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How much money do the health insurers invest?

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whyverne Donating Member (734 posts) Send PM | Profile | Ignore Sat Sep-05-09 09:50 PM
Original message
How much money do the health insurers invest?
I'm having trouble researching this. But I'm not all that smart.

It would seem to be a reasonable argument as to why big business is against government managed health care. To wit that health care insurers invest a lot of money in our system.

I've read that health insurers have a big investment in tobacco stocks. Which is interesting. But I was trying to get some idea of how much they have invested in toto.

And how much might become unavailable if the government would take over part of the health care.

I would think that this issue might be discussed more but then I thought maybe they don't want the average Joe to know how they operate. Which is : take your premium money and invest it to make even more money and hope you never come crying around to get some money back.

One would think that everyone already knows that but I'm not sure. I've talked to many people who were shocked to learn that the government spends their FICA payments as soon as they get it. One women I talked to couldn't believe that they weren't saving her money for her retirement.

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Trillo Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-05-09 10:38 PM
Response to Original message
1. To Big To Fail
http://www.insidescience.org/research/study_says_world_s_stocks_controlled_by_select_few
(link was posted on DU by someone else, don't have the referring link)

The money game has already been won: To Big To Fail.
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valerief Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-05-09 10:48 PM
Response to Reply #1
2. Capital Group Companies
Based on their analysis, Glattfelder and Battiston identified the ten investment entities who are “big fish” in the most countries. The biggest fish was the Capital Group Companies, with major stakes in 36 of the 48 countries studied. In identifying these major players, the physicists accounted for secondary ownership -- owning stock in companies who then owned stock in another company -- in an attempt to quantify the potential control a given agent might have in a market.
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Trillo Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-05-09 10:58 PM
Response to Reply #2
3. Battiston and Glattfelder seem to have included the critical names:
Edited on Sat Sep-05-09 10:59 PM by Trillo
This seems to be the "backbone"

1. The Capital Group Companies (U.S.)
2. Fidelity Management & Research (U.S.)
3. Barclays PLC (U.K.)
4. Franklin Resources (U.S.)
5. AXA (France)
6. JPMorgan Chase & Co. (U.S.)
7. Dimensional Fund Advisors (U.S.)
8. Merrill Lynch & Co. (U.S.)
9. Wellington Management Company (U.S.)
10. UBS (Switzerland)

http://www.sciencenews.org/view/generic/id/40886/title/Networks_reveal_concentrated_ownership_of_corporations
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valerief Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-05-09 11:23 PM
Response to Reply #3
4. Thanks! nt
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