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Radical idea? Cap profits on insurance companies.

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garybeck Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Wed Nov-04-09 03:59 PM
Original message
Radical idea? Cap profits on insurance companies.
Why not just put a cap on the profits for the insurance companies. It could be a percentage of net revenues. If they go over, the excess goes into a fund to low income people obtain coverage (to help pay for the public option).
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   Replies to this thread
   more radical idea  handmade34   Nov-04-09 04:10 PM   #1 
   That's the ticket!  FiveGoodMen   Nov-04-09 04:12 PM   #2 
   More radical idea yet:  Brigid   Nov-04-09 04:13 PM   #3 
   let us do it!  handmade34   Nov-04-09 04:31 PM   #6 
   That's actually in the House bill.  iceman66   Nov-04-09 04:16 PM   #4 
   Unworkable and it would be seen by many as somewhat un-American  el_bryanto   Nov-04-09 04:21 PM   #5 
 
handmade34 Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Donate to DU! Wed Nov-04-09 04:10 PM
Response to Original message
1. more radical idea
make it illegal for an insurance company to profit at all and then cap wages of the CEO and other execs
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FiveGoodMen Donating Member (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Wed Nov-04-09 04:12 PM
Response to Reply #1
2. That's the ticket!
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Brigid Donating Member (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Wed Nov-04-09 04:13 PM
Response to Original message
3. More radical idea yet:
Single-payer. Lets do it.
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handmade34 Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Donate to DU! Wed Nov-04-09 04:31 PM
Response to Reply #3
6. let us do it!
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iceman66 (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Wed Nov-04-09 04:16 PM
Response to Original message
4. That's actually in the House bill.
If it passes as written, 85% of premiums will have to go toward actually providing health care. This amounts to a cap on profits.
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el_bryanto Donating Member (965 posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Wed Nov-04-09 04:21 PM
Response to Original message
5. Unworkable and it would be seen by many as somewhat un-American
If a company is getting profits they don't deserve by gaming the system than close those loopholes and regulate it more (and introduce a public option to keep them honest).

Single Payer is better than this proposal in several ways.

Bryant
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