General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHealthcare Companies having troubles??
With Obamacare Exchange... Wonder Why?
PROFITS not meeting goals? How about starting with this!
http://www.fiercehealthcare.com/payer/top-health-insurance-ceo-pay-exceeds-10-million-2014
tonyt53
(5,737 posts)Response to tonyt53 (Reply #1)
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busterbrown
(8,515 posts)That a Medicare for all Healthcare system is not the answer.. But allowing CEOs to make $10 million
is o.k. with you..Sounds like you have a financial interest in these pieces of crap companies..
I want a system that does not make a dime of profit.. I want my govt. to provide a system which is fair to the provider and patient.. And fuck yea. Ill pay more taxes for it..
Cant wait to hear from you about all the problems with the Canadian System..
http://www.aarp.org/politics-society/government-elections/info-03-2012/myths-canada-health-care.html
Response to busterbrown (Reply #8)
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busterbrown
(8,515 posts)By legally or illegally withholding benefits from those members in dire medical trouble.
By the way are you telling me that all of these healthcare delivery workers wont have a job if we get rid of of the Insurance Companies.. Why the heck are you using the term profit?.. Researches, Mds, Nurses, Researchers etc..dont make freaking profits...They make salaries.. and will still be employed by a Medicare for all System..
R.U. really telling us your not connected to a Healthcare Company..?
WillowTree
(5,325 posts)And it limitation isn't "after all costs" as you say. The 80/20 rule in ACA requires insurers to pay out in claim payments not less than 80 cents of every dollar that they take in. That means that all costs come out of the 20% left over and anything left over after those are paid are profit. But in many cases, for some plans in some places, there's actually a loss. That's why some insurance companies are pulling out of the market in some of those places. If they were making a profit, even a small one, they'd have incentive to stay in.
mythology
(9,527 posts)Because the people signing up for them were sicker than anticipated and the risk sharing didn't include prescription drugs. It's not about profits not meeting expectations, there are no profits.
If we had a functional Republican party instead of trying and failing to repeal the ACA, we could make adjustments to the system to address the problems but unfortunately we have Paul Ryan and Mitch McConnell.
Response to mythology (Reply #2)
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Schema Thing
(10,283 posts)We are encouraged by our first quarter results and our improved 2016 outlook, particularly at this early stage in the year, said Shawn M. Guertin, Aetna executive vice president and chief financial officer. Our operating results reflect the ongoing execution of our growth strategy, and our financial position, capital structure and liquidity all continue to be very strong.
From: https://news.aetna.com/news-releases/aetna-reports-first-quarter-2016-results/
leftstreet
(36,109 posts)WillowTree
(5,325 posts)Sunlei
(22,651 posts)whatthehey
(3,660 posts)I've never come across any public company in which getting the CEO to work for nothing and then spreading his pay among all workers, or across patient care in this case, would make a significant difference to them. Aetna for example at the top of the link's list pays its CEO $15MM and covers 23MM medical insured and as many in dental and pharmacy. Assuming, wrongly, total overlap that would mean each patient could have an additional 65c of covered care per year.
CEOS absolutely get paid more than they deserve in many cases and far more than is fair, but cutting their costs would make no substantive difference to their companies.