Piss on them...why can't we just cap their profits?

[Klukie]

I don't understand why the Health Insurance "Industry" should be for profit in the first place. Capitalism should not apply here and we certainly shouldn't be trading our health on the market! Capitalism has run amok IMO.

[Marr]

1. Well, see-- that would go against the whole idea of the market.

Of course, so does mandating that the public purchase a product, but don't think about that. All hail the Market!

[happy_liberal]

10. exactly

:rofl:







Can't we say when it come to life or death, profit should not get in the way? I am fully in support of the health care bill, even mandated insurance just as soon as they add this clause "insurance companies must be non profit"...

[Klukie]

13. Non profit insurance companies...

What a great concept...you would think that America would demand it huh?

[HereSince1628]

2. As Pelosi would say...there aren't the votes.

:shrug:

[RKP5637]

5. The democrats are their own worst enemy IMO. With a majority this all could have

been simple, but no. The democrats turned it into a fiasco. We should have had a public option from day one. In fact, Medicare for all would have been my first choice. I just can't believe how all of this has been so screwed up by in fact democrats.

[HereSince1628]

8. We should have had SINGLE PAYER, which By GOD IS _THE_ PUBLIC's OPTION

[RKP5637]

11. Yep!!! n/t

[Nikki Stone1]

14. Yes.

.

[RKP5637]

3. Health care should be regulated like a utility. I agree so much w/you, "Capitalism has run amok IMO"...

[FiveGoodMen]

4. The PTB have brainwashed most 'Murkins into worshiping the "free market" as a god.

It's dumb as hell, but that's what most in the US do.

[RKP5637]

7. This is the 21st century and this damn fool country is run like the 19th century IMO. n/t

[slipslidingaway]

6. Wendell Potter said the medical loss ratio was 95% in the early 90's. n/t

[provis99]

9. because through shady accounting, we can't actually know what "profit" is.

Look at Enron.

[HereSince1628]

12. Not just accounting, shady pricing is a HUGE problem.

THe insured end up paying something like 100% of cost plus 20% profit, the uninsured end up paying something like 1000% of cost plus 50% profit because that punishment was an inducement to BUY insurance.

With a mandate, said policy of punishment is no longer necessary. WILL THE F'ing Insurance corps actually change rates to reflect that?

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!

[madville]

15. Health Insurance companies have low margins, wouldn't change much

Premiums would decrease slightly since health insurance companies only profit around 3% to 6% on revenues. So instead of a $300 monthly premium, it could possibly go down to $285 in they were non-profit.

[Initech]

16. What exactly do they do with all that money?

1. Health care
2. ???????
3. Profit!

[RKP5637]

17. Pure Greed and Profit is what they are all about, death and exclusion for profit! n/t

[Edweird]

18. Single payer would put them out of business. No need to 'cap' anything.

Just let the market work it's magic.