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Originally posted by grapesofraft
reply to post by Animal
That is ridiculous. You realize assets include things like the buildings they work from and the equiptment they use, like desks, computers, phones, etc... The other larger part of the assets number is their investments.
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In business and accounting, assets are economic resources owned by business or company. Any property or object of value that one possesses, usually considered as applicable to the payment of one's debts is considered an asset. Simplistically stated, assets are things of value that can be readily converted into cash.
Originally posted by grapesofraft
This is how insurance companies function. They invest their money hoping ot get a positive return so they will have the cash they need to pay for the millions of dollars of expenses they incur when you get something like cancer.
Originally posted by grapesofraft
What do you expect them to do, run their business out of tents and cardboard boxes and process your claim on an abacus? Or maybe you would rather communicate your billing issues to them via morse code than to use a phone.
Originally posted by grapesofraft
As far as stockholder equity that is not something that comes out of the revenues. It is a gamble on future profits of the company. It doesnt take one dime away from paying expenses.
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Shareholders' equity comes from two main sources. The first and original source is the money that was originally invested in the company, along with any additional investments made thereafter. The second comes from retained earnings which the company is able to accumulate over time through its operations. In most cases, the retained earnings portion is the largest component .
Originally posted by grapesofraft
Ok so one guy made a lot of money. You have to pay well to get a good CEO or they will just go to another company to work. Do you want some moron running the insurance business into the ground?
Originally posted by grapesofraft
You wait until the government gets control of things they will waste way more than 50 billion a year just by doing things the way they usually do. Their will be corruption and every other sort of craziness imaginable.
[edit on 7/31/2009 by grapesofraft]
Originally posted by marg6043
One thing that worries me is the quality of health care we may get, if private hospitals will start to compensate their loses by cutting on staff and technological advances, like equipment.
So I wonder if the government will start opening their own government run hospitals and if they will forward the money for new medical advances.
Originally posted by marg6043
reply to post by Animal
The problem with Americas government is that believe it or not it has a very bad record when it comes to government run programs.
You do know that right?
Originally posted by marg6043
Too many private interest having our for the people elected officials deep down in their pockets.
Originally posted by marg6043
BTW the only ignorants are those that refuse to see beyond the promises of Utopia.
Originally posted by grapesofraft
reply to post by Animal
You are from Mexico, so what is your interest in whether Americans have free healthcare or not. Is it because you know some people who would like to cross the border and get some free health care or do you just want to see our country fail?
[edit on 7/31/2009 by grapesofraft]
Originally posted by grapesofraft
reply to post by Animal
It will get worse.
Originally posted by grapesofraft
I found this article about Nancy Pelosi, aka Skeletor aka Wind Tunnel aka Plastic Surgery Addict, ranting and raving like some lunatic about the evil private insurance companies.
Her anomosity toward them is obvious. How are we supposed to believe her or Obama when they say they dont plan to destroy private insurance when she says things like this in public?
WASHINGTON (Reuters) - U.S. House of Representatives Speaker Nancy Pelosi on Thursday ramped up her criticism of insurance companies, accusing them of unethical behavior and working to kill a plan to create a new government-run health plan.
"It's almost immoral what they are doing," Pelosi said to reporters, referring to insurance companies. "Of course they've been immoral all along in how they have treated the people that they insure," she said, adding, "They are the villains. They have been part of the problem in a major way. They are doing everything in their power to stop a public option from happening."
Source
Originally posted by grapesofraft
Since you are so into hard facts why dont you explain to me with facts how in the hell they are going to be able to pay for this without a massive tax increase.
Originally posted by grapesofraft
reply to post by Animal
No kidding? LMAO!
Lets look at the number 1, United Health Group. They made 4 billion on 71 billion in sales. That is not an unreasonable amount of profit on that much revenue. What about the years they loose money. Are you going to make up the difference. Also, who is going to invest in a company that continually makes say 5 million on 71 billion on sales... just about nobody.
Also, look at number 10, Centene. They lost 44 million on 51 million in sales. So not everybody is rolling in a pile of cash.