Ten Times the Rate of Inflation

Seriously?? Federal government spending is expanding at ten times the rate of inflation. Could you Chicago crooks take a moment from your blame-storming exercise to answer why that is??

Its happening on California, the state that because of its entitlement programs are going bankrupt, and has a high population that receives goverment assistance through medicaid.
It is common knowledge that hospitals and other health care providers charge a higher cost to private insurers a higher cost for service, to make up for the loss when treating patients with no insurance or only goverment insurance.
Oh and as for that 2.7 bill profit comment in the story. In 2008 Wellpoint posted a profit margin of 4.73%, yep they are making money hand over fist.

And how much money has Obama taken from the insurance and pharma companies?
More show and no substance from the failing president

We don’t live in California, but our Anthem, high-deductible policy went up 33%, despite the fact that we didn’t even visit a doctor in the past two years!
The solution to health care is glaringly obvious…stop forcing money into the system (via government programs and regulations) and start removing money from the system. Unless and until the total amount of money available for spending on health care decreases, rates will continue to remain high. As long as money continues to be forced into the system, rates will increase. It’s simply supply and demand.

This is exactly why I have said, time and again, that the only way to reduce health care costs, is to eliminate the profiteering. So far, the ObamaCare bill, simply doesn’t do that.
In order to genuinely reduce health care costs, you cannot be in the back pocket of those who profit from health care.
You must, instead, remove the profits from health care, and to do that, you must effectively, eliminate the heath insurance industry from health care, by establishing National Health Care for all citizens. (Notice, I said CITIZENS, and NOT Residents.)
Until that happens, any claim for “health care reform” is nothing but a lie, that does nothing to reduce costs, period, because it leaves all the profit making for doctors, hospitals, and health insurance industry, in place.

Posted by: Rick McDaniel | Feb 9, 2010 10:05:53 AM
Rick, maybe we should itemize your necessary expenses (we’ll decide what is necessary) and tell your boss to only pay you what you need to cover those expenses. That way his company could operate much more efficiently and cut it’s prices to it’s customers. How is that for a plan?

Hey, let me just put this in perspective for you. How much of a Herculean task, nay, an impossibility even, do you guys think it would be to just start a health insurance company from scratch to compete with Blue Cross?
Hmm. Do you think that the government would make that EASY, or do they make it nigh IMPOSSIBLE?
Once you’ve figured it out, you’ll probably understand why a company can raise its rates 38% and consumers have no recourse.
Ask yourself why can’t people in CA just buy insurance from some OTHER company, anywhere in the nation? Why is that? Is that the people doing that to themselves, or is that the GOVERNMENT?
Ask yourself why you can’t buy the kind of health plan YOU need, that works for you? Is that YOUR meddling, or the Governments?
The people have done nothing to create this huge mess. It is all on the Government. They have killed off the free market and of course, because of that, the market is completely dysfunctional.
There is no good reaason for every state to ban out of state insurance companies from the health care marketplace.
That is just government meddling, its a protection racket, something the mobsters in Chicago (the politicians) are familiar with.

The company says more people are dropping their insurance due to the poor economy, leaving fewer people to cover the costs and more people getting “free” medical care…
Posted by: Quo Warranto | Feb 9, 2010 10:04:52 AM
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“The company earned $2.7 billion in just the last quarter of 2009. Quarterly sales went from $15.1 billion to $19 billion — a 26% rise.”

tierra wrote: “The company earned $2.7 billion in just the last quarter of 2009. Quarterly sales went from $15.1 billion to $19 billion — a 26% rise.”
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Once again, a totally incomplete picture to muddy the water. If I made quarterly sales of $100,000 and they rose to $125,000 but my expenses were $100,001 and they rose to $125,001 who is making out like a bandit as you imply?