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Peter[_14_]

On 5/28/2010 7:50 AM, wrote:
On May 27, 11:37 am, "Percival P.
wrote:
On 05/27/10 10:48 am, HeyBub wrote:

,,, There is no enterprise, health care,
education, etc., that cannot be done cheaper and better by private industry.
Take education, for example. No amount of money can improve it as long as it
remains primarily a government purview.

And in many European countries with universal heath care insurance
coverage is provided by private companies, but costs are controlled --
typically by capping the profits that can be made on basic coverage.

What total nonsense. Take a look at the profits of any of the health
insurance companies and the profit is miniscule compared to the total
premiums collected, benefits paid out, etc. In fact, it averages a
mere few percent of revenues across the insurance industry.

I think not. If what you were saying were true, why would there be a clause in
the recently enacted health care reform legislation that mandates that the
health insurance companies spend at least 85% of their income on payments to
beneficiaries for health care delivery? The facts can be stubborn! Many
companies were spending more than 15% of the premiums they receive on profits,
marketing, perks for the top corporate execs, etc. Not exactly consistent with
your claim that their profit is "miniscule compared to the total premiums
collected."