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Clinton unveils mandatory health care insurance plan
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<blockquote data-quote="diesel96" data-source="post: 245554" data-attributes="member: 9859"><p><em>It's not just Cal., it's everywhere Big. </em></p><p><em>And stating more claims being paid out than coming in is outrageous.</em></p><p><em>While insurance companies continue to charge outrageously high premiums for decreased coverage, they are reaping outrageously high profits at the expense of denying claims from American families. The legal rights of people injured through no fault of their own are being trampled…but guess what? The insurance industry is booming. Average recent earnings annually over the last few years:</em></p><p style="text-align: center"></p><p><strong><em>HMO Profits Doubled </em></strong></p><p><em>The nation's HMOs nearly doubled their net profits last year, earning $10.2 billion , up from $5.5 billion in (an 86 percent increase), </em></p><p><em>Some examples of those booming companies are: </em></p><ul> <li data-xf-list-type="ul"><ul> <li data-xf-list-type="ul"><em>Blue Cross Blue Shield plans—63% increase in profit </em></li> <li data-xf-list-type="ul"><em>Kaiser Foundation Health Plan—$995.5 million profit </em></li> <li data-xf-list-type="ul"><em>Physicians Service—$314.2 million profit </em></li> <li data-xf-list-type="ul"><em>Group Health Cooperative—$187.8 million profit </em></li> <li data-xf-list-type="ul"><em>Aetna Health—$129.8 million profit</em></li> </ul></li> </ul><p><strong><em>Best Profits in a Decade for Health & Life Insurers</em></strong></p><p><em>Health and life insurers this year posted their best profits in a decade…those firms jumped $5.9 billion to $8.7 billion in the first three months of 2004."</em></p><p></p><p><em>Executives getting their share also:</em></p><p><a href="https://web.archive.org/web/20090812052215/http://www.newsobserver.com/104/story/416559.html" target="_blank">https://web.archive.org/web/20090812052215/http://www.newsobserver.com/104/story/416559.html</a></p><p></p><p><em>Why align yourselves with organized Ins Co's for profit corperations?</em></p><p><em>Ins co's are mandated to make as much as possible.In some states the law requires that the Ins co's officers or Board of directors maximize their profits. Even if an Ins co got religion and decided to stop or even reduce the number of rejected claims, they would be both civilly and criminally liable for acting against their shareholders interests.</em></p></blockquote><p></p>
[QUOTE="diesel96, post: 245554, member: 9859"] [I]It's not just Cal., it's everywhere Big. And stating more claims being paid out than coming in is outrageous. While insurance companies continue to charge outrageously high premiums for decreased coverage, they are reaping outrageously high profits at the expense of denying claims from American families. The legal rights of people injured through no fault of their own are being trampled…but guess what? The insurance industry is booming. Average recent earnings annually over the last few years:[/I] [CENTER][/CENTER] [B][I]HMO Profits Doubled [/I][/B] [I]The nation's HMOs nearly doubled their net profits last year, earning $10.2 billion , up from $5.5 billion in (an 86 percent increase), Some examples of those booming companies are: [/I] [LIST] [*][LIST] [*][I]Blue Cross Blue Shield plans—63% increase in profit [/I] [*][I]Kaiser Foundation Health Plan—$995.5 million profit [/I] [*][I]Physicians Service—$314.2 million profit [/I] [*][I]Group Health Cooperative—$187.8 million profit [/I] [*][I]Aetna Health—$129.8 million profit[/I] [/LIST] [/LIST] [B][I]Best Profits in a Decade for Health & Life Insurers[/I][/B] [I]Health and life insurers this year posted their best profits in a decade…those firms jumped $5.9 billion to $8.7 billion in the first three months of 2004."[/I] [I]Executives getting their share also:[/I] [url]https://web.archive.org/web/20090812052215/http://www.newsobserver.com/104/story/416559.html[/url] [I]Why align yourselves with organized Ins Co's for profit corperations? Ins co's are mandated to make as much as possible.In some states the law requires that the Ins co's officers or Board of directors maximize their profits. Even if an Ins co got religion and decided to stop or even reduce the number of rejected claims, they would be both civilly and criminally liable for acting against their shareholders interests.[/I] [/QUOTE]
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