Interesting - and short circuits the 'research' i was a doin - aimed at debunking the claim we always hear ... "The Insurance Companies are losing money 'on hussein.Øcare' ".
It MAY be a true statement that they 'lose' money on the 'assigned risk pools' - but, I seriously doubt it when one looks at the government subsidies - what is probably closer to the truth is that ROR is not as high as they would like it to be.
Bottom line - when one looks at ALL the new 'health care insurance policies', including the assigned risk pools -
"hussein.Ø-care" HAS BEEN EXTREMELY PROFITABLE TO THE INSURANCE COMPANIES."
I could (and probably should, but won't) post images of the stock charts with 'max time extent' - for the major publicly traded health insurance companies. Here is a list of four of them Aetna, Anthem, Blue Cross of Virginia, Humana, Cigna (AET AFL ANTM CI HUM ... more at http://investsnips.com/list-of-publicly-traded-companies-that-provide-health-care-plans/
YOWZERS, shoulda, woulda, coulda made a REAL KILLING by investing in those back in 2008 when the law was first passed.
From Jul 2007 to now: http
://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1500580800000&chddm=1043579&chls=IntervalBasedLine&cmpto=NYSE:ANTM;NYSE:CI;NYSE:HUM;NYSE:UNH&cmptdms=0;0;0;0&q=NYSE:AET&ntsp=1&ei=QehwWdrcHYexjAHBw6XYDg
From Dec 2008 to now: http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1500580800000&chddm=854335&chls=IntervalBasedLine&cmpto=NYSE:ANTM;NYSE:CI;NYSE:HUM;NYSE:UNH&cmptdms=0;0;0;0&q=NYSE:AET&ntsp=1&ei=s-pwWbGcG4u_jAH97Yz4Bw
Dated article from 2011 - but on target: http://www.prwatch.org/news/2011/05/10696/blue-cross-blue-shield-getting-richer-corporate-insurers
Micro - I will differ from your conclusion about 'write custom plans to save costs'.
The unholy trinity big gov, big biz, and big money is nowhere more apparent than in the 'health care arena'. The Big Insurance companies have NO INTEREST IN REPEALING O-CARE - THEY HAVE MADE, AND CONTINUE TO MAKE INCREDIBLE PROFITS from this abominable alliance.
Mandated Coverage - WHAT A BOON - and they will punish you with unreasonable prices for 'trimmed down' policies in order to maintain those profits. It is like having mandatory 'comp and collision' auto insurance being mandated instead of simple liability mandate. Even in simple liability - one sees the 'punish' aspect of exorbitant prices if one buys this insurance withOUT accompanying 'comp and collision'.
THE HUGE PROFITS OF O-CARE are precisely why WE WILL SEE NO REPEAL- those reps and sens have been bought and paid for.
Finally, brethren, whatsoever things are true, whatsoever things are honest, whatsoever things are just, whatsoever things are pure, whatsoever things are lovely, whatsoever things are of good ...
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