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View Diary: Health Insurance Stocks HAMMERED - Wall Street's Take on Health Care Reform (18 comments)

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  •  It seems as if they are inflated (0+ / 0-)

    and heavily invested in the hinky mortgage market, too.
    My sense is that as middle men, they make a lot of money figuring out how to deny claims and generating a lot of useless paperwork that must be tracked in order for hospitals and doctors to get paid, inflating health care costs as myriad administrators and clerks are hired to track what amounts to a shell game of misinformation and trickery.

    These folks have lived large, overly large and unaccountable for a long time.

    Now that insurance "practices" are getting some exposure (finally) it may also be that some individuals are just choosing to avoid fueling a corrupt system that is ruining medical care in this nation by inflating malpractice, by creating a mountain of ridiculous paperwork, and by obfuscating on nearly everything their supposed to deliver to consumers.

    •  Actually, the exposure of the health insurance (0+ / 0-)

      companies investment portfolio to mortgage backed securities was/is pretty small.

      The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt. Bertrand Russell

      by accumbens on Thu Oct 08, 2009 at 12:15:48 PM PDT

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      •  Hedge Funds? (0+ / 0-)

        With no regulations or firewalls in place, the fences around insurance/investment are completely down . . . In fact insurers are more focused on investing as I understand it . . . certainly a lot less about coverage these days.

        •  All insurers make money on their (0+ / 0-)

          investment portfolios - indeed, that's pretty much how life insurance works as far as I know.  The fact is that in the case of United Health and WellPoint, their portfolios had very little in mortagage related securities.

          The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt. Bertrand Russell

          by accumbens on Thu Oct 08, 2009 at 12:55:39 PM PDT

          [ Parent ]

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