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(Washington Post)   Is Obamacare about to raise taxes on the middle class by $1 TRILLION? Well, is it?   (washingtonpost.com) divider line 316
    More: Stupid, obamacare, middle class, income taxes, Debbie Wasserman Schultz  
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16765 clicks; posted to Main » on 12 Mar 2013 at 11:11 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-03-12 12:31:57 PM
By the way this is not "Obamacare".

It is "Corporatecare" brought to you by Obama and friends.
 
2013-03-12 12:35:23 PM

IRQ12: By the way this is not "Obamacare".

It is "Corporatecare" brought to you by Obama and friends.


Oh yeah, I'm sure they're just thrilled about all the new things they have to cover and the removal of yearly caps. And the 80/20 rule. Just thrilled.
 
2013-03-12 12:38:01 PM

cameroncrazy1984: IRQ12: By the way this is not "Obamacare".

It is "Corporatecare" brought to you by Obama and friends.

Oh yeah, I'm sure they're just thrilled about all the new things they have to cover and the removal of yearly caps. And the 80/20 rule. Just thrilled.


Sure beats that single payer system that everyone wanted Obamacare to be. That might have put a few of them out of business when people didn't have to spend 30%+ of their monthly income in some cases paying for bottom of the barrel health insurance coverage.
 
2013-03-12 12:38:17 PM
Obama was using a modified wooden toilet paper roller the whole time?
i.imgur.com
 
2013-03-12 12:38:20 PM

MattStafford: kendelrio: It's bullshiat. I pay for my families healthcare and it takes a huge chunk of my check. So now my check has to be taxed more to pay for someone else's health care? Bullshiat.

If I'm paying for your healthcare, I should get something for it. Come mow my grass.

We're a wealthy country.  We should be able to take care of our own.  Also, instituting a GMI and allowing the free market to work for the majority of health care issues will dramatically drive down prices.


You didn't answer my question. Why should I pay for someone elses healthcare? There is no benefit to me. Why should I bust my ass to provide for my family only to have more of my wages taken to pay for someone else's benefits?

Also, at what age is a person a farking adult? Kids mandated to stay on my insurance until they're 26? That's bullshiat too. If a "kid" can go to PMITA prison for life at 18, join the military at 18, get married at 18 drink a beer or other things legally, why should I have to foot their insurance bill? So now I'm paying for MY families insurance, some farker who can't afford their insurance AND their crotchfruits insurance until they're 26? fark that!
 
2013-03-12 12:40:31 PM

kendelrio: Why should I pay for someone elses healthcare?


You wouldn't.  Part of the Republican objection to the plan was that people would be forced topurchase their own health care.
 
2013-03-12 12:41:07 PM

indarwinsshadow: So, Americans are ok with spending a trillion dollars on wall street bailouts, the big 3 car company bailouts, the invasion of Iraq, and the aquisition of new nukes and military hardware. But. You're not ok with spending money on preventative medicine and a health care system that provides for everyone?

There's no tag that goes with that. It just leaves the rest of us using socialized medicine wondering why?

It's your country. Do with it what you want. I'm not judging.


This.

As a "smug Canadian" I support Obamacare and hope it comes to be. Really though, theres no hope. It'll never fly. Enjoy paying for your doctor visits! At least you won't have to pay taxes right?
 
2013-03-12 12:41:18 PM

Bartleby the Scrivener: LordOfThePings: Bartleby the Scrivener: Reduced??? That's what I treat the missus to on special occasions, when we get to break out the styrofoam plates and use them eatin' tools.

Would you prefer not to?

What?

I don't get it


you must prefer not to
 
2013-03-12 12:45:30 PM

midigod: kendelrio: Why should I pay for someone elses healthcare?

You wouldn't.  Part of the Republican objection to the plan was that people would be forced topurchase their own health care.


But what about people who "can't afford it"? Oh yeah, they pay a fine (as mentioned up thread). This whole situation takes away freedom of choice! That is probably what grinds my gears. If I don't want health insurance, I shouldn't be required to buy it! I know someone is going to reply "but what about the costs to society if you get sick?". My answer? Let me die.

"But you have to buy insurance for your car!!!". Not the same thing. Vehicle insurance protects the investment a bank or loan company has in your vehicle and people you may injure in an accident. Medical insurance mandate =/= vehicle insurance mandate.
 
2013-03-12 12:46:38 PM
The real questions are:
Did global warming cause Obamacare? And, will Obamacare fix global warming, end all deficits, take your guns, free the slaves, end illegal immigration, set a uniform tipping policy, and lower totalfark to the price of a sixer of miller lite?
 
2013-03-12 12:46:44 PM

JohnBigBootay: Great Janitor: I am licensed to sell health insurance so I am getting a kick...

I stopped selling health insurance and I am focusing on life insurance right now.  With Congress not knowing what is in the bill they passed, we don't know what insurance plans that are legal to sell today will remain legal in October when this goes into effect.  And it is going to really hurt coworkers of mine who have been in the business for ten to twenty years or more, have over two decades of built up residuals coming in each month that congress will put an end to

Good. Because that's the problem with insurance right there. I buy health insurance for 70 people every year. 5% of all the premiums for all my employees all year long goes right into the brokers pocket. And we wonder why health care has such an exorbitant cost. Well, to start with the 5% off the top does not pay for any medical treatments or benefit the subscriber whatsoever. So fark a bunch of schmucks still raking it in on a policy they sold twenty years ago.


You do realize that by law, all money taken in by health insurance companies, no less than 65% of that money must be paid on claims.  That means that health insurance companies must pay all employees, including salesmen, secretaries, all the utility bills, marketing, other costs of running a company out of 35% of the money taken in each month.  So, your money isn't being wasted on brokers and salesmen.  Your money, if it's not going to the well being of your employees, is going to the well being of others who are insured through the same people insuring your employees.
 
2013-03-12 12:47:09 PM

indarwinsshadow: So, Americans are ok with spending a trillion dollars on wall street bailouts, the big 3 car company bailouts, the invasion of Iraq, and the aquisition of new nukes and military hardware. But. You're not ok with spending money on preventative medicine and a health care system that provides for everyone?

There's no tag that goes with that. It just leaves the rest of us using socialized medicine wondering why?

It's your country. Do with it what you want. I'm not judging.


They don't want to help brown people, they want to bomb them.
 
2013-03-12 12:47:28 PM
Look, he didn't want it to come to this. But you free loading poors forced his hand. So if it means getting rid of healthcare for you maggots, Ryan will reluctantly balance the budget and reduce the deficit. Happy now?
 
2013-03-12 12:47:57 PM

midigod: kendelrio: Why should I pay for someone elses healthcare?

You wouldn't.  Part of the Republican objection to the plan was that people would be forced topurchase their own health care with the assistance of federal subsidies granted to anyone whose income is less than 400 percent of the federal poverty level.


FTFY.
 
2013-03-12 12:50:23 PM

cameroncrazy1984: IRQ12: By the way this is not "Obamacare".

It is "Corporatecare" brought to you by Obama and friends.

Oh yeah, I'm sure they're just thrilled about all the new things they have to cover and the removal of yearly caps. And the 80/20 rule. Just thrilled.


Heh, I always love it when peoples sarcasm gets thrown in their face on this topic.

Yes, they are  just thrilled:

i.imgur.com
 
2013-03-12 12:51:31 PM
All I know is my co-pays on generic drugs just doubled, and my copays for doctor's visits as well.  And I have good insurance.

Boooo.  Don't care who is at fault.  Boooo.

/Boooourns
 
2013-03-12 12:52:33 PM

Smidge204: This appears to be one of those cases where "Middle Class" is a euphemism for "People just scraping by on $200K+/year"


Someone at $200k/y is not really that much better off, truly, than someone making $50k/y.  Slightly better car, slightly better house/apartment.  Going out to eat a bit more often at slightly better places.  Slightly fancier meals.  Vacations abroad, versus a local camping trip.

That's still middle class.  Very much so.  If you distance yourself from those people - and feel they're the problem - you're just following in the footsteps of the idiots who idolize Che'.

There's a video about it that is making the rounds, re-explaining this again.  Doctors and engineers aren't your enemy, we're there with you.  Aim your bile at CEOs, investment bankers, etc:  http://www.youtube.com/watch?v=QPKKQnijnsM
 
2013-03-12 12:53:15 PM

IRQ12: cameroncrazy1984: IRQ12: By the way this is not "Obamacare".

It is "Corporatecare" brought to you by Obama and friends.

Oh yeah, I'm sure they're just thrilled about all the new things they have to cover and the removal of yearly caps. And the 80/20 rule. Just thrilled.

Heh, I always love it when peoples sarcasm gets thrown in their face on this topic.

Yes, they are  just thrilled:

[i.imgur.com image 810x607]


I will concede that they aren't allowed to literally rape people or rob them at gun point so maybe they aren't so thrilled.
 
2013-03-12 12:53:55 PM

IamAwake: Smidge204: This appears to be one of those cases where "Middle Class" is a euphemism for "People just scraping by on $200K+/year"

Someone at $200k/y is not really that much better off, truly, than someone making $50k/y.  Slightly better car, slightly better house/apartment.  Going out to eat a bit more often at slightly better places.  Slightly fancier meals.  Vacations abroad, versus a local camping trip.

That's still middle class.  Very much so.  If you distance yourself from those people - and feel they're the problem - you're just following in the footsteps of the idiots who idolize Che'.

There's a video about it that is making the rounds, re-explaining this again.  Doctors and engineers aren't your enemy, we're there with you.  Aim your bile at CEOs, investment bankers, etc:  http://www.youtube.com/watch?v=QPKKQnijnsM


lol 50k a year is middle class?  oh god
 
2013-03-12 12:54:50 PM

Great Janitor: JohnBigBootay: Great Janitor: I am licensed to sell health insurance so I am getting a kick...
Good. Because that's the problem with insurance right there. I buy health insurance for 70 people every year. 5% of all the premiums for all my employees all year long goes right into the brokers pocket. And we wonder why health care has such an exorbitant cost. Well, to start with the 5% off the top does not pay for any medical treatments or benefit the subscriber whatsoever. So fark a bunch of schmucks still raking it in on a policy they sold twenty years ago.

You do realize that by law, all money taken in by health insurance companies, no less than 65% of that money must be paid on claims.  That means that health insurance companies must pay all employees, including salesmen, secretaries, all the utility bills, marketing, other costs of running a company out of 35% of the money taken in each month.  So, your money isn't being wasted on brokers and salesmen.  Your money, if it's not going to the well being of your employees, is going to the well being of others who are insured through the same people insuring your employees.


images1.wikia.nocookie.net
 
2013-03-12 12:54:56 PM

k1j2b3: The low-wage workers who just got kicked from full-time to part-time work!


When did this happen?

/please cite a source that is NOT a histrionic conservative small-business owner, thanks
 
2013-03-12 12:55:22 PM

kendelrio: You didn't answer my question. Why should I pay for someone elses healthcare? There is no benefit to me. Why should I bust my ass to provide for my family only to have more of my wages taken to pay for someone else's benefits?

Also, at what age is a person a farking adult? Kids mandated to stay on my insurance until they're 26? That's bullshiat too. If a "kid" can go to PMITA prison for life at 18, join the military at 18, get married at 18 drink a beer or other things legally, why should I have to foot their insurance bill? So now I'm paying for MY families insurance, some farker who can't afford their insurance AND their crotchfruits insurance until they're 26? fark that!


Same reason you pay for any other safety net.  Social Contract, and all that jazz.
 
2013-03-12 12:55:23 PM

UberDave: You're getting a 3.8% tax increase for just buying a home people!!


Bullschitt.  That tax applies (a) to the capital gains when you *sell*, and (b) only if you can't exempt the capital gains from the regular capital gains tax.
 
2013-03-12 12:55:55 PM
I'm middle class (so "middle class that I'd be eligible for vouchers if I didn't have insurance provided my employer), and my insurance premiums have gone up, copays have gone up, and coverage has gone down since the "affordable care act" has passed.

And, I've discovered that my coverage is a "Cadillac plan" and therefore is subject to penalties and fines for being "too good."

I don't think I'd call it a tax hike, not even a "sneaky" one, but this is the second time that Congress has done something to help or protect the middle class that has personally hurt my day-to-day finances.

Last I checked, Congress passed the law; they should call it CongressCare instead of ObamaCare. That more adequately encapsulates what a tremendous fark-up the whole thing is.
 
2013-03-12 12:57:13 PM

The My Little Pony Killer: k1j2b3: The low-wage workers who just got kicked from full-time to part-time work!

When did this happen?

/please cite a source that is NOT a histrionic conservative small-business owner, thanks


Given that these provisions don't take effect until January 1 of next year, you're essentially asking people to prove that something will not happen in the future.
 
2013-03-12 12:57:27 PM
Remember who the WSJ thinks is middle class:

si.wsj.net
 
2013-03-12 12:57:48 PM

stirfrybry: That's why Nancy Pelosi insisted we had to pass it to find out what was in it.


You know that's bullshiat, right? The point was that Republicans were telling lies about what was in the ACA ("death panels") when the bill contained nothing of the sort. Once it was passed, then Republicans would stop lying about it (ha!) and people would actually figure out what the bill does.

Congress knew exactly what was in it. They just lied to everybody else. And the media went along with it, instead of tearing into the actual bill and reporting facts - usually through asking misleading questions in headlines or positing unlikely hypotheticals that result in the government killing your grandma and sending you to a FEMA camp for not having an abortion.
 
2013-03-12 12:57:48 PM

indarwinsshadow: So, Americans are ok with spending a trillion dollars on wall street bailouts, the big 3 car company bailouts, the invasion of Iraq, and the aquisition of new nukes and military hardware. But. You're not ok with spending money on preventative medicine and a health care system that provides for everyone?

There's no tag that goes with that. It just leaves the rest of us using socialized medicine wondering why?

It's your country. Do with it what you want. I'm not judging.


Gosh, you'd be making a great point, were it not for the fact that polls show most Americans are not ok with the bailouts, the wars, the nuclear arms race, and such - and that we are ok with universal health care of some sort.

All countries have despots, ours just pretend they're democratically elected, and are serving the will of The People.
 
2013-03-12 12:58:01 PM

IRQ12: cameroncrazy1984: IRQ12: By the way this is not "Obamacare".

It is "Corporatecare" brought to you by Obama and friends.

Oh yeah, I'm sure they're just thrilled about all the new things they have to cover and the removal of yearly caps. And the 80/20 rule. Just thrilled.

Heh, I always love it when peoples sarcasm gets thrown in their face on this topic.

Yes, they are  just thrilled:

[i.imgur.com image 810x607]


So Aetna is almost but not quite where they were in 2005? Yeah, I bet they're psyched about that.
 
2013-03-12 12:58:53 PM

kendelrio: You didn't answer my question. Why should I pay for someone elses healthcare?


Because you live in a society.  Either suck it up and help out your neighbors, or take your whiney ass to the woods.
 
2013-03-12 12:59:55 PM
This is the kind of false equivalence that pisses me off about the liberal mainstream media.

They break it down and Johnson just completely lied about the entire point he was making. He specifically was saying that middle income Americans were getting a $1 trillion tax hike under Obamacare. Now they said that the $1 trillion figure didn't come from thin air.... but that it wasn't the new taxes on the middle class and that ALSO on the balance middle income Americans were going to have more in credits then new taxes so they won't have a tax hike at all... they'll have a tax CREDIT. The opposite of what Johnson was claiming.

Now Schultz on the other hand said that Johnson's claim wasn't true... but because in the middle of her rebuttal she didn't insert the words "middle class" when responding to his false claim they rate her statement as JUST AS untrue as his... even though she was correct that he was full of shiat.

WTF? Liberal media my ass.
 
2013-03-12 01:01:04 PM

happyleper: The My Little Pony Killer: k1j2b3: The low-wage workers who just got kicked from full-time to part-time work!

When did this happen?

/please cite a source that is NOT a histrionic conservative small-business owner, thanks

Given that these provisions don't take effect until January 1 of next year, you're essentially asking people to prove that something will not happen in the future.


And yet he's crying about it as though it's already happened.
 
2013-03-12 01:02:06 PM

kendelrio: MattStafford: kendelrio: It's bullshiat. I pay for my families healthcare and it takes a huge chunk of my check. So now my check has to be taxed more to pay for someone else's health care? Bullshiat.

If I'm paying for your healthcare, I should get something for it. Come mow my grass.

We're a wealthy country.  We should be able to take care of our own.  Also, instituting a GMI and allowing the free market to work for the majority of health care issues will dramatically drive down prices.

You didn't answer my question. Why should I pay for someone elses healthcare? There is no benefit to me. Why should I bust my ass to provide for my family only to have more of my wages taken to pay for someone else's benefits?

Also, at what age is a person a farking adult? Kids mandated to stay on my insurance until they're 26? That's bullshiat too. If a "kid" can go to PMITA prison for life at 18, join the military at 18, get married at 18 drink a beer or other things legally, why should I have to foot their insurance bill? So now I'm paying for MY families insurance, some farker who can't afford their insurance AND their crotchfruits insurance until they're 26? fark that!


Sounds like someone doesn't like living in a society.
 
2013-03-12 01:03:15 PM

Ukab the Great: This is the kind of false equivalence that pisses me off about the liberal mainstream media.


Am I stuck in a timewarp again?
 
2013-03-12 01:05:18 PM
Obamacare didn't wash its hands after it peed and then it went and put its hands on all the sodas in my fridge.

/ sodas are > 16oz so SUCK IT Mayor Bloomberg!
 
2013-03-12 01:08:47 PM

festoon: Best advice when you're trying to wade through all the complex political crap: If a Republican politician says it, its a lie.


FTFY. Do you seriously think the Democrats lie any less than the Republicans?
 
2013-03-12 01:10:16 PM

kendelrio: You didn't answer my question. Why should I pay for someone elses healthcare? There is no benefit to me. Why should I bust my ass to provide for my family only to have more of my wages taken to pay for someone else's benefits?

Also, at what age is a person a farking adult? Kids mandated to stay on my insurance until they're 26? That's bullshiat too. If a "kid" can go to PMITA prison for life at 18, join the military at 18, get married at 18 drink a beer or other things legally, why should I have to foot their insurance bill? So now I'm paying for MY families insurance, some farker who can't afford their insurance AND their crotchfruits insurance until they're 26? fark that!


youaresketch.typepad.com

AH, look! Crikey!

It's the elusive "I got mine, fark everyone else" mentality in it's wild, natural habitat! The anonymity of the internet literally allows it to be a complete dick to everyone else without fear of being called out and shamed by the rest of it's species.

Truly, truly majestic, it is. Beautiful plumage.
 
2013-03-12 01:12:35 PM

Infernalist: lol 50k a year is middle class? oh god


1)  I said $200k was middle class, and that it isn't really that much different than $50k.  I didn't say $50k was middle class.  We can't buy anyone off, we can't affect political change, we can't afford to send kids to school without loans, we can't pay cash for a house, we can't take off work for a year, etc.  Our <i>real</i> standard of living is very similar.

2)  Yes, I'd say $50k is middle class.  It is in fact squarely in the middle of the middle 20% income range.  As someone who has been homeless, and who has many friends who live in barros in Tijuana without running water, electricity, or sewer (and who live off less than $100/week)...but who currently makes almost $200k...I know poor.  $50k is not poor.  If you can't afford a car, a yearly vacation, a nice safe place to live near good schools, and plenty of food at $50k...you're doing something wrong.  I don't believe in bootstrappy-ness, I was just lucky...but fark you if you think you're poor at $50k.  I've slept on the streets while still working - that's low income.

That's the whole point of the video link I posted, and of Occupy, and etc.  You think someone making $200k is different than you, that they're the enemy.  The enemy is making that per week, not per year - and controls the government.  Income and wealth are not a nice even slope in this country - when looked at on a chart, anyone making less than $400k/y or so looks like a relatively even level when you zoom out enough to see the wealth of the top 5%, and especially the top 0.5%.   If I do a bad job, I get fired.  If someone making $100m/y does a bad job, they get a $20m severence.  Yes, there's a difference.   But hey, the revolution in south america worked out really well...kill off the doctors and engineers, leave the ones that are rich enough to pay for protection alone...then you have no doctors or engineers, and the wealth is even more concentrated at the top.  Sounds like a plan!  Hop to it, revolutionary!
 
2013-03-12 01:13:35 PM

cameroncrazy1984: IRQ12: cameroncrazy1984: IRQ12: By the way this is not "Obamacare".

It is "Corporatecare" brought to you by Obama and friends.

Oh yeah, I'm sure they're just thrilled about all the new things they have to cover and the removal of yearly caps. And the 80/20 rule. Just thrilled.

Heh, I always love it when peoples sarcasm gets thrown in their face on this topic.

Yes, they are  just thrilled:

[i.imgur.com image 810x607]

So Aetna is almost but not quite where they were in 2005? Yeah, I bet they're psyched about that.


Yes, they are.  What this should tell you is that this is not expected to hurt the bottom line of these companies at all, in fact they are doing better than ever because they have priced all of this in because  THEY WROTE THE BILL!

They are "psyched" and "thrilled" for this boon to their industry, as are their investors.

Did you honestly think your government would do  anything that would hurt the profits of one of the largest lobbies in Washington?
 
2013-03-12 01:14:19 PM

I_C_Weener: LemSkroob: enry:
Will this hurt some people?  Probably.  Has my employer taken steps to make sure that employees who don't make much are impacted less?  Yes.  Is it worth it to ensure that everyone in the US has access to some level of health care?  Oh yeah.


It will hurt us in the long run. the last thing we need is more people living longer. We need some form of population control.

I saw a story yesterday about a drug that will let us live until 150.  My first thought was that social security will be broke at 85.


and im sure the unions will still demand full retirement benefits at 55.
 
2013-03-12 01:15:49 PM

Great Janitor: You do realize that by law, all money taken in by health insurance companies, no less than 65% of that money must be paid on claims. That means that health insurance companies must pay all employees, including salesmen, secretaries, all the utility bills, marketing, other costs of running a company out of 35% of the money taken in each month. So, your money isn't being wasted on brokers and salesmen. Your money, if it's not going to the well being of your employees, is going to the well being of others who are insured through the same people insuring your employees


And that borders on criminal. It should be much higher than that. For instance we use one of the blues, which is technically a non-profit. 35% to overhead and administration would barely qualify as a shiatty charity. Paying 5% of health care premiums to a salesman is archaic and wasteful to say the least. I do not need a farking salesman to choose an insurance policy any more than I need a salesman to choose a car or book an airline ticket. I spend almost three hundred grand a year on health insurance. The fact that the first $14k off the top of that goes into a salesman's pocket before paying for any health costs is absurd on its face.
 
2013-03-12 01:17:17 PM

Twigz221: We really need to stop calling it Obamacare. It was written and passed by congress, not Obama.  Plus, before being passed it was so heavily altered by the Republicans due to demands by the insurance lobbyists that it hardly resembled what Obama proposed they do in the first place.


But CongressCare is an oxymoron.
 
2013-03-12 01:18:56 PM

spentmiles: I hope they calculated in the cost of treating millions of cases of malnutrition after everyone is reduced to eating cat food and drinking rain water.


www.reactiongifs.com
 
2013-03-12 01:19:29 PM

kendelrio: This whole situation takes away freedom of choice! That is probably what grinds my gears. If I don't want health insurance, I shouldn't be required to buy it! I know someone is going to reply "but what about the costs to society if you get sick?". My answer? Let me die.


The rub there is that annoying "social contract" thing.  If millions of people (or any number you choose) didn't have health insurance, would we, as a nation, be willing to simply "let them die?"  Absolutely not.  And we don't allow that now.  We allow those people to use the emergency room, and everyone else pays for it.  That seems to make much less economic sense than having them on an actual plan whose risk is shared by the nation as a whole.
 
2013-03-12 01:19:33 PM

digitalrain: But CongressCare is an oxymoron.


you win, thread over.  ;)
 
2013-03-12 01:20:18 PM

IRQ12: By the way this is not "Obamacare".

It is "Corporatecare" brought to you by Obama and friends.


Calling Obamacare Corporatecare is like calling ACORN Community Organizations International or like calling a Socialist a Democrat
 
2013-03-12 01:21:55 PM

tylerdurden217: How about a a single non-profit payer system that covers basic healthcare for everyone in the US?


Why hello there, tovarisch fellow traveler!
 
2013-03-12 01:22:43 PM

IamAwake: digitalrain: But CongressCare is an oxymoron.

you win, thread over.  ;)


th458.photobucket.com

YAY! My first thread-win!
 
2013-03-12 01:26:37 PM

jonrey: Great Janitor: JohnBigBootay: Great Janitor: I am licensed to sell health insurance so I am getting a kick...
Good. Because that's the problem with insurance right there. I buy health insurance for 70 people every year. 5% of all the premiums for all my employees all year long goes right into the brokers pocket. And we wonder why health care has such an exorbitant cost. Well, to start with the 5% off the top does not pay for any medical treatments or benefit the subscriber whatsoever. So fark a bunch of schmucks still raking it in on a policy they sold twenty years ago.

You do realize that by law, all money taken in by health insurance companies, no less than 65% of that money must be paid on claims.  That means that health insurance companies must pay all employees, including salesmen, secretaries, all the utility bills, marketing, other costs of running a company out of 35% of the money taken in each month.  So, your money isn't being wasted on brokers and salesmen.  Your money, if it's not going to the well being of your employees, is going to the well being of others who are insured through the same people insuring your employees.

[images1.wikia.nocookie.net image 447x335]


What's funny is that some people think that 65% of insurance premiums going to pay medical costs is somehow a good number. I build freakin' houses. If you give me $100 you can bet your sweet ass that AT LEAST $85 went to pay the labor materials and subs to build that house and it's quite often more than that. Then I pay all my overhead and STILL turn a profit with the $15 left over.
 
2013-03-12 01:29:09 PM

JohnBigBootay: Great Janitor: You do realize that by law, all money taken in by health insurance companies, no less than 65% of that money must be paid on claims. That means that health insurance companies must pay all employees, including salesmen, secretaries, all the utility bills, marketing, other costs of running a company out of 35% of the money taken in each month. So, your money isn't being wasted on brokers and salesmen. Your money, if it's not going to the well being of your employees, is going to the well being of others who are insured through the same people insuring your employees

And that borders on criminal. It should be much higher than that. For instance we use one of the blues, which is technically a non-profit. 35% to overhead and administration would barely qualify as a shiatty charity. Paying 5% of health care premiums to a salesman is archaic and wasteful to say the least. I do not need a farking salesman to choose an insurance policy any more than I need a salesman to choose a car or book an airline ticket. I spend almost three hundred grand a year on health insurance. The fact that the first $14k off the top of that goes into a salesman's pocket before paying for any health costs is absurd on its face.


Medicare overhead is about 1.4% of total expenditures.
http://www.beckershospitalreview.com/racs-/-icd-9-/-icd-10/4-things- to -know-about-medicares-overhead-costs.html
 
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