Health Insurers Post Record Profits
 

"Cliff" wrote in message
...
On Sun, 14 Feb 2010 10:34:43 -0600, "Burled Frau"
wrote:



"Cliff" wrote in message
. ..
On Sat, 13 Feb 2010 10:05:02 -0600, Lookout wrote:

On Sat, 13 Feb 2010 03:42:00 -0500, Cliff
wrote:


http://abcnews.go.com/Health/HealthC...ory?id=9818699
[
Health Insurers Post Record Profits
Insurance Firms Rake in Profits as They Cut Patients, Advocacy Group
Says
]
[
In the midst of a deep economic recession, America's health insurance
companies
increased their profits by 56 percent in 2009, a year that saw 2.7
million
people lose their private coverage.

The nation's five largest for-profit insurers closed 2009 with a
combined
profit
of $12.2 billion, according to a report by the advocacy group Health
Care
for
American Now (HCAN).
....
The HCAN report attributed this year's profits largely to insurers'
dropping
coverage of 2.7 million people, who then moved onto public insurance
plans such
as Medicaid.
]

And the conservatives think nothing is wrong.

Melanie Shouse died.
"Ms. Shouse requested that her body be cremated wearing her Obama
T-shirt."
--
Cliff


Cliff would prefer the alternative, where the insurance companies would
not
be able to make any payouts because of of no profits.

The Swiss insurance companies pay their claims. They have no profits.

If you understand how health care insurance works in the US, you recognize
that there are two ways for an insurance company to make more profit: Cut
down the size of their covered communities, leaving only the young and
healthy ones; or sit back and wait for health care costs to rise.

If you don't recognize those points, you don't understand how it works.

Oh, there's a potential third way, which the insurance companies may yet
accomplish: Get the government to mandate private coverage, with government
subsidies; fight off price controls; and then sit back and count your money.
This is an Idiot Policy that rips off the whole country, something like
Medicare Part D.

--
Ed Huntress