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FACT CHECK: Health insurer profits not so fat


Posted: Oct 27, 2009

An interesting article. 

 

http://apnews.myway.com/article/20091025/D9BI4D6O1.html

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Number 1: This is just a numbers game. (sm) - Nikki

[ In Reply To ..]
None of it means anything unless we know what the percentages are OF. For example, if my company is worth $8.00, then my profit number in DOLLARS is going to be much less than if my company is worth 8 BILLION dollars.

#2: Nobody NEEDS these other products mentioned and can choose to not purchase them. Healthcare is a NEED, sometimes literally a life and death situation.

#3: These healthcare executives are making their "bonuses" by finding inventive ways of refusing to pay claims for sick people. What other executives "earn" high profits for refusing to provide service to the client?

The reason the stockholders' profits are not....sm - oldtimer

[ In Reply To ..]
bigger are the huge CEO bonuses and salaries and the spending of millions to lobby against health care reform.

BINGO! (sm) - Nikki

[ In Reply To ..]

The most important reason of all.  Thanks, oldtimer. Smile


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