Posted on Oct 14, 2017
Pro-Trump states most affected by his health care decision
1.01K
12
18
4
4
0
Pro-Trump states most affected by his health care decision (from @AP)
Pro-Trump states most affected by his health care decision
Posted from apnews.comPosted in these groups: 
Donald Trump
Healthcare
Donald Trump Healthcare
Posted 7 y ago
Responses: 8
2
2
0
1
1
0
Well if you are healthy better keep running and eating right. If you have a pre existing condition might as well get good life insurance. Its a wrap for you.
(1)
(0)
1
1
0
It is my firm belief that the Affordable Care Act was intentionally designed to implode. The intent was to create a dependency upon the government that will eventually lead to single payer, and fully socialized medicine. Doesn't sound too bad until you realize that it will create a two tier system. There will be fully privatized medicine for the wealthiest 5%-15%. The rest of us will get a system that will closely resemble the VA, except the bureaucracy will be orders of magnitude larger.
(1)
(0)
SSG Edward Tilton
One CEOs salary is 12.5 % of gross, around $3 billion dollars. None are under $10 million. Count the Insurance Company commercials on your television. sometimes three in a row, do you think any of that is tricking down? It's been in the Economist and Money. Of course you are limited to WSJ
(0)
(0)
Maj John Bell
SSG Edward Tilton - No need to get snarky, I merely asked your source.
According to two different sources Forbes Magazine, and Associated Press, the highest paid CEO in America for 2016 is Elon Musk, with a top salary of $77.8 million dollars. Not one of the top 10 highest paid CEO's is in the healthcare insurance industry. If you look at CEO's who exercised stock options, the highest figure was $137 million dollars David Simon, CEO of the Simon Property Group. The high value of compensation came from exercising stock options accumulated over 18 years.
12.5% of $3 billion dollars would put whatever CEO received it at $375 million, just about $200 million above the sources I found. I am still willing to consider your sources, but I need an actual citation. I googled both the Economist and Money and could find no such assertions. The Economist listed the 2016 compensation of United Health's CEO as $127, but that include the exercise of 12 years worth of stock options, which accounted for a little more than $100 million of his 2016 compensation. Money Magazine did not give individualized figures but gave a median total compensation of $5.4 million dollars for the 117 healthcare insurers CEO's, not including stock options.
The majority of service related businesses operate with net profit margins of 9% + or - 2.5%. The healthcare insurance companies typically operate around 4% give or take 0.5%. The NYT found that on average Health Insurance company pays out about 79% + or - 2% of revenues to claims. Don't get me wrong, I'd love to be in a business that collects $100 bills from my customers, pays my employees $17 and puts $4 in my pocket, with almost no "heavy lifting." But I don't think hyperbole and inaccuracy helps the national debate.
According to two different sources Forbes Magazine, and Associated Press, the highest paid CEO in America for 2016 is Elon Musk, with a top salary of $77.8 million dollars. Not one of the top 10 highest paid CEO's is in the healthcare insurance industry. If you look at CEO's who exercised stock options, the highest figure was $137 million dollars David Simon, CEO of the Simon Property Group. The high value of compensation came from exercising stock options accumulated over 18 years.
12.5% of $3 billion dollars would put whatever CEO received it at $375 million, just about $200 million above the sources I found. I am still willing to consider your sources, but I need an actual citation. I googled both the Economist and Money and could find no such assertions. The Economist listed the 2016 compensation of United Health's CEO as $127, but that include the exercise of 12 years worth of stock options, which accounted for a little more than $100 million of his 2016 compensation. Money Magazine did not give individualized figures but gave a median total compensation of $5.4 million dollars for the 117 healthcare insurers CEO's, not including stock options.
The majority of service related businesses operate with net profit margins of 9% + or - 2.5%. The healthcare insurance companies typically operate around 4% give or take 0.5%. The NYT found that on average Health Insurance company pays out about 79% + or - 2% of revenues to claims. Don't get me wrong, I'd love to be in a business that collects $100 bills from my customers, pays my employees $17 and puts $4 in my pocket, with almost no "heavy lifting." But I don't think hyperbole and inaccuracy helps the national debate.
(0)
(0)
SSG Edward Tilton
Maj John Bell - Well while you have your calculator out, take away their Administrative Costs and see how that effects premiums. Medicare for everyone. If they want a Medicare Suppliment they can buy it.
(0)
(0)
Maj John Bell
SSG Edward Tilton - I'm not defending healthcare insurance companies. I think we'd be better off without them. But their administrative costs are part of that $17. Ever tried to do business without admin.
I farm. Do you think I don't have administrative labor. Without admin, I don't send out invoices. I don't get paid. I don't pay bills. I don't keep records that help me cull animals that are not profitable. I don't breed stock that is profitable. I don't register my goats with the ADGA, lineage can add 30%-100% to the sale price of breeding stock. I don't cultivate new clients, or develop new revenue streams with an honest to God demand. In my case, I, my wife, or my daughter do the admin work, but whoever does it, gets paid.
I farm. Do you think I don't have administrative labor. Without admin, I don't send out invoices. I don't get paid. I don't pay bills. I don't keep records that help me cull animals that are not profitable. I don't breed stock that is profitable. I don't register my goats with the ADGA, lineage can add 30%-100% to the sale price of breeding stock. I don't cultivate new clients, or develop new revenue streams with an honest to God demand. In my case, I, my wife, or my daughter do the admin work, but whoever does it, gets paid.
(0)
(0)
Read This Next
Continue with Facebook 
Continue with Google