming Obamacare for losses Major insurance companies are enjoying record profits but claim they are losing money under the Affordable Care Act

 

Sick, elderly, and/or poor people who actually need health insurance are ruining Obamacare for the rest of us, if a common mantra of the health insurance industry is to be believed.

While not wording it quite as harshly, the health insurance industry has said that Affordable Care Act customers are making heavy use of medical services, more than the industry anticipated, costing health insurance companies revenue and explaining next year’s premium increases.

People who need Obamacare and who do not qualify for any government subsidies are expected to pay the price, as a recent report from the U.S. Department of Health and Human Services shows that premiums for policies sold on the Healthcare.gov exchanges are rising at a national average of 25% next year.

The premium increases follow months of major insurance companies groaning about financial losses thanks to Obamacare customers. In March 2016, insurer Blue Cross Blue Shield published a report stating that people who signed up for health insurance under the Affordable Care Act have higher rates of certain diseases “than individuals who had BCBS individual coverage prior to health care reform.”

A Blue Cross Blue Shield lobbyist quoted in an accompanying press release suggests that customers are visiting the emergency room excessively, among other problems. “Better communication and coordination is needed so that everyone understands how to avoid unnecessary emergency room visits, make full use of primary care and preventive services and learn how to properly adhere to their medications,” she says.

The month after the BCBS report was published, UnitedHealth, the nation’s largest insurer, announced that it was leaving almost all of the Obamacare markets due to the high expense of insuring patients. Aetna, the nation’s third largest insurer, followed suit this summer. “[Aetna] Chief executive Mark Bertolini said in a statement that there are not enough healthy people to financially offset those with major health problems who require high-cost care,” reported the Washington Post.
As with other major policy problems, millennials are also accused of making things worse. Consider all the young, healthy people who don’t want to pay for any insurance because they realized it’s much cheaper to just pay the penalty. The number of healthy people opting to go without coverage “helps explain why insurers are worried about the financial viability of the exchanges over time,” according to a New York Times report published earlier this year.
The refusal to expand Medicaid
Luckily for people in some states, policy analysts note that the premium increases won’t be distributed across the country equally.
“The story in California is really different,” Amy Adams, a senior program officer with the California Health Care Foundation, tells ConsumerAffairs. In California, premiums are only rising 13 percent next year, a relatively modest increase compared to the national average.
Adams and others credit the expansion of Medicaid with keeping Affordable Care Act premiums lower in California. They blame states that refused to accept federal money and expand Medicaid for bringing more sick people into the Affordable Care Act risk pool and driving costs up.
“We chose to expand Medicaid and we expanded it early,” which kept low-income people who may require more medical services out of the Marketplace risk pool, Adams says. In addition, California in 2014 banned insurers from selling plans that were less comprehensive than federal requirements, even as other states continued to do so."That made one big risk pool in California. So there was a lot more security and stability for the insurers."

In places like Texas, meanwhile, where state lawmakers have refused to take federal money to expand Medicaid, premiums are expected to rise by 30%, according to some estimates.

Record profits

But the claim that corporations are losing money on Obamacare ignores the record-breaking profits and compensation packages that health insurers continue to collect.

Consider UnitedHealth, the nation's largest health insurer that is leaving the marketplace next year. UnitedHealth claims that Obamacare has reduced its 2016 earnings by $850 million. While they might have $850 million less than they wanted, UntedHealth’s profits are still soaring.
In fact, UnitedHealth announced record-breaking profits in 2015, followed by an even better year this year. In July 2016, UnitedHealth celebrated revenues that quarter totalling $46.5 billion, an increase of $10 billion since the same time last year. And company filings show that UnitedHealth’s CEO Stephen J. Hemsley made over $20 million in 2015. To be fair, that is a pay cut. The previous year, in 2014, Hemsley took home $66 million in compensation.
"If you look at our Proxy, the Board lays out in extensive detail, in great detail, the thinking behind both CEO and executive compensation,” UnitedHealth executive Don Nathan tells ConsumerAffairs.

“At his request, Mr. Hemsley’s total compensation is below the median for CEOs in the Company’s peer group,” the proxy statement says, “even though the Board believes his performance has been outstanding."

In other words, Hemsley is far from being the only health insurance CEO making millions of dollars every year.

Sky-high profits
Aetna, whose CEO Mark Bertolini reported to the Securities and Exchange Commission a $27.9 million compensation in 2015, has similarly celebrated sky-high profits. “In 2015, we reported annual operating revenue of over $60.3 billion, a record for the Company,” Aetna recently told investors.

Aetna spokesman T.J. Crawford wrote a brief statement to ConsumerAffairs describing the company's losses under Obamacare: “As updated on our Q3 earnings call last week, we now expect a 2016 pretax loss in our individual products (on- and off-exchange) of approximately $350 million,” he said via email, otherwise directing questions to a company press release.

Thanks to the insurance industry’s combination of record profits in recent years and increasing premiums, people on both sides of the political aisle have criticized the Affordable Care Act as being more beneficial to the insurance industry than consumers, though politicians remain deeply divided on what a good, viable alternative would entail.
“Given this dysfunctional reality under the ACA, it’s remarkable that neither major political party has a plan to truly fix the situation,” wrote Dr. John Geyman, a professor and past president of Physicians for a National Health Program, a nonprofit advocating for a single-payer national health insurance program, in a recent column.

Meanwhile, Amy Adams, the program officer from the California Health Care Foundation, is optimistic that many consumers will not be stuck footing the bill for next year’s premium increases. She notes that people who qualify for government subsidies under the Affordable Care Act will not actually be paying the higher premiums. And neither, of course, will the people who receive coverage through their employer.

“I don’t think this a death spiral for the exchanges, I don’t think the sky is falling,” she says.

 

If there are record profits, there is room for a bunch of liberal pussies such as yourself to start up and manage a health insurance company. Do YOU know why you think your business would fail?

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Blame all increases on the 1,300 - 2,000 medical insurance providers. The industry that hands out multi -million dollar retirement bonus packages and shells out plenty to campaign cookie jars and supports 8 lobbyists per elected official on capitol hill.

 

Why is it no one never pisses and moans about expenditures that have nothing to do with healthcare?

 

===========================================================================

 

MEANWHILE:

 

Wilkes Barre Labor Council and Two USW Locals Endorse HR 676

The Greater Wilkes Barre Labor Council and two United Steelworkers locals in Wilkes Barre, Pennsylvania, have endorsed Congressman John Conyers’ HR 676, national single payer health care legislation, Expanded and Improved Medicare for All.

The Labor Council, comprised of 47 locals from 28 unions representing 10,000 members, endorsed HR 676 at their monthly meeting on December 22, 2016, becoming the 152nd central labor council to take this action.

The two USW locals together have more than 1,650 members. USW Local 5652, an amalgamated local, represents workers in a variety of jobs including making shelving and heating cabinets for restaurants, manufacturing gears for airplanes, repairing utility trucks, and working at a correspondence school.

USW Local 15253 represents workers who do heavy highway construction from the Maryland border to the New York border and from the New Jersey border to the middle of Pennsylvania.

William Herbert, Treasurer of Local 5652 said “We’ve been getting ripped off by insurance companies.” He told of the crises faced by even heart attack patients who are confronted with demands for up front payments as high as $1,700. Herbert worked successfully to get his Congressperson, Matt Cartwright, to sign on to HR 676.

Herbert made the following statement on behalf of his local:

“USW Local 5652 passed a resolution calling on Congress to pass H.R. 676. For too long the insurance and pharmaceutical industries have been charging outrageous prices for their products. The bill would extend Medicare to everyone and eliminate co-pays and deductibles. We feel that this is the only way to insure health care for all Americans. If this bill passed, we would no longer need to negotiate for health care in our contracts. If an employee gets laid off his insurance would continue at the same level. We urge all Americans to call their Representatives in Congress and the Senate and ask them to pass H.R. 676.”

The HR 676 endorsement resolutions were signed by President Dave Brandt of Local 5652 and President Joseph M. Padavan of Local 15253. Padavan is also president of the Greater Wilkes Barre Labor Council.


Issued by:


Kay Tillow, Coordinator

All Unions Committee for Single Payer Health Care--HR 676
c/o Nurses Professional Organization (NPO)
1169 Eastern Parkway, Suite 2218
Louisville, KY 40217
(502) 636 1551

Email: nursenpo@aol.com
http://unionsforsinglepayer.org
https://www.facebook.com/unionsforsinglepayer

HR 676 would institute a single payer health care system by expanding a
greatly improved Medicare to everyone residing in the U. S. Patients will
choose their own physicians and hospitals.

HR 676 would cover every person for all necessary medical care including
prescription drugs, hospital, surgical, outpatient services, primary and
preventive care, emergency services, dental (including oral surgery,
periodontics, endodontics), mental health, home health, physical therapy,
rehabilitation (including for substance abuse), vision care and correction,
hearing services including hearing aids, chiropractic, durable medical
equipment, palliative care, podiatric care, and long term care.

HR 676 ends deductibles and co-payments. HR 676 would save hundreds of
billions annually by eliminating the high overhead and profits of the
private health insurance industry.

In the current Congress, HR 676 has 62 co-sponsors in addition to
Congressman Conyers.

HR 676 has been endorsed by 627 union organizations including 152 Central
Labor Councils/Area Labor Federations and 44 state AFL-CIO's (KY, PA, CT,
OH, DE, ND, WA, SC, WY, VT, FL, WI, WV, SD, NC, MO, MN, ME, AR, MD-DC, TX,
IA, AZ, TN, OR, GA, OK, KS, CO, IN, AL, CA, AK, MI, MT, NE, NJ, NY, NV, MA,
RI, NH, ID).

The list of union endorsers.
The sample endorsement resolution.

01/04/17

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then you have this racist IDIOT

 

 

 

 

JTZilla

the government steals money from me to buy insurance for you,,, not fair not right and i refuse to comply anymore,, thats why i did not buy obamacare and since no health problems i have saved mega dollars... Im buying a new boat with the money i have saved... fuck obama , fuck obamacare and fuck all you libs !!!!

 

People in glass houses shouldn't throw stones Asshole. That makes you a H-Y-P-O-C-R-I-T-E!!!!!!!

 

 

benson-12/08/2006 11:54:18 AM (#5 of 19)

Fuck you N asshole.

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They are making so much money that they are dropping out of oblameocare. hahahahahaaa. If they keep making money at the rate they are there will be only company left and then the racist dems will call that company a monopoly. Dems are real stupid

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All insurance co. have been raking it in for years AH, where have you been. And they've been raking in double since Oblamo care. You and rest of Americans are paying for it. It's that liberal disorder of happiness that comes with a hint of "perceived" bad news
I have not talked to one Dr or healthcare provider that like it. Dr's have been leaving they're practices in droves, It now takes me six weeks to see a specialist that 10 years ago I could have seen the next day. So all the negatives about socialized medicine are coming to past and you AH's are to fk'n ignorant to comprehend it.

 

The only time you Leftist AHoles will ever learn anything is when somebody beats you over the head with a Sledge Hammer.

 

 

Leftists are the "we know best" people, meaning that they are intrinsically arrogant. And arrogance leads directly into authoritarianism


Blame all increases on the 1,300 - 2,000 medical insurance providers. The industry that hands out multi -million dollar retirement bonus packages and shells out plenty to campaign cookie jars and supports 8 lobbyists per elected official on capitol hill.

 

Why is it no one never pisses and moans about expenditures that have nothing to do with healthcare?

 

===========================================================================

 

MEANWHILE:

 

Wilkes Barre Labor Council and Two USW Locals Endorse HR 676

The Greater Wilkes Barre Labor Council and two United Steelworkers locals in Wilkes Barre, Pennsylvania, have endorsed Congressman John Conyers’ HR 676, national single payer health care legislation, Expanded and Improved Medicare for All.

The Labor Council, comprised of 47 locals from 28 unions representing 10,000 members, endorsed HR 676 at their monthly meeting on December 22, 2016, becoming the 152nd central labor council to take this action.

The two USW locals together have more than 1,650 members. USW Local 5652, an amalgamated local, represents workers in a variety of jobs including making shelving and heating cabinets for restaurants, manufacturing gears for airplanes, repairing utility trucks, and working at a correspondence school.

USW Local 15253 represents workers who do heavy highway construction from the Maryland border to the New York border and from the New Jersey border to the middle of Pennsylvania.

William Herbert, Treasurer of Local 5652 said “We’ve been getting ripped off by insurance companies.” He told of the crises faced by even heart attack patients who are confronted with demands for up front payments as high as $1,700. Herbert worked successfully to get his Congressperson, Matt Cartwright, to sign on to HR 676.

Herbert made the following statement on behalf of his local:

“USW Local 5652 passed a resolution calling on Congress to pass H.R. 676. For too long the insurance and pharmaceutical industries have been charging outrageous prices for their products. The bill would extend Medicare to everyone and eliminate co-pays and deductibles. We feel that this is the only way to insure health care for all Americans. If this bill passed, we would no longer need to negotiate for health care in our contracts. If an employee gets laid off his insurance would continue at the same level. We urge all Americans to call their Representatives in Congress and the Senate and ask them to pass H.R. 676.”

The HR 676 endorsement resolutions were signed by President Dave Brandt of Local 5652 and President Joseph M. Padavan of Local 15253. Padavan is also president of the Greater Wilkes Barre Labor Council.


Issued by:


Kay Tillow, Coordinator

All Unions Committee for Single Payer Health Care--HR 676
c/o Nurses Professional Organization (NPO)
1169 Eastern Parkway, Suite 2218
Louisville, KY 40217
(502) 636 1551

Email: nursenpo@aol.com
http://unionsforsinglepayer.org
https://www.facebook.com/unionsforsinglepayer

HR 676 would institute a single payer health care system by expanding a
greatly improved Medicare to everyone residing in the U. S. Patients will
choose their own physicians and hospitals.

HR 676 would cover every person for all necessary medical care including
prescription drugs, hospital, surgical, outpatient services, primary and
preventive care, emergency services, dental (including oral surgery,
periodontics, endodontics), mental health, home health, physical therapy,
rehabilitation (including for substance abuse), vision care and correction,
hearing services including hearing aids, chiropractic, durable medical
equipment, palliative care, podiatric care, and long term care.

HR 676 ends deductibles and co-payments. HR 676 would save hundreds of
billions annually by eliminating the high overhead and profits of the
private health insurance industry.

In the current Congress, HR 676 has 62 co-sponsors in addition to
Congressman Conyers.

HR 676 has been endorsed by 627 union organizations including 152 Central
Labor Councils/Area Labor Federations and 44 state AFL-CIO's (KY, PA, CT,
OH, DE, ND, WA, SC, WY, VT, FL, WI, WV, SD, NC, MO, MN, ME, AR, MD-DC, TX,
IA, AZ, TN, OR, GA, OK, KS, CO, IN, AL, CA, AK, MI, MT, NE, NJ, NY, NV, MA,
RI, NH, ID).

The list of union endorsers.
The sample endorsement resolution.

01/04/17

 

Come on Merrill the left are to ignorant to ever believe something republicans want is right for the country, we should all know that by now.

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you right wing fucks use lies

 

 

we use facts

 

"If you like your doctor, you can keep your doctor" - Fucking Lie!!!

"If you like your healthcare plan, you can keep your healthcare plan" - Fucking Lie!!

Left wing dipshits don't know a facts when they step in them....

 

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benny explain why the government takes money from working Americans to provide you with health care cost.

 

Sounds like you Teabaggers/Trumpoids are (obviously) in-need ANOTHER English-lesson.....

pandemic

: an occurrence in which a disease spreads very quickly and affects a large number of people over a wide area or throughout the world

https://www.merriam-webster.com/dictionary/pandemic

NO ONE has any desire to see the spread of Teabaggers'/Trumpoids' CreutzfeldtJakob disease.

silly-face-smiley-emoticon.gif

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They are making so much money that they are dropping out of oblameocare. hahahahahaaa. If they keep making money at the rate they are there will be only company left and then the racist dems will call that company a monopoly. Dems are real stupid

 

What a GREAT excuse.....for in$urance-companie$ to AVOID sharing their pain....with HO$PITAL$!!!!!

https://www.bloomberg.com/news/articles/2013-05-08/hospital-charges-vary-across-u-s-for-same-procedures

....aka One Hand Wa$hing Another

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Ins. Co's are so fat with money they don't need to be part of oblameocare. They are telling us by their actions that they have made enough money. Libbers should start a health insurance co and the money would just roll in. Lib. insurance co. could undercut all other insurance co. rates. They would make so much that in a matter of years dems could force them to give away health insurance for free.

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"If you like your doctor, you can keep your doctor" - Fucking Lie!!!

"If you like your healthcare plan, you can keep your healthcare plan" - Fucking Lie!!

Left wing dipshits don't know a facts when they step in them....

 

 

How often do you Teabaggers/Trumpoids need your noses rubbed-in-it?

http://articles.phil...-saving-surgery

*

http://www.dailykos....Off-Goes-My-Arm

*

http://money.cnn.com.../obamacare-job/

*

http://www.addicting...e-his-eyesight/

*

http://aattp.org/wat...-the-gop-video/

abbie_hoffman.jpg?w=600

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Anyone know what the profit MARGIN of health insurance companies is? Does it matter?

 

 

BILL MOYERS: Why is public insurance, a public option, so fiercely opposed by the industry?

 

WENDELL POTTER: The industry doesn't want to have any competitor. In fact, over the course of the last few years, has been shrinking the number of competitors through a lot of acquisitions and mergers. So first of all, they don't want any more competition period. They certainly don't want it from a government plan that might be operating more efficiently than they are, that they operate. The Medicare program that we have here is a government-run program that has administrative expenses that are like three percent or so.

 

BILL MOYERS: Compared to the industry's --

 

WENDELL POTTER: They spend about 20 cents of every premium dollar on overhead, which is administrative expense or profit. So they don't want to compete against a more efficient competitor.

http://www.pbs.org/moyers/journal/07102009/transcript2.html

 

Does it matter?

*

Libbers should start a health insurance co and the money would just roll in.

 

We're already there.

https://en.wikipedia.org/wiki/Medicare_(United_States)

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Conservatives are the reason Social Security and Medicare should be saved and left alone if not improved as necessary.

 

Conservative administrations kill employment,retirement plans,economies thus effectively wiping out medical coverage for millions upon millions.

 

SSI Fact NOT Fiction

http://www.socialsecurityworks.org/faq/

 

More SSI Fact NOT Fiction

http://www.dollarsandsense.org/archives/2005/0505orr.html

 

 

David Cay Johnson – Social Security Is Not Going Broke

http://blogs.reuters.com/david-cay-johnston/2012/05/04/social-security-is-not-going-broke/

 

SSI was a pay as you go system until 1984. SSI has been successful for 87 years. Now Wall Street wants SSI money flowing their way which would create a huge windfall for the very wealthy investors. This is fraud against the system and retirees.

 

It will cost taxpayers something like $4 trillion in new debt to convert to private accounts... more fraud. As usual debt means nothing to reckless conservatives once they become in charge. Supply Side Economics is based on big debt and reckless borrowing.

 

However retirees would not have all of their money at the moment they want to retire. Can SSI retirees afford to lose money? Of course not.

 

Remember only those who can afford to lose money play Wall Street.

 

Conservative administrations kill employment,retirement

plans,economies at the speed of light thus effectively wiping out medical coverage for millions upon millions.

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Oblameo doubled the debt of all previous presidents combined. Dems had no problem. Millennial dopes should be screaming for privatization. A small portion of your SS account ( amount to be negotiated) should be privatized. This account would be part of an estate, cannot be touched by the Gov. and could be left to anyone. The money in the account could be invested in Securities, Bonds, or even Bank Cd's. The money would not be required to be put into the markets, although over a 40 year period an investment in the S&P would return FAR MORE than anything you get from SS.

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