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Subject: Unbiased reporting the the health care industry
Nanheyangrouchuan    10/16/2009 9:49:43 PM
Relentlessly punish the health insurance industry. "http://www.msnbc.msn.com/id/33343181/ns/business-motley_fool/" Skip navigation Click here to find out more! msnbc.com home * * MSN Home | * Mail * More o Hotmail o Messenger o My MSN o Download IE8 o Airfares & Travel o Autos o Careers & Jobs o City Guides o Cooking o Dating & Personals o Games o Health & Fitness o Horoscopes o Lifestyle o Maps & Directions o Money o Movies o Music o News o Real Estate/Rentals o Shopping o Sports o Tech & Gadgets o TV o Weather o White Pages o Wonderwall o Yellow Pages o MSN Directory * Sign In * msn.com * featuring * TODAY * Nightly News * Dateline * Meet the Press * msnbc tv * NBC Sports * Business * Motley Fool sponsored by Don't be a FOOL - Click here! Categories U.S. news World news Politics Business Stocks & economy U.S. business World business Autos Real estate Retail Careers Personal finance Small business Viewpoints Sports Entertainment Health Tech & science Travel Local news Weather Browse Video Photos Disable Fly-outWhat are flyouts? The Daily Walk of Shame: "Unbiased" Health Insurance Industry Report A recent PwC report on health-care reform seems factually flawed and politically timed. The Motley Fool ? The Market's 10 Best Stocks Revealed ? The Greatest Secret of All ? Stock Advice That Will Change Your Life ? 10 Time Bomb Tickers ? Be Better Than Buffett Most popular ? Most viewed ? Top rated ? Most e-mailed Pilot survives crash, hikes 20 miles to safety Baby OK after train hits stroller in Australia Sheriff: No indication balloon ordeal was hoax Calif. man charged with threatening Obama Shortage of shots as more kids die of swine flu Most viewed on msnbc.com ?Dr. Joe? treats uninsured patients with dignity Okla. mom charged with locking son in closets Rare disease turns 3-year-old?s muscles to bone School goes from worst to among best in 3 years FAA proposes historic fines against 2 airlines Most viewed on msnbc.com Pilot survives crash, hikes 20 miles to safety Federal deficit triples from year ago The Daily Walk of Shame: "Unbiased" Health Insurance Industry Report Israelis bring green power to West Bank village Health care reform: Saving American lives Most viewed on msnbc.com By Jordan DiPietro updated 3:17 a.m. MT, Fri., Oct . 16, 2009 This new Motley Fool series examines things that just aren't right in the world of finance and investing. Here's what's got us riled today. If something's bugging you, too -- and we suspect it is -- go ahead and unload in the comments section below. Today's subject: One day before a critical vote was to occur in the Senate committee on health-care insurance reform legislation, PricewaterhouseCoopers released a report warning of increased family premiums and an overall increase in health care costs if comprehensive health-care legislation was passed. The report, paid for by the industry trade group America's Health Insurance Plans (AHIP), is intended for circulation on Capitol Hill and will also be promoted in new advertisements. Karen Ignagni, AHIP's President and CEO, said "between 2010 and 2019 the cumulative increases in the cost of a typical family policy under this reform proposal will be approximately $20,700 more than it would be under the current system". This all comes out despite a report released last week by the nonpartisan Congressional Budget Office (CBO) stating that the legislation in question would reduce the federal deficit by $81 million by 2019 and would probably extend coverage to about 29 million Americans who currently lack insurance. Story continues below ↓advertisement | your ad here Click here to find out more! Why you should be indignant: Where to begin? There are at least three very good reasons to be apprehensive of PwC's report. 1. Because the report is commissioned by AHIP, a group that represents health policies from companies like Aetna (NYSE:AET), Aflac (NYSE:AFL), and Humana (NYSE:HUM), PwC should have been extra careful to dispel any apparent conflict of interests. However, instead of performing tremendous due diligence, PwC seemed to have produced a report with too many holes to poke through and too much room left to be guessing about the legitimacy of their work. 2. It is possible that PwC was not aware when AHIP was going to release their report. However, the fact that it was unveiled one day before a critical Senate committee vote seems to be suspicious at best, and politically motivated at worst. Officials of the Obama administra
 
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sentinel28a       10/18/2009 6:14:49 AM
Punish the health care industry...because the VA, Indian Health Services, and Medicare are run so much better.
 
 
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PlatypusMaximus       10/18/2009 8:44:38 AM
Assault the liberty and property of Americans because (depending on how you look at it) the accounting industry lied about the insurance companies.
 
 
 
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Nanheyangrouchuan       10/18/2009 1:22:28 PM

Assault the liberty and property of Americans because (depending on how you look at it) the accounting industry lied about the insurance companies.

 

 


 
Insurance companies assault Americans' bodies with "no storms".  Can you think of any other industry sector in which you pay in full and on time for a service and can be legally refused use of that paid for service?
 
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sentinel28a       10/19/2009 2:10:36 AM
Home insurance.  My basement flooded and I couldn't get the insurance company to pay up, since they don't cover groundwater.
 
Same thing with my health insurance.  Surgery: covered well and pretty much paid for.  Outpatient got-the-flu? They covered a tiny bit.  But that's because I want to keep my premiums low and I don't have outpatient coverage on my plan.  If I want it, I pay more.  Kind of like if I want to ship next-day air, I have to pay more for that, too.
 
BTW, Nan, claiming that MSNBC is unbiased is like claiming Fox News is unbiased. 
 
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PlatypusMaximus       10/19/2009 8:02:33 AM
So, pass a law that bans lopsided reporting. What are you strange, strange people fighting? What are you waiting for?
The plan is to give more by having people pay more and get less. The insurance industry is a tax ID#, a logo, and people who buy insurance, you want the same thing the insurance industry wants, you just want to be the one that chooses what happens, and to who.
 
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Nanheyangrouchuan       10/19/2009 10:42:03 AM

Home insurance.  My basement flooded and I couldn't get the insurance company to pay up, since they don't cover groundwater.

 

Same thing with my health insurance.  Surgery: covered well and pretty much paid for.  Outpatient got-the-flu? They covered a tiny bit.  But that's because I want to keep my premiums low and I don't have outpatient coverage on my plan.  If I want it, I pay more.  Kind of like if I want to ship next-day air, I have to pay more for that, too.

 

BTW, Nan, claiming that MSNBC is unbiased is like claiming Fox News is unbiased. 


Still the insurance industry. Did you know that the insurance industry is going to be subsidized by the WB and IMF to go out and provide "simplified" home, property and medical policies to people in developing nations?  Sat in on that little session at World Water Week in Stockholm in August.
 
MSNBC may be biased, but Motley Fool, not so much.
 
 PM, your ideas are stupid and wrong.

 
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reefdiver       10/19/2009 11:02:13 AM
And pray tell - what evidence do we have that the government's reports on all this should be trusted? How can the government confirm or deny anything when the bills are even complete?  Talk about "choke on a gnat and swallow a camel". Nonetheless, both sides deserve to be heard.
 
The Coopers report basically said what should be intuitive to any bright high-school kid:
 
If you require everyone to buy insurance or pay a $750 annual fine
AND
If you require the insurance companies to accept all pre-existing conditions without any exclusionary period on these conditions (NOTE: the potential problem might be solved with an exclusionary period)
THEN
many savy people will pay the $750/year because its less than they would pay in premiums. Many might even drop their current policies.  They would then plan on buying insurance only if they actually needed it - perhaps paying cash for minor doctor visits (which they would anyway with a high-deductible plan).
THUS
because the plans are now being flooded with high-risk people, but the new pool of healthy people promised by the government did not sign up to help "spread the risk",
THEN
since the risk went up, but the member pool did not, then costs spread over the pool will rise instead of dropping and the insurance companies will have to raise rates. (or go out of business, but wait - they're too big too fail... We know where that leads)
 
 
 
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reefdiver       10/19/2009 11:04:03 AM
Whoops - that was supposed to be:  :How can the government confirm or deny anything when the bills AREN'T even complete?"
 
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sentinel28a       10/19/2009 8:31:51 PM
Everybody's biased, Nan.  MSNBC says "Torch the insurance industry!"  You agree with that.  Fox says "Obama is way over his head!"  I agree with that.  We're both biased. 
 
Okay, let's get rid of the insurance industry.  All of it.  Clear it out.  What do you plan on replacing it with?
 
Because I'm telling you, I like having travel insurance, the way luggage gets handled.
 
 
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Zhang Fei       10/19/2009 9:05:58 PM
BTW, Nan, claiming that MSNBC is unbiased is like claiming Fox News is unbiased. 
News coverage from Fox News is pretty even-handed. Heck, news-wise, it's a model of neutrality compared to CNN..., and the rest of news channels:
I made the point yesterday that Fox News has opinionists — pundits — and also straight, or straighter, news. And bless the network that understands the difference: the difference between news and opinion, or news and partisan attacks. On CNN, the anchorman Anderson Cooper was interviewing David Gergen. This was at the time the ?tea party? protests began. Gergen was saying that Republicans needed to find their voice. Cooper responded, smirkingly, ?It?s hard to talk when you?re teabagging.?

According to the Urban Dictionary, ?teabagging? is ?the insertion of one man?s sac[] into another person?s mouth.?

Well, CNN has opinionists, too — though when your anchorman is Anderson Cooper, do you really need opinionists? This morning, I thought of a CNN moment that a lot of us wrote about at the time. A host, D. L. Hughley, said that the 2008 Republican convention was like Nazi Germany. He said, ?It literally looked like Nazi Germany. It really did.?

It really did. Never forget that CNN is a real news network, and Fox an unreal, or fake, or illegitimate one. The Obama White House tells you that. Never forget it, never.

P.S. I don?t much care whether CNN has comedians saying the Republicans are Nazis. To be a Republican — certainly a conservative — is to be called a Nazi almost as a matter of routine. But could the CNN types stop whining about Fox? Get off their high horses about Fox? That?s the bothersome thing: the clueless hypocrisy (although if hypocrisy is clueless, is it genuinely hypocrisy? To be taken up later . . .).
 
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