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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       10/22/2009 2:50:11 PM
I want to have sex with Nan.
 
 
Well, not really, but I wanted to show that conservatives aren't afraid to talk about sex.  (You watch Bill O'Reilly lately? The dude is all about sex.)  Was there a particular sexual topic you wished to address, Nan?  I'll warn you that I'm not into the kinky stuff. 
 
What Fei is referring to is MSNBC and CNN referring to Tea Parties as "teabagging," which I can explain more fully if anyone here is unfamiliar with it.  It's toilet humor, and the anchors are snorting and giggling about it like kindergartners if someone busts a fart during nap time.  Walter Cronkite and Edward Murrow would've been sickened at such sophomoric antics on national TV, and rightfully so.  Cronkite may have been a diehard liberal, but the man had class.  He wouldn't have done that. 
 
It reminds me of schoolyard arguments back when I was in high school, which usually ended in "Oh yeah? Well, you're gay!"  when the other side couldn't defend their own views or just wanted to put down the other person.  That's basically what the "teabagging" references are, or the "HUR HUR PALIN IZ DUM" meme on Everyone-But-Fox mainstream media outlets.  They don't understand what the Tea Parties are about, and don't care to actually find out if Palin is dumb, but since they're conservatives...open season to be the schoolyard bully:  "Oh yeah? Well...you're stupid, you stupidhead!"
 
Hell, we'd be better off if Elmo was running "Countdown."
 
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Zhang Fei    And now for a few words from Reverend Al Sharpton   10/23/2009 1:30:56 PM
And now, for more unbiased reporting... from the news (i.e. not Fox) media:
 
Well, this was really amazing: Contessa Brewer, an anchorwoman for MSNBC, was introducing the Rev. Jesse Jackson. But she introduced him as: the Rev. Al Sharpton. According to the Associated Press, ?Jackson stared at the camera from a studio in Burbank, Calif., and said, ?I?m Rev. Jesse Jackson.?? Recovering, Brewer said, ?We all know who you are, Rev. Jackson. I?m so sorry.?

 

Fine, fine. We all slip up. An understandable mistake. But I ask you: What if that mistake had been made by a Fox News person? Can you imagine? Can you imagine? ?Fox News, the right-wing network, can?t even tell two black men apart — can?t even tell the two reverends apart. They?re all the same to them.? La Contessa is lucky she works for a network known as left-wing.

 

(By the way: Al Sharpton must have loved it, Jackson?s being introduced as Sharpton.)

 

You?ve perhaps heard about Contessa Brewer before. She?s the one who reported interestingly on the Second Amendment protest staged in Phoenix, outside the Convention Center, where President Obama was giving a speech. MSNBC showed a man — the middle of his body — packing heat. Brewer said, ?There are questions about whether this [the protest] has racial overtones. I mean, here you have a man of color in the presidency and white people showing up with guns.?

 

Unfortunately for La Contessa and MSNBC — you would think — the man being featured, Christopher Broughton, was black.

 

Oh, well. These are really weird times, in the media especially.

 
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Heorot    NHS   10/23/2009 5:26:34 PM
I am 61 and pay $160 per month state health insurance.
 
For that, all my medical bills are nil; from basic anti-biotics to  major surgery, all free. The only thing that isn't free is non-medical nursing care and even that is subsidised by the state if the money runs out.
 
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PlatypusMaximus       10/23/2009 6:51:49 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?


 Didn't Get What I Paid For? Pick a day of the week, just recently I specifically ordered a number14 with fries and got a number 2 with onion rings.
Tell ya what, why don't you show me a country where purchasing a good or a service a requirement of lawful citizenship and then I'll compare that to the system here, warts and all.
 
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warpig       10/23/2009 7:51:26 PM

I am 61 and pay $160 per month state health insurance.

 

For that, all my medical bills are nil; from basic anti-biotics to  major surgery, all free. The only thing that isn't free is non-medical nursing care and even that is subsidised by the state if the money runs out.




 
For all I know, I'm about to shoot myself in the foot, as I have no particular knowlege about health care in the uK, but here goes....
 
There are about 60million people in the UK, which I'd guess means about 45million adults, which I'd guess means about 30million people who make insurance payments.
 
30million x $160 x 12 = $58billion.
 
I'm guessing the UK health care budget is higher than that.  If so, where do you suppose the rest of the money comes from to pay for it?
 
I'm suggesting that payments made explicitly to fund "health care" may not be the only payments you make that ultimately end up funding health care.  Again, I realize I may be wrong.  I only bring it up because the way you said that seemed to leave open the possibility that you might not be accounting for all that you pay for health care.
 
Ultimately, it doesn't matter to me whether I am right or wrong with this guesswork with regard to American health care, as to me the issue of socialized medicine in America (like so many other issues of the day) has nothing to do with how much it costs--at least not until after it is first shown to satisfy the mandatory prerequisite consideration for all federal government action:  Does the federal government have the authority to act in the manner proposed?
 
And of course the answer to that question regarding this subject is, "Clearly none whatsoever."
 
 
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Zhang Fei       10/24/2009 7:42:14 AM
warpig: 30million x $160 x 12 = $58billion.

NHS's 2008 budget was about $160b. $100b was made up from other sources that include VAT, and gasoline taxes. Divided by 30m taxpayers, that's about $277 per taxpayer per month, meaning that that $160 premium was actually a (160+277) = $437 premium. The NHS makes insurance appear cheaper by charging the part of the budget that isn't covered by premiums to wealthy people (who drive more and buy more things).
 
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PlatypusMaximus       10/24/2009 10:41:25 AM
The price really doesn't matter to this bunch. The price is either gouging, fixing or undercutting. You can't placate liberals.
What Nan, MSNBC, and corruptocrats want is people to charge what people can afford to pay, they want the market to work like taxes. They want the government to engage in a monopoly and price fixing for them. Of course,they don't want to commit their own labor to what people can afford to pay, but by golly, if they want a corvette and can only afford a hyundai, then somebody owes them something, and it should be permanent law.
 
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