In Clinton's closing statement.....and about health care....

[Sivart]

In Clinton's closing statement, I believe there was a clear and unmistakable admission that all of the money DOES result in influence. It will be interesting to see if this used by Sanders. It seemed to me like she just flat out admitted it.

Also, something that I think is constantly overlooked relative to the health care debate is this - The insurance companies = wall street.

Insurance companies do not make their profits from the premiums they collect, and the amount of collected premiums versus the amount paid out in claims......that is not how they make their money.

The insurance companies take the premiums and invest it all in wall street. This is where their profits come from.

The insurance companies all have what is called reinsurance to cover them during periods when they have high CAT rates, like an active hurricane or tornado season.

Thus, when congress is lobbied to pass mandatory insurance laws and the like, this lobbying is being done by not just the insurance lobby, but also by the wall street lobby......because all of those premiums collected get turned into play money for wall street.

The banks, wall street, and the insurance companies are all gaming the wall street system and they are doing it together.

Think about the wall street crash, and how hard the insurance companies were hit by it.

The point I am getting at about insurance is that, in my opinion, as long as our health care plan involves wall street, its going to have a layer of greedy suck that you just can't escape. And I wish that both candidates on our side would connect these dots for the voters.

[dchill]

1. "a layer of greedy suck..."

VERY nice turn of phrase!

[Hoyt]

2. Actually health insurance, unlike say life insurance, doesn't produce a lot of investment income.

What comes in as premiums, goes out pretty quickly as medial payments and administrative cost. I'm sure they make some investment money, just like the corner Pizza place makes some money off short-term investments. But, it ain't much.

[TheProgressive]

3. You are absolutely incorrect about 'all premiums are invested in Wall Street'

And you are incorrect about 'where their profits come from'.

Insurance companies make their profit from 'premiums - expenses'. In this
case, expenses is having to pay providers.

They can take their 'net profits' and do whatever they want, including investing.

Nice try...NOT!

[hill2016]

4. all I can tell is that

you misunderstand how insurance companies and Wall Street companies work