youngolf

Something Stinks At the Insurance Corral

response to paulg828,,,,please just ask questions and don't attempt to insult.....lets keep the dialogue intelligent. If you'd like to present some thoughts I'd be happy to respond.

Something Stinks At the Insurance Corral

someday, maybe when we collapse, someone will realize that with all the trillions the insurers have stashed, and the admin costs from processing claims by profit making companies, and the ancillary businesses that have evolved......that we could fund a startup for and provide care for USA citizens and have money left over.

its time to end BCBS execs walking the hallways in armani suits, $150 pinpoint oxfords, and $175 ernesto zegilda ties.....

Something Stinks At the Insurance Corral

Even BCBS in my state is laying off 150. Trust me, when BCBS lays off, it is bad. They typically have multi-hundreds of billions in that old quote-unquote 'claim reserves' account - that is never used to offset any underwriting loss from the year, thats right, the ins dept allows them to keep that money 'separate'...and of course they can always find an actuary to state they need that amount of funds 'to assure there is monies to cover the risks of all the members they insure'....and they continue to gain 'earnings' on those reserves, that are also protected from being used to offset underwriting losses each year.........so, this is typical absurdity and greed that is ruining this country, sucking money out of productive uses and 'stashing it' to enrich the insurers. It is sad indeed - for the little guy.