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	<title>Comments on: Insurance Companies and The Profit Myth</title>
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	<link>http://conservativepatriothq.com/2009/09/18/insurance-companies-and-the-profit-myth/</link>
	<description>Common Sense Conservative Blog</description>
	<lastBuildDate>Wed, 17 Mar 2010 19:06:40 +0000</lastBuildDate>
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		<title>By: Steve Mustanski</title>
		<link>http://conservativepatriothq.com/2009/09/18/insurance-companies-and-the-profit-myth/comment-page-1/#comment-626</link>
		<dc:creator>Steve Mustanski</dc:creator>
		<pubDate>Wed, 17 Mar 2010 19:06:40 +0000</pubDate>
		<guid isPermaLink="false">http://conservativepatriothq.com/?p=272#comment-626</guid>
		<description>So...

The top five insurers made 7.8 billion in profit as the post indicates.  All of the data is public information and is not &quot;mis-information&quot;.  The problem is that the adminstration and the media are feeding people mis-information.  &quot;Did you hear about that 1000% profit increase?  gasp!  They have CEOs running their companies and stockholders too!!!!&quot;

The media and the government throw out big numbers to outrage people.

You seem to advocate that companies can make money as long as they meet some moral standards.  Whose?  Medicare and Medicade deny more claims than all of the private companies combined.  You want the government to run this?

The government doesn&#039;t protect insurance companies, the enforce the state by state monopolies.  That is why you hear so many people calling on reform to allow people to buy insurance from other states.

In an insurance company denies coverage in violation of the policy contracts, then they should be held liable.  However, if you have a policy that doesn&#039;t cover say glasses and you need them, should the insurance company that you bought insurance from be forced to pay for your glasses?</description>
		<content:encoded><![CDATA[<p>So&#8230;</p>
<p>The top five insurers made 7.8 billion in profit as the post indicates.  All of the data is public information and is not &#8220;mis-information&#8221;.  The problem is that the adminstration and the media are feeding people mis-information.  &#8220;Did you hear about that 1000% profit increase?  gasp!  They have CEOs running their companies and stockholders too!!!!&#8221;</p>
<p>The media and the government throw out big numbers to outrage people.</p>
<p>You seem to advocate that companies can make money as long as they meet some moral standards.  Whose?  Medicare and Medicade deny more claims than all of the private companies combined.  You want the government to run this?</p>
<p>The government doesn&#8217;t protect insurance companies, the enforce the state by state monopolies.  That is why you hear so many people calling on reform to allow people to buy insurance from other states.</p>
<p>In an insurance company denies coverage in violation of the policy contracts, then they should be held liable.  However, if you have a policy that doesn&#8217;t cover say glasses and you need them, should the insurance company that you bought insurance from be forced to pay for your glasses?</p>
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		<title>By: D-Mac</title>
		<link>http://conservativepatriothq.com/2009/09/18/insurance-companies-and-the-profit-myth/comment-page-1/#comment-625</link>
		<dc:creator>D-Mac</dc:creator>
		<pubDate>Wed, 17 Mar 2010 18:24:02 +0000</pubDate>
		<guid isPermaLink="false">http://conservativepatriothq.com/?p=272#comment-625</guid>
		<description>Also don&#039;t think that you aren&#039;t being, &quot;Spoon-fed misinformation&quot; on this blog as well.  Why don&#039;t you post the real dollar amounts of profit reported by say, the three largest insurance companies in the United States.  After you shatter the billion-dollar ceiling the percentages of profit begin to be less relevant and the actual dollar amounts of profit should be scrutinized.  If i have a 75 billion dollar a year company that makes 2% profit, that is still 1.5 billion dollars of pure profit.  I am not one for limiting the amount of profit a company makes, but if you deny claims and rescind the policies of people who need the health coverage it becomes a morality issue and these companies should have a sense of responsibility to the society they serve.  This county doubly, nay quadruply for companies that operate under protection from monopoly and anti-trust laws by the US Gov&#039;t.  If the Gov&#039;t dropped their protection of these companies, they would be immediately dismantled by anti-trust legislation.</description>
		<content:encoded><![CDATA[<p>Also don&#8217;t think that you aren&#8217;t being, &#8220;Spoon-fed misinformation&#8221; on this blog as well.  Why don&#8217;t you post the real dollar amounts of profit reported by say, the three largest insurance companies in the United States.  After you shatter the billion-dollar ceiling the percentages of profit begin to be less relevant and the actual dollar amounts of profit should be scrutinized.  If i have a 75 billion dollar a year company that makes 2% profit, that is still 1.5 billion dollars of pure profit.  I am not one for limiting the amount of profit a company makes, but if you deny claims and rescind the policies of people who need the health coverage it becomes a morality issue and these companies should have a sense of responsibility to the society they serve.  This county doubly, nay quadruply for companies that operate under protection from monopoly and anti-trust laws by the US Gov&#8217;t.  If the Gov&#8217;t dropped their protection of these companies, they would be immediately dismantled by anti-trust legislation.</p>
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		<title>By: D-Mac</title>
		<link>http://conservativepatriothq.com/2009/09/18/insurance-companies-and-the-profit-myth/comment-page-1/#comment-624</link>
		<dc:creator>D-Mac</dc:creator>
		<pubDate>Wed, 17 Mar 2010 18:10:48 +0000</pubDate>
		<guid isPermaLink="false">http://conservativepatriothq.com/?p=272#comment-624</guid>
		<description>Percentages simply mask the massive amounts of money that they actually represent.  The parent company that owns Blue Cross/Blue Shield here in NC posted a multi-billion dollar profit last year.  That may be only a few percent but when you are talking about a multi-billion, possibly trillion dollar per year industry even 1% is a staggering amount of money.  Whether you are talking about 1% or 4% thats still a mountain of money.</description>
		<content:encoded><![CDATA[<p>Percentages simply mask the massive amounts of money that they actually represent.  The parent company that owns Blue Cross/Blue Shield here in NC posted a multi-billion dollar profit last year.  That may be only a few percent but when you are talking about a multi-billion, possibly trillion dollar per year industry even 1% is a staggering amount of money.  Whether you are talking about 1% or 4% thats still a mountain of money.</p>
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		<title>By: Steve Mustanski</title>
		<link>http://conservativepatriothq.com/2009/09/18/insurance-companies-and-the-profit-myth/comment-page-1/#comment-470</link>
		<dc:creator>Steve Mustanski</dc:creator>
		<pubDate>Sat, 13 Feb 2010 12:54:25 +0000</pubDate>
		<guid isPermaLink="false">http://conservativepatriothq.com/?p=272#comment-470</guid>
		<description>I did a quick calculation and for 2009, the industry did &quot;much&quot; better with the top 5 insurance companies averaging a 5.2% profit.  Count on the anticapitalists in the media and the government to report that increase from 4% to 5.2% a massive increases in profits.</description>
		<content:encoded><![CDATA[<p>I did a quick calculation and for 2009, the industry did &#8220;much&#8221; better with the top 5 insurance companies averaging a 5.2% profit.  Count on the anticapitalists in the media and the government to report that increase from 4% to 5.2% a massive increases in profits.</p>
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		<title>By: Nancy Taylor</title>
		<link>http://conservativepatriothq.com/2009/09/18/insurance-companies-and-the-profit-myth/comment-page-1/#comment-461</link>
		<dc:creator>Nancy Taylor</dc:creator>
		<pubDate>Sat, 13 Feb 2010 02:39:52 +0000</pubDate>
		<guid isPermaLink="false">http://conservativepatriothq.com/?p=272#comment-461</guid>
		<description>What are the figures for 2009?</description>
		<content:encoded><![CDATA[<p>What are the figures for 2009?</p>
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		<title>By: The October 2009 CCC Blog Carnival&#160;&#124;&#160;Naked Liberty</title>
		<link>http://conservativepatriothq.com/2009/09/18/insurance-companies-and-the-profit-myth/comment-page-1/#comment-156</link>
		<dc:creator>The October 2009 CCC Blog Carnival&#160;&#124;&#160;Naked Liberty</dc:creator>
		<pubDate>Mon, 05 Oct 2009 01:09:40 +0000</pubDate>
		<guid isPermaLink="false">http://conservativepatriothq.com/?p=272#comment-156</guid>
		<description>[...] Insurance Companies and The Profit Myth [...]</description>
		<content:encoded><![CDATA[<p>[...] Insurance Companies and The Profit Myth [...]</p>
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