Center for Ethics and Leadership

Monday, October 26, 2009

Health Insurance Again

I was all set to write about the exemption of health insurance companies from anti-trust legislation when the Associated Press published a story stating that health insurance generates a very low profit margin, rarely 5 percent. Someone had told me that about 20 years ago, and it was one reason I was befuddled by the insurance companies' attempt to defeat President Obama's health care reform bill (and Bill Clinton's before that). Over the weekend, I saw a statement that said we do not have a healthcare problem, we have a healthcare insurance problem. What we need are more facts and debate.

3 Comments:

  • Statistics are funny things. Profits after write offs/deduction? Cost including executive compensation? Out of Pocket including or excluding employee perks? Published profits tend to be assessed for taxes so monies earned do not equate with reported net income.

    I am not yet convinced that health care reform and universal health insurance are one in the same. Constructive action coupled with continuious debate would be a good thing.

    By Blogger kobe2, At October 27, 2009 6:31 AM  

  • I'm tired of people debating on what to do about our health care issue. It is an issue that has no answer at the moment. Even if you think the issue is health care insurance or health care in general, America in comparison to other upper class countries (if that's the right terms)is completely lacking and unable to keep supporting its citizens. The health care system is completely off balance and I'm not sure who has the answer.

    By Anonymous Sean Hartman, At November 3, 2009 6:51 AM  

  • The United States healthcare has many issues. Insurance companies are a minor issue of this. Barak Obama has taken steps forward to change the healthcare problems we are currently facing. Those who are not happy about this are in my opinion lacking knowledge about his healthcare reform, or about our current situation. Another important issue is that statements or statistics that are reported are many times biased to that papers political views. It is hard to find unbiased facts about our healthcare or the new healthcare reform. Those who do not want to change our healthcare have obviously not had healthcare debt that has caused them to file for bankruptcy or lose their home. I did not vote for Obama, however I am happy that he is actually doing something about our healthcare. Those who do nothing and complain should be taken with a grain of salt.

    By Anonymous "Who I am", At November 12, 2009 6:37 AM  

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