Michael Moore's Latest Target: Your HMO

[FRPLG]

Originally Posted by dmek25

ALL insurance companies have big time profit margins. should i start by posting links to the salaries of the ceos? insurance is almost bordering the pyramid schemes, where they want your money, but you play hell getting yours if something happens. if your looking for pity for the mega money insurance giants, your looking the wrong way. and this lies the problem. why should the same procedure have 3 different costs, for 3 different people/ its how they balloon their profits. no one in that business goes hungry. and the lobbyists in Washington are some of the richest, most powerful in the world.

Actually you are wrong. Insurance companies do not make what most people would consider "big time profits" relative to other comparable industries. Compare their profits to pharms and it isn't even close. And CEO salaries are not indicative of huge profits. They are more closely aligned with revenue than with net profits. The cost of doing business as an insurance company is astronomical. What do you think the "managed healthcare" concept was born out of? The need to increase profits to a viable point due to the skyrocketing cost of healthcare. Go ahead and posts the CEOs salaries, they mean nothing.

[dmek25]

Originally Posted by FRPLG

Actually you are wrong. Insurance companies do not make what most people would consider "big time profits" relative to other comparable industries. Compare their profits to pharms and it isn't even close. And CEO salaries are not indicative of huge profits. They are more closely aligned with revenue than with net profits. The cost of doing business as an insurance company is astronomical. What do you think the "managed healthcare" concept was born out of? The need to increase profits to a viable point due to the skyrocketing cost of healthcare. Go ahead and posts the CEOs salaries, they mean nothing.

first off, what exactly is the cost of running an insurance company? it only takes a handful of non trained professionals to deny a claim. managed health care was thought up by a group of insurance companies to control costs, and make sure the profit margin is at its greatest. there should be no way an insurance company can deny someone coverage on a claim that is needed. but it happens all the time. when these companies start dictating to the medical profession what they can do, and what they can charge, thats the problem. i am for national healthcare. it cant possibly be any worse then it is now, and it will be cheaper

[FRPLG]

Originally Posted by dmek25

first off, what exactly is the cost of running an insurance company? it only takes a handful of non trained professionals to deny a claim. managed health care was thought up by a group of insurance companies to control costs, and make sure the profit margin is at its greatest. there should be no way an insurance company can deny someone coverage on a claim that is needed. but it happens all the time. when these companies start dictating to the medical profession what they can do, and what they can charge, thats the problem. i am for national healthcare. it cant possibly be any worse then it is now, and it will be cheaper

Insurance companies pay out BILLIONS of dollars a year in claims. THAT is the cost of doing business.

managed health care was thought up by a group of insurance companies to control costs, and make sure the profit margin is at its greatest.

Umm yeah pretty much. They are public companies with share holders. That is why the company exists. Healthcare was becoming more expensive therefore hurting the bottom line. So insuarnce companies figured out how to still offer their services while also making the profits that they are supposed to make. You don't like it? Then go find another insurance company who isn't doing that. Can't find one? That ought to be a clue about what is going on here. If the profits were so "massive" then there would be companies running to get into the market to get a piece of the pie. That would in turn cause prices to drop. That isn't happening. I wonder why? Because insurance companies don't make "massive" profuts in the way that you mean. It is simple economics.

there should be no way an insurance company can deny someone coverage on a claim that is needed.

Actually there should be. If their policy doesn't cover it. A lot of people bemoan the insuarnce companies for not paying out claims that they should pay out when in fact they are simply not paying out a claim that they shouldn't pay out. Very few insurance plans cover everything.

[70Chip]

I haven't been to a docor since 1992 so I can't comment on the health care system except to say that everyone seems to get it that wants it. The only way to reduce costs is for everyone to follow my example.

As for Moore, he is a pure charlatan. He pretends to speak truth to power but he gets all his laughs at the expense of working people. In addition, he his a morbidly obese alcoholic who has to have minders around at all times to prevent his drunken shenanigans from making the papers.

[MTK]

Originally Posted by 70Chip

In addition, he his a morbidly obese alcoholic who has to have minders around at all times to prevent his drunken shenanigans from making the papers.

Where is this coming from??

[Schneed10]

Originally Posted by dmek25

first off, what exactly is the cost of running an insurance company? it only takes a handful of non trained professionals to deny a claim. managed health care was thought up by a group of insurance companies to control costs, and make sure the profit margin is at its greatest. there should be no way an insurance company can deny someone coverage on a claim that is needed. but it happens all the time. when these companies start dictating to the medical profession what they can do, and what they can charge, thats the problem. i am for national healthcare. it cant possibly be any worse then it is now, and it will be cheaper

Your knowledge of the industry is severely lacking, Dmek. Everything FRPLG said in response to you is true.

Directing your bitterness at the HMOs is misplaced anger. They are not the problem.