which is the part I still can't wrap my head around.
These two fucktards are on CNBC basically admitting that they are going to fuck over the American public. Aetna CEO said out loud that the new model would not involve "beating each other up over price" in the future and that ACA would be the ONLY thing keeping insurers and health providers "honest"
We are all fucked, I am doubling my position in KY. I may even go longer with some out of the money calls, Each and every one of us is going to need to lube up for the ass fucking that is coming.
This is a deal only Mari could support.
...just imagine if it was all controlled by a Monopoly (or at least a cabal/consortium).Obamacare? Pffft! NOBODY Cares!!!
My Optometrist brother in law had his pension ripped away as a result of the last dust-up involving Aetna & CIGNA.
Healthcare for the 1/10th of 1% who can afford their own private hospital wings... me and the rest of you can go fuck ourselves.
We are all fucked, I am doubling my position in KY. I may even go longer with some out of the money calls, Each and every one of us is going to need to lube up for the ass fucking that is coming.
This is a deal only Mari could support.
They move the fucking goal posts. Personally I would not even consider retiring without being worth well into the 8 digits. Not the way things are going, not to mention where they are headed.
BTW doesn't Mark Bertolini look and act every bit as evil as Dick Cheney. That fucker was downright drooling over the prospect of fucking over the American public, and just like the Obamacare supporters, promised that this would be good for the public "In ten years or so" Yeah, right. Anyone in the market for a good, used bridge?
Unless you were already paying nothing pre-ACA.
anyone or anything that reduces "profit" for corporations.
We have decended into the darkest vision of the future ever imagined by science fiction authors and movie makers.
I'm just wondering what form of massive depopulation the 1% will use against the 99%. The "SOFT-kill" of flouridated water, cancer producing GMO foods, vaccine side effects, hi fructose corn syrup, nuclear energy accidents, and chronic lifelong stress/depression will soon be replaced by a very 'HARD' genocidal extermination. Of course it will be "sold" as result of war, plague or catastrophic "accident"; but in the end approximately 450+ million will be left to cater to the needs and desires of a few super rich.
Welcome to the Prison Planet; Earth.
-- Modified on 7/6/2015 10:16:13 AM
If Aetna, Humana, and the other insurers were making an obscene amount of profit, I'd understand, but just looking at their income statements, both companies net income are in the low single digits.
The whole health insurance model from doctor, lab, hospital, pharma, device manufacturer and insurer is not consumer driven. All these entities are doing is providing more ammunition to the Left for a single payer system (Medicare) for all, or a Universal Health Care system.
We are all fucked, I am doubling my position in KY. I may even go longer with some out of the money calls, Each and every one of us is going to need to lube up for the ass fucking that is coming.
This is a deal only Mari could support.
Obscene profits for the insurers will never, ever happen bc the ACA effectively caps the profits they can make. Large group insurers MUST spend 85% of premiums on health care – if they fail to do so, they have to send rebate checks to the insured.
So the remaining 15% in revenue gets spent on operating expenses and only what is left –probably less than 2% - can be kept as profit. The cap is a bit lower for individual insureds but the admin costs are much higher here. Health insurers are more like grocery stores than true insurance companies. Return on equity and revenue is what you are looking for, not profits.
Revenue and being able to spread those operating expenses over a larger group is the only reasons stocks gone up. Meanwhile, the co-ops have been a dismal failure, so at least the market is shrinking. Mergers may well limit competition and consumer choices but the price may survival of the for -profit insurers.
The notion that the insurers are "screwing the public "by these mergers is just another example of the lack of comprehension as to how the ACA works. Premiums must rise until the pool of healthy insureds gets big enough but they are not rising to enrich the insurance companies
and government has a way of making liars out of honest people.
Public offerings for drilling ventures in the oil business have the very same rules, 85% of all moneys raised must go towards drilling, leaving 15% to pay commissions, legal fees, registration fees, etc. Sounds like the government is doing a great job protecting the investing public from being gouged, doesn't it? WRONG!!! I have looked at a thousand such deals, actually more like several thousand of them over the years and EVERY single one of them is marked up at least TWICE what a private offering would charge, and more like four times what I could do the work for.
As I predicted though, you would be the only one who thinks that the raping of the American public is a GOOD thing. All these regulations do is keep creative accountants and shady lawyers in business.
which is the part I still can't wrap my head around.
inelegant shill, Mari. You usually do better.
The truth is that we're being fucked by massive institutionalized healthcare... and regulations that legitimize and empower those institutions DO NOT help to remove their hands from our pockets.
Hmmm.. maybe national sourcing/negotiating power for prescription drug prices? Imagine... the world's biggest market getting a good price? Who woulda' thunk it. Oopps... the Brits did. They pay less. My bad.
I hope you get it... a government role without government control. An actual benefit.
Screw the explanatory statistics. Negotiate the best source and price... and pass it on to me, the consumer. Now. Everyone benefits except pure profit and power agendas.
Everything else is someone lining their pockets at my expense. Like, for real... the US pays 2X more on average for prescription drugs. Total bullshit in a free market, reality only in a manipulated space
I think it was completely in character for Mari, he seems to be a huge fan of both bigger government and bigger business, and I am sure he will be sad to the this POTUS go, as he has been a hero to both.
Now if he could ever learn how to properly interpret an annual report, he might realize just how bad he too is getting fucked, but somehow I doubt that will ever happen