Shotei

Pundits Are Wrong: Healthcare Reform Will Increase Profits

For profit or not for profit doesn't make any difference. Even the largest private insurers United Group and Wellpoint only show about 4% profit over the last 12 months. The government will keep lowering it's premiums until no insurance company can compete. If you owned a busness and paid out say 5 million in insurance for your employees and the government offered you the same package for 1 million wouldn't you take it? Of coarse you would. Thats whats going to happen. Obama has already stated he wants a single payer plan.


On Sep 17 11:04 AM skwestorange wrote:

> This claim/opinion is just seems to be a misinformed fear. Many States
> now have for-profit and not-for-profit insurance providers competing
> and doing so with profit, growth and innovation. New Jersey is one
> such State and so are CA and WA.

Pundits Are Wrong: Healthcare Reform Will Increase Profits

The only problem is "Public Option" will run those private insurance companies out of busness in a few years. Being forced to cover everyone and pre-existing conditions would be enough to close them all down but to also have to compete with the government that is more than willing to take a lose for many many years (see post office) will make it impossible for them to stay in busness. If your long on all those drug companies my advise is to run don't walk to your broker and sell like there's no tomorrow because there may not be.