HHS secretary asks insurer to justify rate hike

Re: HHS secretary asks insurer to justify rate hike

PostBy: Richard S. On: Tue Feb 09, 2010 5:10 pm

gerard wrote:Obama wants coverage for pre-existing conditions. OK - Can I NOT have or pay for collision insurance on my car, wait until I have an accident, then get coverage and have my car fixed?


No they will mandate that people buy insurance, the talk of pre existing conditions is just a ploy to gain support from the sheeple.
Richard S.
 
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Re: HHS secretary asks insurer to justify rate hike

PostBy: franco b On: Tue Feb 09, 2010 5:27 pm

samhill wrote:Boy! Just think of where we would be if Bush was allowed to fix S.S. for us. That would have turned out real well.


You bet it would. His proposal was to take 10% and invest it in solid companies stock. If your money was invested 50 years ago in stock you would be in pretty good shape. Look how it has worked out in Brazil.
franco b
 
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Re: HHS secretary asks insurer to justify rate hike

PostBy: samhill On: Tue Feb 09, 2010 5:34 pm

What about two years ago, or did that slip your mind.
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Re: HHS secretary asks insurer to justify rate hike

PostBy: franco b On: Tue Feb 09, 2010 5:39 pm

samhill wrote:What about two years ago, or did that slip your mind.


No it did not. You can't judge a long term investment on only one year. That is why I said 50 years which is probably the length of time most will be paying in to SS. Your money would have increased by several thousand percent. The system would be solvent unlike what it is today.
franco b
 
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Re: HHS secretary asks insurer to justify rate hike

PostBy: samhill On: Tue Feb 09, 2010 6:08 pm

Its been the borrowing from S.S. for all these years & never paying back, that plus the fact that there are a lot of people that recieve it that shouldn`t. If they would have let the system alone it would have more that enough. And when you talk about Bush, S.S., & 50 years of the stock market, very few stocks have increased many thousand %. Hind sisht is always 20/20 what could have been done at any point in time & what was is totally different. The stock market has made just as many if not more poor than rich.
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Re: HHS secretary asks insurer to justify rate hike

PostBy: franco b On: Tue Feb 09, 2010 7:16 pm

samhill wrote:very few stocks have increased many thousand %.


The Dow has gone from under 1,000 to 10,000. Granted there were not index funds then to track the Dow, but the proposal only allowed ultraconservative stocks to be bought.
franco b
 
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Re: HHS secretary asks insurer to justify rate hike

PostBy: jeromemsn On: Tue Feb 09, 2010 7:23 pm

Fellers fellers do you really think the money that you pay into SS has just been sitting in an account and doing nothing. Wow I see there really isn't much use in discussing things here but lets just say that I give the feds a couple of bucks a week, well I tell ya it don't sit in no foot locker till I'm old and then they give it back, sheesh come on, all money going in is invested, stocks, bonds, commodities thats why the gov. is in as much difficulty as we are with the market down Come on wake up fellas. If I give a banker my check to deposit he doesn't let it sit, same same.
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Re: HHS secretary asks insurer to justify rate hike

PostBy: franco b On: Tue Feb 09, 2010 7:31 pm

jeromemsn wrote:all money going in is invested, stocks, bonds, commodities thats why the gov. is in as much difficulty as we are with the market down


The only thing the government invests in is pocket lining
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Re: HHS secretary asks insurer to justify rate hike

PostBy: samhill On: Tue Feb 09, 2010 8:24 pm

The Gov. doesn`t invest anything they spend it before they have it. The bugets are based on projected income & is gone long before anything ever comes in.
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Re: HHS secretary asks insurer to justify rate hike

PostBy: gerard On: Tue Feb 09, 2010 8:49 pm

samhill,

average ANY 10 year period and the avg stock market return has exceeded 10%. Nothing has ever beaten that for a long term investment but that's not the point. You just seem to be a bush basher irrespective of facts which makes your opinion moot. Well, now we have your pres in office - how's things goin' so far????
gerard
 
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Re: HHS secretary asks insurer to justify rate hike

PostBy: samhill On: Tue Feb 09, 2010 10:32 pm

Well gerad let me put it to you this way, actually I kind of liked Bush, didn`t think he was good just likeable. Its Dick I really dislike but together it was two chicken hawks leading our country into something they wouldn`t do themselves. The point is I`m 62 years old, not at all racist but I never thought I would ever live long enough to see either a woman or a person of color in the whitehouse. The fact of the matter as I see it accept it or not the voters were fed up enough with the last era of Gov. that they were willing to try something & someone new. And if you want my opinion he might not be doing too bad of a job all things considered, he walked into one heck of a mess & like I always say its easy to criticize & not say what should have been done. Of coarse I`m not privy to all the inside the beltway info as some on here are.
samhill
 
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Re: HHS secretary asks insurer to justify rate hike

PostBy: jpete On: Wed Feb 10, 2010 12:28 am

jeromemsn wrote:Fellers fellers do you really think the money that you pay into SS has just been sitting in an account and doing nothing. Wow I see there really isn't much use in discussing things here but lets just say that I give the feds a couple of bucks a week, well I tell ya it don't sit in no foot locker till I'm old and then they give it back, sheesh come on, all money going in is invested, stocks, bonds, commodities thats why the gov. is in as much difficulty as we are with the market down Come on wake up fellas. If I give a banker my check to deposit he doesn't let it sit, same same.


Who told you that?

The government scoops that money up as soon as it hits their account. There's nothing in SS except a pile of IOU's.
jpete
 
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Re: HHS secretary asks insurer to justify rate hike

PostBy: jpete On: Wed Feb 10, 2010 12:30 am

samhill wrote:Well gerad let me put it to you this way, actually I kind of liked Bush, didn`t think he was good just likeable. Its Dick I really dislike but together it was two chicken hawks leading our country into something they wouldn`t do themselves. The point is I`m 62 years old, not at all racist but I never thought I would ever live long enough to see either a woman or a person of color in the whitehouse. The fact of the matter as I see it accept it or not the voters were fed up enough with the last era of Gov. that they were willing to try something & someone new. And if you want my opinion he might not be doing too bad of a job all things considered, he walked into one heck of a mess & like I always say its easy to criticize & not say what should have been done. Of coarse I`m not privy to all the inside the beltway info as some on here are.


I'll say what should be done....the exact opposite of everything he's done!

I don't care if he's green with purple polka dots, increasing the debt limit and handing out money like candy isn't going to fix anything!
jpete
 
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Re: HHS secretary asks insurer to justify rate hike

PostBy: samhill On: Wed Feb 10, 2010 8:54 am

I`ll agree that spending like a drunken sailor isn`t the right thing to do but there was a lot of debt from the get go with more coming the worse has yet to come IMO, with all the unemployment & people not be able to pay taxes the Gov. is in really deep do do billions more going out everyday than coming in. Where else does the money come from if its not there?
samhill
 
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Re: HHS secretary asks insurer to justify rate hike

PostBy: cabinover On: Wed Feb 10, 2010 9:01 am

samhill wrote:I`ll agree that spending like a drunken sailor isn`t the right thing to do but there was a lot of debt from the get go with more coming the worse has yet to come IMO, with all the unemployment & people not be able to pay taxes the Gov. is in really deep do do billions more going out everyday than coming in. Where else does the money come from if its not there?


So let me get this straight Sam. Hypothetically if your household was in debt up to it's ears spending more isn't the prudent thing to do but since you're already in debt why not add some more on?

I can't understand anyone with more than a third grade education thinking that this would be wise. Then again it's just how I do business at my house, YMMV.
cabinover
 
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