(11-21-2015 01:51 AM)Tom in Lazybrook Wrote:  

(11-20-2015 05:33 AM)VA49er Wrote:  Rut row...........

UnitedHealth warns it may exit Obamacare plans

Made 8.4 BILLION last year.

So they make in the 4-5% range in profit and employ 180,000+. Just what would you consider a fair profit margin??

(11-21-2015 05:45 PM)Crebman Wrote:  

(11-21-2015 01:51 AM)Tom in Lazybrook Wrote:  

(11-20-2015 05:33 AM)VA49er Wrote:  Rut row...........

UnitedHealth warns it may exit Obamacare plans

Made 8.4 BILLION last year.

So they make in the 4-5% range in profit and employ 180,000+. Just what would you consider a fair profit margin??

Just Tom playing the big bad corporation card. It obviously doesn't apply here given the profit stated. Pretty sure folks like Tom expect these companies to provide services at a loss. Why they think that I have no idea.

The REALLY dumb thing about complaining about 5% profits is that the only reason Insurers can fund what they fund is because investors get a return on their investment. Drop their rate of return to 3% and investors will leave the company... no profit, no equity. No equity, no leverage. No leverage, no ability to finance your healthcare.

(11-21-2015 09:25 PM)Hambone10 Wrote:  The REALLY dumb thing about complaining about 5% profits is that the only reason Insurers can fund what they fund is because investors get a return on their investment. Drop their rate of return to 3% and investors will leave the company... no profit, no equity. No equity, no leverage. No leverage, no ability to finance your healthcare.

Exactly. Profits are a good thing.

(11-21-2015 09:25 PM)Hambone10 Wrote:  The REALLY dumb thing about complaining about 5% profits is that the only reason Insurers can fund what they fund is because investors get a return on their investment. Drop their rate of return to 3% and investors will leave the company... no profit, no equity. No equity, no leverage. No leverage, no ability to finance your healthcare.

Why this even has to be explained is unbelievable.

Might be exhibit A. in the government skool indictment case.

Good grief.

(11-21-2015 09:25 PM)Hambone10 Wrote:  The REALLY dumb thing about complaining about 5% profits is that the only reason Insurers can fund what they fund is because investors get a return on their investment. Drop their rate of return to 3% and investors will leave the company... no profit, no equity. No equity, no leverage. No leverage, no ability to finance your healthcare.

Yep. The old Robin Hood "take from the rich and give to the poor" - which almost always means "give some to me".........and the idiots that spout this will always advocate doing this until the "rich entity" no longer exists or goes out of business.

At that point, they say "Oh crap, my golden goose just died" and they quickly look for another host to leach off of and kill..................

(11-22-2015 09:42 AM)Crebman Wrote:  

(11-21-2015 09:25 PM)Hambone10 Wrote:  The REALLY dumb thing about complaining about 5% profits is that the only reason Insurers can fund what they fund is because investors get a return on their investment. Drop their rate of return to 3% and investors will leave the company... no profit, no equity. No equity, no leverage. No leverage, no ability to finance your healthcare.

Yep. The old Robin Hood "take from the rich and give to the poor" - which almost always means "give some to me".........and the idiots that spout this will always advocate doing this until the "rich entity" no longer exists or goes out of business.

At that point, they say "Oh crap, my golden goose just died" and they quickly look for another host to leach off of and kill..................

It's obviously apparent that those that criticize a respectable 5% profit margin have never read a balance sheet/income statement, never taken an elementary economics class, and have no clue as to how a business is actually run.

Its a shame Lazy Tom has to criticize United Healthcare, as they were the provider of the most affordable plans on the exchanges. When they are gone, the prices on the exchanges are going to get even more stupidly higher than they are now.

(11-22-2015 12:03 PM)UofMstateU Wrote:  Its a shame Lazy Tom has to criticize United Healthcare, as they were the provider of the most affordable plans on the exchanges. When they are gone, the prices on the exchanges are going to get even more stupidly higher than they are now.

With Tom's background he really SHOULD know better.

(11-22-2015 02:36 PM)Owl 69/70/75 Wrote:  

(11-22-2015 12:03 PM)UofMstateU Wrote:  Its a shame Lazy Tom has to criticize United Healthcare, as they were the provider of the most affordable plans on the exchanges. When they are gone, the prices on the exchanges are going to get even more stupidly higher than they are now.

With Tom's background he really SHOULD know better.

What's his background?

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(11-22-2015 02:36 PM)Owl 69/70/75 Wrote:  

(11-22-2015 12:03 PM)UofMstateU Wrote:  Its a shame Lazy Tom has to criticize United Healthcare, as they were the provider of the most affordable plans on the exchanges. When they are gone, the prices on the exchanges are going to get even more stupidly higher than they are now.

With Tom's background he really SHOULD know better.

He does, but what's the truth matter when it gets in the way of a leftist talking point?

Yep, still completely happy with my Cigna PPO...

(11-22-2015 09:38 PM)UofMemphis Wrote:  Yep, still completely happy with my Cigna PPO...

You better hope you dont change jobs, or your employer doesnt drop that plan. Cause you will be very unhappy with Obamacare.

(11-22-2015 09:42 AM)Crebman Wrote:  

(11-21-2015 09:25 PM)Hambone10 Wrote:  The REALLY dumb thing about complaining about 5% profits is that the only reason Insurers can fund what they fund is because investors get a return on their investment. Drop their rate of return to 3% and investors will leave the company... no profit, no equity. No equity, no leverage. No leverage, no ability to finance your healthcare.

Yep. The old Robin Hood "take from the rich and give to the poor" - which almost always means "give some to me".........and the idiots that spout this will always advocate doing this until the "rich entity" no longer exists or goes out of business.

At that point, they say "Oh crap, my golden goose just died" and they quickly look for another host to leach off of and kill..................

Just a mild correction here, Robin Hood was not about "take from the rich and give to the poor", at all.

Instead he was about taking from the Government that which was the peoples money and returning it.

From the tax collector and the Sheriff Of Nottingham, to return the money to the people, "Praise the Lord and pass the tax rebate!".

This is another false fairy tale the leftist stooges have tried to use (looking at you, McPelosi) for years, and as usual they are just dead wrong. But that's okay, we're used to that.

(11-22-2015 09:38 PM)UofMemphis Wrote:  Yep, still completely happy with my Cigna PPO...

Yep, still give ZERO f**ks what you're 'completely happy' with...

Sounds like it's going pretty ****** for this guy.

http://www.breitbart.com/big-government/...ium=social

Quote:Before ObamaCare came along, I was paying $170 a month for a single-person catastrophic health care plan. My deductible was $10,000 a year. At the time, I was healthy, around 40 years-old, didn’t smoke, didn’t drink, didn’t use illegal drugs, and had my weight under control. After repeatedly promising to lower my health care costs by more than $2,000 a year, under his “Affordable” Care Act, my premiums have nearly tripled.

Today, I am 49 year-old non-smoker, non-drinker living at a healthy weight, and during this current enrollment period, the cheapest ObamaCare premium I could find costs a whopping $450 a month, with a $6600 annual deductible.

That is $450 a month right out of my pocket. Barring an unforeseen catastrophe for a guy who never leaves his house, there is no realistic scenario where I will even come close to hitting that deductible.

(12-17-2015 11:46 AM)blunderbuss Wrote:  Sounds like it's going pretty ****** for this guy.

http://www.breitbart.com/big-government/...ium=social

Quote:Before ObamaCare came along, I was paying $170 a month for a single-person catastrophic health care plan. My deductible was $10,000 a year. At the time, I was healthy, around 40 years-old, didn’t smoke, didn’t drink, didn’t use illegal drugs, and had my weight under control. After repeatedly promising to lower my health care costs by more than $2,000 a year, under his “Affordable” Care Act, my premiums have nearly tripled.

Today, I am 49 year-old non-smoker, non-drinker living at a healthy weight, and during this current enrollment period, the cheapest ObamaCare premium I could find costs a whopping $450 a month, with a $6600 annual deductible.

That is $450 a month right out of my pocket. Barring an unforeseen catastrophe for a guy who never leaves his house, there is no realistic scenario where I will even come close to hitting that deductible.

Thats what some of us have been saying for years now. Obamacare was touted as being "great" insurance. Obama said the insurance we used to have was crap. Therefore, he forced us onto Obamacare compliant policies, and forced people off their previous (real insurance) policies. But in reality, Obamacare is nothing but a catastrophic insurance plan at triple the previous catastrophic plan rate, that comes with free pap smears.

(12-16-2015 04:44 PM)georgia_tech_swagger Wrote:  

WIN

"Having affordable health coverage is a right" -Barrack Obama

.....but I get fined if I don't have it...

Well, having a gun is a right also. So, by the same theory, everyone that doesnt own a gun should be fined.

I'll wait right here for the liberals to pay their fines.


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