Insurance costs and health-care reform: Are health insurers making huge profits?

Are health insurers making huge profits?

Mar 5th 2010, 14:15 by M.S.

YESTERDAY Barack Obama dropped in on Kathleen Sibelius‘s meeting with executives of America’s top five health insurers and read a letter from a constituent. Natoma Canfield, a self-employed house cleaner, had carcinoma 16 years ago; it has been in remission for 11 years. Last year Anthem Blue Cross, who provide her with a high-deductible ($2,500) individual plan, raised her premiums 25%, to $6,075. This year they’re raising them another 40%, to $8,500. Ms Canfield  closes her letter, “Please stay focused in your reform attempts as I and many others are in desperate need of your help.”

There’s no doubt that the Obama health-care reform bill would

Screw You and Your Family Too! -OR- The Battle of Wall Street: BIG BUSINESS v everybody else

When you sell a thing, you no longer own it.

Right?

Not so in the make-believe world of Wall Street!

In the make-believe world of Wall Street, when you sell a thing, you STILL own it!

Huh?

Well, Lehman Brothers “sold” $50 BILLION of their assets, but kept possession of them, and made it appear as if they no longer owned them. Normal folks would consider that fraud, or theft. So does a U.S. Federal Bankruptcy Examiner.

Financial regulators in the United Kingdom are investigating bankrupt American Lehman Brothers for hiding more than $50,000,000,000 ($50 BILLION) in their accounts, through criminal transactions nick-named “repo transactions.”

What could you do with an extra $200 or so?

Credit Default Swaps: Why should they be outlawed?

“Credit-default swaps – where you insure your neighbor’s house just to destroy it and make money from it – that’s exactly what we have to curb.”

How dangerous is it for money traders to take bets on, and therefore exploit, a nation’s budget deficit or any other fiscal crisis?

Regarding the quote, if you guessed that Harry Reid, President Obama, Janet Reno, George W. Bush,