Democratic Primaries
Related: About this forumprimary today, I would vote for: Undecided
katmondoo
(6,454 posts)primary today, I would vote for: Joe Biden
Voltaire2
(13,009 posts)?
primary today, I would vote for: Undecided
Hassin Bin Sober
(26,325 posts)primary today, I would vote for: Undecided
roody
(10,849 posts)primary today, I would vote for: Undecided
Voltaire2
(13,009 posts)private employer based insurance with its copays, deductibles, denial of coverage, surprise out of network bills and mystery expenses. And we are very enthusiastic about being allowed to purchase individual coverage through a public option if we get laid off and get to choose between health insurance premiums and mortgage payments or more likely bankruptcy.
primary today, I would vote for: Undecided
Hassin Bin Sober
(26,325 posts)people act like insurance does anything other than churn our own money while skimming and denying.
They dont create or innovate. Its our fucking money.
Insurance was initially a socialist idea. It should never have been allowed to be for-profit anyway
primary today, I would vote for: Undecided
NYMinute
(3,256 posts)(Unless of course when it is made from book deals)
primary today, I would vote for: Joe Biden
Voltaire2
(13,009 posts)Not everything is appropriate for commodification.
primary today, I would vote for: Undecided
NYMinute
(3,256 posts)or Telephone companies or housing construction companies or clothing manufacturers or food conglomerates?
They all commodify very essential things for people's life.
primary today, I would vote for: Joe Biden
Voltaire2
(13,009 posts)Car ownership isnt.
primary today, I would vote for: Undecided
betsuni
(25,465 posts)I post this because some people think nobody ever said this before and Democrats haven't been fighting for health care as a basic human right for many decades.
primary today, I would vote for: Joe Biden
Hassin Bin Sober
(26,325 posts)I guess we save ourselves a trip to the yahoo comments section to hear that nonsense.
primary today, I would vote for: Undecided
ehrnst
(32,640 posts)primary today, I would vote for: Joe Biden
NYMinute
(3,256 posts)Or having a shelter and clothing?
primary today, I would vote for: Joe Biden
George II
(67,782 posts)primary today, I would vote for: Joe Biden
bluewater
(5,376 posts)The health insurance industrys mouthpiece doesnt want the rest of us to know what Wall Street knows well the record-breaking profits of the health insurance companies are, in fact, excessive.
In response to astonishingly high first-quarter profit reports from health insurance companies, the industry trade group Americas Health Insurance Plans (AHIP), claims it is among the least profitable health care industries. AHIP says the health insurance industry profit margin is only 4.4%, and that this low margin represents less than one penny out of every dollar spent on all health care in the U.S. These are simplistic and misleading statistics.
Last week the New York Times reported that the health insurance industry is enjoying record earnings while millions of Americans get less medical care. Wall Street investors are delighted with the industrys profits, and to health insurance executives, thats all that counts. Insurance CEOs want investors to buy their stock and keep share prices marching higher, and thats exactly what has happened. To achieve excessive profits, insurers are happy to gouge consumers and small businesses, do little to rein in medical costs and spend billions of our premium dollars on lobbying, secret political activities, bloated executive pay and stock buybacks.
AHIPs focus on profit margins is misleading and designed to protect their massive income by shifting attention away from their return on equity a key measure of profits as a percentage of the amount invested. That return is a phenomenal 16.1% as of today. By that measure, health insurers are ranked fourth highest of the 16 industries in the health care sector. They also deliver a higher return for investors than cellphone companies, beer companies, mortgage companies, life insurance companies, TV broadcasters, drug store companies or grocery stores.
AHIP likes to talk about how insurance profits are a small share of national health spending less then one penny of every dollar spent on health care in the U.S. but that is an absurd, deceptive and self-serving statistic. Yet even their own chart of this data shows that the share of the health care economy sucked up by health insurance profits has more than tripled over the past decade.
https://www.huffpost.com/entry/the-truth-about-health-in_b_863632
primary today, I would vote for: Joe Biden
George II
(67,782 posts)No amount of spin will change that.
https://www.investopedia.com/ask/answers/052515/what-usual-profit-margin-company-insurance-sector.asp
The insurance industry's net margin in 2017 ranged between 3 and 10.5%. Life insurance had the widest range between quarters, from 3% to 9.6%; property and casualty insurance were at 3% to 8%; and health insurance had the narrowest range of 4% to 5.25%. The net margin for insurance brokerages in 2017 was higher than that of the insurance industry overall, at 9.27% to 10.5%.
primary today, I would vote for: Joe Biden
bluewater
(5,376 posts)"AHIPs focus on profit margins is misleading and designed to protect their massive income by shifting attention away from their return on equity a key measure of profits as a percentage of the amount invested.
That return is a phenomenal 16.1% as of today"
The Truth About Health Insurance Company Profits: They're Excessive
https://www.huffpost.com/entry/the-truth-about-health-in_b_863632
primary today, I would vote for: Joe Biden
George II
(67,782 posts)....vs revenue.
If share price increases, the operation of the company itself is totally unaffected.
Profit margin is based on day to day operations - money in (premiums) vs. money out (payments to hospitals/doctors/labs, salaries, utilities, rent, etc.) Share price (i.e., "equity" ) has nothing to do with that.
primary today, I would vote for: Joe Biden
bluewater
(5,376 posts)In other words the shareholders' "stake" in the business versus the amount of money they make for investing that amount of capital.
Again, that return is a phenomenal 16.1% as of today
AHIPs focus on profit margins is misleading and designed to protect their massive income by shifting attention away from their return on equity a key measure of profits as a percentage of the amount invested. That return is a phenomenal 16.1% as of today. By that measure, health insurers are ranked fourth highest of the 16 industries in the health care sector. They also deliver a higher return for investors than cellphone companies, beer companies, mortgage companies, life insurance companies, TV broadcasters, drug store companies or grocery stores.
What Is Return on Equity ROE?
Return on equity (ROE) is a measure of financial performance calculated by dividing net income by shareholders' equity. Because shareholders' equity is equal to a companys assets minus its debt, ROE could be thought of as the return on net assets.
primary today, I would vote for: Joe Biden
George II
(67,782 posts)If a stock price goes from $19 to $20, shareholder equity rises about 5% but the operation, and profit, of the company is unaffected.
primary today, I would vote for: Joe Biden
bluewater
(5,376 posts)One of the most important profitability metrics is a return on equity, or ROE for short. Return on equity reveals how much after-tax profit a company earned in comparison to the total amount of shareholder equity found on the balance sheet. ... It's what the shareholders "own".
Return on Equity (ROE) and Income Statement Analysis - The Balance
https://www.thebalance.com/return-on-equity-roe-357601
AHIPs focus on profit margins is misleading and designed to protect their massive income by shifting attention away from their return on equity a key measure of profits as a percentage of the amount invested. That return is a phenomenal 16.1% as of today.
The Truth About Health Insurance Company Profits: They're Excessive
The health insurance industrys mouthpiece doesnt want the rest of us to know what Wall Street knows well the record-breaking profits of the health insurance companies are, in fact, excessive.
In response to astonishingly high first-quarter profit reports from health insurance companies, the industry trade group Americas Health Insurance Plans (AHIP), claims it is among the least profitable health care industries. AHIP says the health insurance industry profit margin is only 4.4%, and that this low margin represents less than one penny out of every dollar spent on all health care in the U.S. These are simplistic and misleading statistics.
Last week the New York Times reported that the health insurance industry is enjoying record earnings while millions of Americans get less medical care. Wall Street investors are delighted with the industrys profits, and to health insurance executives, thats all that counts. Insurance CEOs want investors to buy their stock and keep share prices marching higher, and thats exactly what has happened. To achieve excessive profits, insurers are happy to gouge consumers and small businesses, do little to rein in medical costs and spend billions of our premium dollars on lobbying, secret political activities, bloated executive pay and stock buybacks.
AHIPs focus on profit margins is misleading and designed to protect their massive income by shifting attention away from their return on equity a key measure of profits as a percentage of the amount invested. That return is a phenomenal 16.1% as of today. By that measure, health insurers are ranked fourth highest of the 16 industries in the health care sector. They also deliver a higher return for investors than cellphone companies, beer companies, mortgage companies, life insurance companies, TV broadcasters, drug store companies or grocery stores.
AHIP likes to talk about how insurance profits are a small share of national health spending less then one penny of every dollar spent on health care in the U.S. but that is an absurd, deceptive and self-serving statistic. Yet even their own chart of this data shows that the share of the health care economy sucked up by health insurance profits has more than tripled over the past decade.
https://www.huffpost.com/entry/the-truth-about-health-in_b_863632
primary today, I would vote for: Joe Biden
George II
(67,782 posts)...it relates to investors in the stock market, who buy and sell stocks over and over again all day every day. Many of them have no concern with what the company actually does, they don't care - they just want to buy a stock, see the price go up, and sell it.
primary today, I would vote for: Joe Biden
bluewater
(5,376 posts)AHIPs focus on profit margins is misleading and designed to protect their massive income by shifting attention away from their return on equity a key measure of profits as a percentage of the amount invested. That return is a phenomenal 16.1% as of today. By that measure, health insurers are ranked fourth highest of the 16 industries in the health care sector. They also deliver a higher return for investors than cellphone companies, beer companies, mortgage companies, life insurance companies, TV broadcasters, drug store companies or grocery stores.
Aren't the SHAREHOLDERS really "the company"? It's their money invested. The Shareholders are getting a 16.1% RETURN on EQUITY they have invested.
primary today, I would vote for: Joe Biden
George II
(67,782 posts)....objectively read what I've said about "return on equity" vs. operating profit/profit margin. Neither affects the other.
primary today, I would vote for: Joe Biden
bluewater
(5,376 posts)So it's worth repeating, right?
AHIPs focus on profit margins is misleading and designed to protect their massive income by shifting attention away from their return on equity a key measure of profits as a percentage of the amount invested. That return is a phenomenal 16.1% as of today. By that measure, health insurers are ranked fourth highest of the 16 industries in the health care sector. They also deliver a higher return for investors than cellphone companies, beer companies, mortgage companies, life insurance companies, TV broadcasters, drug store companies or grocery stores.
primary today, I would vote for: Joe Biden
George II
(67,782 posts)....what I've already done.
Have a good afternoon.
primary today, I would vote for: Joe Biden
TheFarseer
(9,322 posts)I trade stocks frequently and watch a lot of videos/read a lot of articles on the subject. Profit margin is almost never mentioned. It is definitely never mentioned comparing stocks in different industries because different profit margins are good for different industries.
primary today, I would vote for: Undecided
bluewater
(5,376 posts)The share of the health care economy sucked up by health insurance profits has more than tripled over the past decade.
Last week the New York Times reported that the health insurance industry is enjoying record earnings while millions of Americans get less medical care. Wall Street investors are delighted with the industrys profits, and to health insurance executives, thats all that counts. Insurance CEOs want investors to buy their stock and keep share prices marching higher, and thats exactly what has happened. To achieve excessive profits, insurers are happy to gouge consumers and small businesses, do little to rein in medical costs and spend billions of our premium dollars on lobbying, secret political activities, bloated executive pay and stock buybacks.
AHIPs focus on profit margins is misleading and designed to protect their massive income by shifting attention away from their return on equity a key measure of profits as a percentage of the amount invested. That return is a phenomenal 16.1% as of today. By that measure, health insurers are ranked fourth highest of the 16 industries in the health care sector. They also deliver a higher return for investors than cellphone companies, beer companies, mortgage companies, life insurance companies, TV broadcasters, drug store companies or grocery stores.
AHIP likes to talk about how insurance profits are a small share of national health spending less then one penny of every dollar spent on health care in the U.S. but that is an absurd, deceptive and self-serving statistic. Yet even their own chart of this data shows that the share of the health care economy sucked up by health insurance profits has more than tripled over the past decade.
https://www.huffpost.com/entry/the-truth-about-health-in_b_863632
primary today, I would vote for: Joe Biden
HerbChestnut
(3,649 posts)That brings our cost per capita spent on healthcare down from $10,739 (by far the highest of any country in the world) to between $10,309-$10,148. Not bad, but it's a start. Thanks, George!
primary today, I would vote for: Undecided
bluewater
(5,376 posts)primary today, I would vote for: Joe Biden
corbettkroehler
(1,898 posts)The tweet was awesome and your context widened my smile!
primary today, I would vote for: Undecided
CTyankee
(63,903 posts)primary today, I would vote for: Joe Biden
NewDayOranges
(692 posts)Is this a credible source for a complaint of this type or is this a parody site?
primary today, I would vote for: Joe Biden
Voltaire2
(13,009 posts)primary today, I would vote for: Undecided
NewDayOranges
(692 posts)Since W's time, it's hard to tell fact from parody!
primary today, I would vote for: Joe Biden
YOHABLO
(7,358 posts)I would say analogous to FOX being the right arm of the GOP.
primary today, I would vote for: Undecided
Celerity
(43,315 posts)sowing the seeds of discord seems to be their main play
primary today, I would vote for: Joe Biden
NYMinute
(3,256 posts)You know -- that divisive candidate who is always railing against Democrats while trying to get their votes?
Yes, THAT one!
primary today, I would vote for: Joe Biden
Hortensis
(58,785 posts)primary today, I would vote for: Joe Biden
guillaumeb
(42,641 posts)But it is your fault that I coughed up my tea.
primary today, I would vote for: Joe Biden
Voltaire2
(13,009 posts)primary today, I would vote for: Undecided
guillaumeb
(42,641 posts)Very funny.
Wait until Trump sees this one.
primary today, I would vote for: Joe Biden
Uncle Joe
(58,349 posts)Thanks for the thread Voltaire.
primary today, I would vote for: Undecided
comradebillyboy
(10,143 posts)Other than his employees?
primary today, I would vote for: Joe Biden
Voltaire2
(13,009 posts)primary today, I would vote for: Undecided
betsuni
(25,465 posts)He claimed to have helped write it, voted for it, defended it when Republicans held Congress: "Our job is to improve the ACA, not simply destroy it and repeal it for political reasons."
Improving the ACA, best path to universal health care right now.
primary today, I would vote for: Joe Biden
questionseverything
(9,651 posts)I know cause I use em
primary today, I would vote for: Undecided
betsuni
(25,465 posts)primary today, I would vote for: Joe Biden
JudyM
(29,233 posts)Excellent legislative jockeying by Sanders.
primary today, I would vote for: Undecided
Hassin Bin Sober
(26,325 posts)Oh now Im so confused!
primary today, I would vote for: Undecided
NYMinute
(3,256 posts)It's over for Senator BS. All the proselytizing is a waste of electrons and time.
primary today, I would vote for: Joe Biden
Voltaire2
(13,009 posts)primary today, I would vote for: Undecided
Beto is a real Democrat
primary today, I would vote for: Joe Biden
Voltaire2
(13,009 posts)Whereas Sanders Warren Biden and Harris are all very much in the running.
primary today, I would vote for: Undecided
NYMinute
(3,256 posts)primary today, I would vote for: Joe Biden
silentEcho
(424 posts)primary today, I would vote for: Undecided
Voltaire2
(13,009 posts)The Sanders campaign will be relieved.
primary today, I would vote for: Undecided
lapucelle
(18,250 posts)MSNBC reports them anyway. Therefore MSNBC is in league with the DNC"?
That's not funny. It's just weird.
primary today, I would vote for: Joe Biden
JI7
(89,247 posts)primary today, I would vote for: Undecided
lapucelle
(18,250 posts)I would say analogous to FOX being the right arm of the GOP.
https://upload.democraticunderground.com/1287213731#post11
primary today, I would vote for: Joe Biden
George II
(67,782 posts)primary today, I would vote for: Joe Biden
lapucelle
(18,250 posts)"MSDNC" is busily sowing seeds of doubt by implying that MSNBC is party propaganda / fake news in the same vein as Fox.
And they're hiding their efforts to marginalize a reliable news/opinion source behind the "oh, we were only joking" defense.
This is the kind of crap that delivered the White House to Trump in 2016.
*************************************************************************************************
And who exactly are the "centrist" consumers of MSNBC's "Fox-like propaganda"?
Supporters of Amy Klobuchar?
Amy Klobuchar is a Populist-Leaning Liberal.
**********************************************************************************************
Supporters of Ilhan Omar?
Ilhan Omar is a Populist-Leaning Liberal.
***************************************************************************************************
Supporters of Speaker Pelosi?
Nancy Pelosi is a Hard-Core Liberal.
****************************************************************************************************
There's propaganda afoot, but it's not coming from MSNBC.
primary today, I would vote for: Joe Biden
silentEcho
(424 posts)I think I am always surprised how left Pelosi is when I see this periodically because the way our far left talk about her I would think she is more centralist.
primary today, I would vote for: Undecided
lapucelle
(18,250 posts)"fake news" because it fails to confirm his biases. He lives in Omar's district!
https://twitter.com/hunter_penn_h
primary today, I would vote for: Joe Biden
WhiskeyGrinder
(22,326 posts)primary today, I would vote for: Undecided
Voltaire2
(13,009 posts)I love it when somebody finds the twist to make a simple joke a major upset.
Well done!
primary today, I would vote for: Undecided
silentEcho
(424 posts)have at it.
Well done!
primary today, I would vote for: Undecided
mr_lebowski
(33,643 posts)primary today, I would vote for: Joe Biden
silentEcho
(424 posts)I had a reply to my comment right above the post, but for whatever reason I thought this one was the reply to me. Stuff happens.
primary today, I would vote for: Undecided
lapucelle
(18,250 posts)is the Democratic Party's version of Fox fake news and essentially a propaganda outlet?
Not only is this anti-Democratic Party garbage, but it's also sowing the seeds of doubt concerning whether or not we can trust genuine news sources.
primary today, I would vote for: Joe Biden
LanternWaste
(37,748 posts)Almost as lovingly as cowering behind implication for plausible deniability at the expense of an actual concern.
Well done, indeed!
(space provided free of charge below for distinctions lacking relevant differences)
primary today, I would vote for: Joe Biden
lapucelle
(18,250 posts)primary today, I would vote for: Joe Biden
ehrnst
(32,640 posts)No surprise it's such a hit here.
primary today, I would vote for: Joe Biden
elleng
(130,865 posts)primary today, I would vote for: Undecided
Amimnoch
(4,558 posts)Its not something that can happen at all through executive order.
It only happens by passing a bill through congress.
How many decades has he been a Senator? Has he even come close to passing a healthcare for all bill in the Senate during either the Republican majority congress periods or the Democratic Party majority congress periods??
Seems to me that its just making more promises that he cannot keep.
Difference between a President Sanders and a President.. well any other Democratic Party member running: I have absolute confidence that ANY other candidate running for our party, if provided with a hard fought for bill that makes ANY improvement to our healthcare system will sign said legislation.. A president Sanders? No confidence at all unless said bill meets his purity test criteria, and said bill is definitely not happening in the next congress, probably still wont in the congress of the 2022 elections.
Conversely, if BS remains a Senator, in the 2022 congress, he may actually have a shot (a better one at that than as President) of getting a Medicare for all bill passed, and I dont doubt for a second that any other Democratic Party member running for PUTUS (yes, even Joe Biden even though it isnt his platform) will happily sign off on it if it comes across their desk.
Result: Any other Democratic Party candidate and we at least have a shot at making some progress with Healthcare.. not so much with BS.
primary today, I would vote for: Undecided
Hassin Bin Sober
(26,325 posts)primary today, I would vote for: Undecided
Amimnoch
(4,558 posts)primary today, I would vote for: Undecided
BannonsLiver
(16,369 posts)They might post a pic of David Brock from 2016 as was done in another thread.
You know its going south for Bernie when the David Brock references start popping up from his followers.
primary today, I would vote for: Undecided
LanternWaste
(37,748 posts)Substance, being neither trendy nor simple is denied in favor of the simplistic.
(space provided free of charge below for "hipster slogan on back of t-shirt here"
primary today, I would vote for: Joe Biden
highplainsdem
(48,968 posts)primary today, I would vote for: Joe Biden
Vegas Roller
(704 posts)for a campaign that itself is a parody
primary today, I would vote for: Joe Biden
floppyboo
(2,461 posts)the bait is fishy. Wish we didn't have to use outrage, in this case, the implied violence on women, as a hook.
primary today, I would vote for: Undecided
Response to Voltaire2 (Original post)
SouthernProgressive This message was self-deleted by its author.
Voltaire2
(13,009 posts)primary today, I would vote for: Undecided
ehrnst
(32,640 posts)Taxpayers provide it for his Senate staffers.
primary today, I would vote for: Joe Biden