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View Diary: A shocking Obamacare fact no one realizes (195 comments)

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  •  A public option diary for those who (2+ / 0-)
    Recommended by:
    caul, kovie

    never quite understood what a public option is. The two can’t honestly be compared. There is no such thing as “non-profit”. Private insurers are participating in these programs for tax-deductions/breaks (that we pay for). When all the beans are counted, these private “non-profit” plans cost just as much as any of the other plans.

    •  So are the doctors and hospitals (0+ / 0-)

      and all the rest of the health care system.

      I'm asking you to believe. Not in my ability to bring about real change in Washington ... *I'm asking you to believe in yours.* Barack Obama

      by samddobermann on Wed Oct 31, 2012 at 06:49:05 AM PDT

      [ Parent ]

    •  I worked for a "not for profit" health insurer (2+ / 0-)
      Recommended by:
      Miggles, Mike Taylor

      It was "not for profit" in a technical sense only. It absolutely had profits (i.e. the surplus after expenses were deducted from revenues), but instead of them going to shareholders and investors, some of it was reinvested in itself (which was legally mandated to cover potentially huge claims), and some went to top execs as compensation. I think the CEO made a million a year or so at the time. He did not take the job out of altruism, that's for sure. Nor did the top execs.

      In the US we've made an art out of clever lying. It's a national disease.

      "Liberty without virtue would be no blessing to us" - Benjamin Rush, 1777

      by kovie on Wed Oct 31, 2012 at 08:00:01 AM PDT

      [ Parent ]

    •  what about (0+ / 0-)


      GEHA is an excellent non profit entity.

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