ChesusRice
Well-Known Member
http://www.forbes.com/sites/rickung...reform-while-pretending-to-support-obamacare/
Busted! Health Insurers Secretly Spent Huge To Defeat Health Care Reform While Pretending To Support Obamacare
***PPACA - The Facts***
- Thread starter schuylaar
- Start date
Busted! Health Insurers Secretly Spent Huge To Defeat Health Care Reform While Pretending To Support Obamacare
Red1966
Well-Known Member
Do prescriptions go towards the $4500 deductible or is there a separate deductible for that? Also, is that the federal exchange or a state exchange? What level policy is it? You know, bronze, silver, gold, wood?
That market has been distorted by federal tax policy, which gives a tax break worth hundreds of billions of dollars to employers who provide health insurance. Eliminate the tax break and you eliminate the employer's incentive to provide health insurance in lieu of cash.
Flaming Pie
Well-Known Member
Or maybe it is just they wont help with non covered benefits. Idk.. Maybe I will just create an account and find out.
I'll let yall know if I do.
I'll let yall know if I do.
Flaming Pie
Well-Known Member
It says it will cover 94% of my covered services. Gotta find out what those are tho.
I know there is a list for preventative care which is free regardless.
- Abdominal Aortic Aneurysm one-time screening for men of specified ages who have ever smoked
- Alcohol Misuse screening and counseling
- Aspirin use to prevent cardiovascular disease for men and women of certain ages
- Blood Pressure screening for all adults
- Cholesterol screening for adults of certain ages or at higher risk
- Colorectal Cancer screening for adults over 50
- Depression screening for adults
- Diabetes (Type 2) screening for adults with high blood pressure
- Diet counseling for adults at higher risk for chronic disease
- HIV screening for everyone ages 15 to 65, and other ages at increased risk
- Immunization vaccines for adults--doses, recommended ages, and recommended populations vary:
- Hepatitis A
- Hepatitis B
- Herpes Zoster
- Human Papillomavirus
- Influenza (Flu Shot)
- Measles, Mumps, Rubella
- Meningococcal
- Pneumococcal
- Tetanus, Diphtheria, Pertussis
- Varicella
- Obesity screening and counseling for all adults
- Sexually Transmitted Infection (STI) prevention counseling for adults at higher risk
- Syphilis screening for all adults at higher risk
- Tobacco Use screening for all adults and cessation interventions for tobacco users
Does the Tobacco screening mean they are going to test everyone?
You don't seem to be following. I remember your article. I refuted your article by posting financial stats on the industry: hundreds of billions in revenue, tens of billions in profit--for just a handful of the top companies. You seem to think that $100 million, spent over two years--a tiny drop in the bucket for them, a fraction of what they spent on lobbying--means they didn't like or want Obamacare.
It makes no sense. If they thought they were going to lose money, they would have spent more than $100 million over two years to defeat the bill. That cursory payment looks more like an attempt to save face with the Chamber of Commerce than it does a meaningful attempt to defeat anything.
Instead of recognizing that--instead of acknowledging that these insurance companies will rake in tens of billions of dollars of our money every single year thanks to Obamacare--you tout that they spent a tiny pittance to defeat it. They certainly succeeded at fooling you, didn't they?
That amount of money is not "stunning" to an industry worth trillions of dollars. It's a grain of sand on a beach.
Red1966
Well-Known Member
Yes, you would already know if you smoked. They do because they can charge you more if you smoke. It's for their benefit, not yours.
ChesusRice
Well-Known Member
combine that with 450 million just in ads against Obamacare
Not from the industry. You only claim $100 million from the industry--over two years--which would represent a tiny, tiny, tiny fraction of their profits, let alone their revenues.
I think you should just acknowledge that you didn't know the context of $100 million for the insurance industry (it's essentially nothing, a grain of sand on the beach, as I said), rather than repeating such nonsense as "evidence" that the insurance companies are going to lose.
They won't lose. They helped write the bill, Chesus. They spent hundreds of millions helping to write the bill in the same period they spent $100 million--over two years--to defeat it. The insurance companies are going to be the big winners in Obamacare.
ChesusRice
Well-Known Member
Context in relation to their profits is irrelevant
They spent 100 million dollars fighting obamacare and that is just the money we know about
Now that's telling. You think defending tens of billions of dollars of profits is worth just $50 million a year?
No businessman would agree with you.
ChesusRice
Well-Known Member
You do know that under obamacare the insurance company has to spend 85% on customers or issue rebate checks...........right?
Now work that out relative to their revenues and they still make tens of billions of dollars every single year.
Red1966
Well-Known Member
They spend more than that in a month on advertising alone. It's a very cheap way to give a false impression to the easily fooled (hint: you) to sucker you. Sort of like when Congress made insider trading and funneling government contracts to their friends and family illegal with great fanfare, and then quietly made it legal again two months later. How else does a public servant making 50 to 100k a year spend tens of millions to become a what 200k a year Senator and leave office 6 years later with 100 MILLION in assets? And quietly slip into a 25 MILLION a year "consulting" job?
On that note, a lot of the people who wrote Obamacare are now employed by insurance companies and lobbying firms, commanding vast sums compared to their former salaries.
Red1966
Well-Known Member
Considering they will spend next to nothing on advertising and commissions now that buying insurance is mandatory, that sounds like a pretty good deal for the insurance companies. Not many other industries have a 15% profit margin. I'll wager their profit margin is higher with ACA.
The average margin for an American corporation is actually substantially less than 15%--nevermind big oil--depending on how you want to count them. For especially large companies, it's about 12%; for large companies, it's about 6%; for medium companies, it's about 5%; for small companies, it's just 3%.
The insurance companies would like to know where to direct their thank you letter, Chesus...
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