Enjoy Mandatory Insurance

By Investor
Published/Last Modified on Tuesday, October 6, 2009 11:08 AM CDT

Thanks to the valiant efforts of Fox News and the tea parties, both funded by the health insurance industry, there will be no public option in the healthcare reform bill. Now, the insurance companies will enjoy a half trillion dollars of your money that will go directly CEO's bonuses. With no public option to compete with, they have no reason to pay out claims and can instead continue to line their pockets. Let's not forget that everyone will be required to buy insurance from them, and they will be free as air to deny coverage to anyone that gets too expensive.

I'm glad I purchased stocks in these companies. Thanks for the retirement, suckers.

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Comments

old eagle wrote on Oct 9, 2009 8:01 PM:

" Investor: Where did that assumption come from? My comment is a straightforward answer to your comment to Frank about effeciency in government. I support our military, period. But I know that it is not effecient, nor is any other governmental agency - just as I know that healthcare run by the government would be an expensive joke. "

Investor wrote on Oct 9, 2009 8:31 AM:

" Old Eagle,

So you think the military should be privatized and run by competing corporations?

Didn't think so. "

old eagle wrote on Oct 8, 2009 6:51 PM:

" Investor: You think the Military is EFFECIENT???? $200 hammers, $3000 toilet seats, and on and on.......I support them and I think our troops are the best in the world, but effeciency is not a word that comes to mind when I think about military. "

Investor wrote on Oct 8, 2009 12:43 PM:

" This wasn't just one party or the other. The parties were puppets.

What America needs and what the democrats should have forced through congress is universal, single payer healthcare.

What happened was the insurance company paid the democrats to bundle up a stimulus (free money to the insurance industry) with their public option. They also paid a few democrats to oppose the public option, knowing the republicans would oppose anything Obama does.

Now we're left with nothing but a giant handout to the people causing the problem. Might as well profit from it. "

everyonehasone wrote on Oct 8, 2009 6:47 AM:

" I think you need to thank the democrats for this . As we all know they are the ones writing and passing the bill. This is why all the tea parties and tax payers are complaining, they have changed nothing. They are just enriching the insurance companies. No cross state purchasing, no tort reform, no common billing, no choice in what you buy you know all the things that make sense and would not cost money. "

Investor wrote on Oct 7, 2009 9:09 AM:

" Chris, I supported the public option for selfish reasons. I don't want my kids to get sick because those at the bottom of our economic structure can't afford to get treatment. Now that it's no longer an option, of course I'm going to join the winning team. Sucks for the poor, but maintaining a wide gap between myself and them is the only reasonable alternative.

Frank, have you heard of the US Army? "

Investor wrote on Oct 7, 2009 8:52 AM:

" When Bush took office, I invested in Halliburton. I pulled out of the stock market about 4 years ago and have just started putting money into healthcare companies since they own the democrats. It's not rocket science.

Tom, it's called bribery. You're not getting paid directly because you're not important enough. Insurance companies spent hundreds of millions in the last couple months bribing congressmen, along with organizing astroturf efforts, like the hands off my healthcare bus. They don't even have to hide their bribery. Again, it's not rocket science. "

neworleanscajun wrote on Oct 6, 2009 10:17 PM:

" Investor, your post is foolish and not founded in reality. However, if you really believe that these insurance companies are so corrupt, and you chose to profit from them, what does that say about you?
Having said that, you seem to be in favor of Obamacare. You seem not to realize that if the public option succeeds, your "stock" in insurance companies will be worth zilch because they will be forced out of business. Who's the sucker again? "

Tom wrote on Oct 6, 2009 10:08 PM:

" To: Investor

If the insurance industry funded tea parties how do I get reimbursed for my mileage?

Do you have any idea what a half trillion dollars is?

Do you think a public option will give private companies reason to pay out claims?

What do you mean by “deny coverage to anyone that gets too expensive”?

I’m sorry you have no insurance, but destroying private companies is not the answer to your problems. "

Chris Wilson wrote on Oct 6, 2009 8:48 PM:

" Uh, buying stock in the insurance companies put monies directly into "CEO's bonuses"...pound for pound, the compensation for insurance execs was SIGNIFICANTLY smaller than that of, oh, say, movie moguls and film stars (search Bloomberg and Forbes for the reports)...some of them even made less than Obama did with his book deal.
And, there is no competition when one of the contenders doesn't have to worry about turning a profit...
By the way, a big THANK YOU for purchasing that stock...some of my retirement money is invested with them (along with millions of other Americans hard earned monies)... "

What a load of bull wrote on Oct 6, 2009 8:04 PM:

" In actuality, BlueCross, who has half the insured market, pays out 85% of every dollar in claims, and is a non-profit. The rest pays for legally required reserves, salaries, buildings etc. Half of those of us, who are covered, are covered under self insured plans where the employer is paying the claims without any insurance, again, no profit. The for profit insurance companies have about 1/4 of the market, and average about 4% in profit. You my friend like most are malignantly ignorant of the reality of the situation and are being used. "

Frank wrote on Oct 6, 2009 5:57 PM:

" You really would rather trust the Government? What other entity have they ever ran efficiently? "

Jan B. wrote on Oct 6, 2009 4:21 PM:

" To Investor; Along with mandating insurance coverage,the government will also mandate what has to be covered and that everyone will get coverage,even with pre-existing conditions. To have a public option, the government (us)will invest about 50 billion dollars (that doesn't have to be repaid).Even IF the public option can maintain itself, those that started other insurance companies unfortunately need to profit from their investments ,if they can't compete and still make a profit. All you will have left is the public option and the government will be in complete control of your healthcare. "

threadprotector wrote on Oct 6, 2009 1:24 PM:

" Look on the bright side of this issue. At least you have the option of making money from our Capital system instead of not having any chance at all to gain if all the money when to the Government.

True investors know where to invest. "

jd wrote on Oct 6, 2009 11:52 AM:

" This post shows your inability to comprehend the health care reform package. Try again. "

old eagle wrote on Oct 6, 2009 11:47 AM:

" You are exactly correct - I do sincerely thank Fox News and the Tea Party Patriots for defeating socialized medicine that this country neither wants nor can it afford. Now if we can defeat all of the next volley of crazy communist schemes maybe we can get down to tort reform and other sane ideas of improving health care in America. "

Outraged wrote on Oct 6, 2009 11:26 AM:

" To Investor:
You sound like a real GENIUS!!! How many shares you got 10 or 20??? "

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