Comments on: How Big Are Health Insurance Company Profits? http://healthblog.ncpa.org/how-big-are-health-insurance-company-profits/ Health Care Policy and Reform Insights | NCPA Thu, 24 May 2012 10:44:49 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Brian Kingston http://healthblog.ncpa.org/how-big-are-health-insurance-company-profits/comment-page-1/#comment-87924 Brian Kingston Mon, 21 Mar 2011 07:25:48 +0000 http://www.john-goodman-blog.com/?p=6253#comment-87924 Thank you for sharing this it has a very informative content.. I hope more of this comes.. If you have time you can also visit this site: <a href="http://mackinsurancejohnsoncity.com/" rel="nofollow">Auto Insurance Johnson City</a> God bless and more power.. Thank you for sharing this it has a very informative content.. I hope more of this comes..

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]]> By: Robert P. Berkowitz http://healthblog.ncpa.org/how-big-are-health-insurance-company-profits/comment-page-1/#comment-49776 Robert P. Berkowitz Sat, 28 Nov 2009 15:01:13 +0000 http://www.john-goodman-blog.com/?p=6253#comment-49776 There is no reason for a health insurance company to exist. They do not produce anything of value so how can they compete? Competition should be between medical care providers. The reported profits do not include bonuses, enormous salaries and stock options when cashed in. There is no reason for a health insurance company to exist. They do not produce anything of value so how can they compete? Competition should be between medical care providers. The reported profits do not include bonuses, enormous salaries and stock options when cashed in.

]]> By: John R. Graham http://healthblog.ncpa.org/how-big-are-health-insurance-company-profits/comment-page-1/#comment-47627 John R. Graham Tue, 27 Oct 2009 05:04:10 +0000 http://www.john-goodman-blog.com/?p=6253#comment-47627 Actually, one could more appropriately say that the costs keep rising because the health-care system is non-profit driven. About 85% of hospitals are non-profit, and about half of privately insured lives are covered by non-profit insurers. In other sectors, which are ruthlessly profit driven (semi-conductors, fast food, pencils) cost have gone down. Non-profit incentives simply cannnot drive down costs. Come to think of it: 50 years ago, 100% of privately insured lives were covered by non-profit insurers. How did for-profit insurers, which have a disadvantage in that they pay corporate income tax, gain ground? Because health costs went up so much, insurers needed access to capital markets to remain solvent. Because these investors cannot submit medical claims to the insurer (as the policyholders do), they claim profit instead. All things equal, it's win-win. Actually, one could more appropriately say that the costs keep rising because the health-care system is non-profit driven. About 85% of hospitals are non-profit, and about half of privately insured lives are covered by non-profit insurers. In other sectors, which are ruthlessly profit driven (semi-conductors, fast food, pencils) cost have gone down. Non-profit incentives simply cannnot drive down costs. Come to think of it: 50 years ago, 100% of privately insured lives were covered by non-profit insurers. How did for-profit insurers, which have a disadvantage in that they pay corporate income tax, gain ground? Because health costs went up so much, insurers needed access to capital markets to remain solvent. Because these investors cannot submit medical claims to the insurer (as the policyholders do), they claim profit instead. All things equal, it’s win-win.

]]> By: Maguire http://healthblog.ncpa.org/how-big-are-health-insurance-company-profits/comment-page-1/#comment-47606 Maguire Mon, 26 Oct 2009 22:03:18 +0000 http://www.john-goodman-blog.com/?p=6253#comment-47606 Our current health care system cannot survive as long as insurance companies have this much of a strong arm. I can understand the business perspective that many people have when debating health care and insurance, but our for-profit system is literally killing us by being as selective about our health as those opposed to a public option believe the public option would be. As our market based system currently stands, only those who are making sizable incomes will receive proper care if our system remains in an unending upward curve. "The costs keep rising because the health care system is profit driven. The competition at this time is driven by bottom lines, not the quality of service or even consideration of consumer needs." (Eve Mor) http://www.ourblook.com/component/option,com_sectionex/Itemid,200076/id,8/view,category/#catid107 Our current health care system cannot survive as long as insurance companies have this much of a strong arm. I can understand the business perspective that many people have when debating health care and insurance, but our for-profit system is literally killing us by being as selective about our health as those opposed to a public option believe the public option would be. As our market based system currently stands, only those who are making sizable incomes will receive proper care if our system remains in an unending upward curve.
“The costs keep rising because the health care system is profit driven. The competition at this time is driven by bottom lines, not the quality of service or even consideration of consumer needs.” (Eve Mor) http://www.ourblook.com/component/option,com_sectionex/Itemid,200076/id,8/view,category/#catid107

]]> By: Neil H. http://healthblog.ncpa.org/how-big-are-health-insurance-company-profits/comment-page-1/#comment-47595 Neil H. Mon, 26 Oct 2009 19:59:42 +0000 http://www.john-goodman-blog.com/?p=6253#comment-47595 The White House approach to a health care discussion is to make their opponetnts out to be villains and the demonize them. The White House approach to a health care discussion is to make their opponetnts out to be villains and the demonize them.

]]> By: Devon Herrick http://healthblog.ncpa.org/how-big-are-health-insurance-company-profits/comment-page-1/#comment-47593 Devon Herrick Mon, 26 Oct 2009 19:57:26 +0000 http://www.john-goodman-blog.com/?p=6253#comment-47593 People like to accuse insurers of being stingy. But no business model would long survive if customers could demand infinite benefits for a fixed monthly fee. All-you-can-eat buffets have rationing mechanisms -- generally in the form of lower food quality. That is why consumers need to control more of their own health care dollars. That way consumers decide which care holds value and which does not. People like to accuse insurers of being stingy. But no business model would long survive if customers could demand infinite benefits for a fixed monthly fee. All-you-can-eat buffets have rationing mechanisms — generally in the form of lower food quality. That is why consumers need to control more of their own health care dollars. That way consumers decide which care holds value and which does not.

]]> By: Ken http://healthblog.ncpa.org/how-big-are-health-insurance-company-profits/comment-page-1/#comment-47590 Ken Mon, 26 Oct 2009 19:53:50 +0000 http://www.john-goodman-blog.com/?p=6253#comment-47590 Another good fact check on the Obama White House on the part of AP. Another good fact check on the Obama White House on the part of AP.

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