Feck wrote:Wow 8 pages !let me know when you you realise why most of the world laughs at Republicans ,
Most of you over in Europe don't really know what you're talking about. But, needless to say - they just won quite number of victories 10 days ago.
Feck wrote:
I'm not lumping you in with them , but the stupid Obama bashing that seems to be going on in America is quite comical ,
Bashing?
Well, it's not just going on over here.
Feck wrote:
the fact that Tea party seems to actually be a well supported movement just confirms that truth honesty and history have been thrown away in favour of ill informed nationalist rhetoric .Your declared support of individual rights is in stark contrast to your assumption that that what is best for companies esp big global companies is best for the people .
I've never once stated or implied that I think that what is best for companies is best for the people.
Feck wrote:
I would like you to explain how a whole industry of health insurance can profitably exist without all of their costs and profits being taken from the money that people pay for their health care ?
That's a rather incoherent question, but I think you're asking me to explain how the health insurance industry can make profits without all the "costs and profits" being ten from the money people pay for health insurance premiums.
The short answer is that they can't. People pay for health insurance by paying premiums. A "premium" is the "price" at which a health insurance policy is sold. How else would it work? Health insurance companies charge people premiums. They use the premiums to pay fixed and variable costs, like overhead, salaries, operating costs, etc., any money not going for day-to-day operating costs is invested to try to make some interest. Then they take total revenues and subtract out the cost of doing business and that leaves the gross profit margin. Some of that has to go back into the business for a variety of reasons, some is paid out in taxes, and that leaves a net profit, which can be distributed to the shareholders as dividends, or stored as liquid capital on hand, bonused out to employees, or a number of other things.
Are you under the impression that your health care in your country is "cost free?" Not paid for?