Monday, August 3, 2015

Health Insurance

Anthem is buying Cigna for $54.2 Billion.  Where did Anthem come up with all that money to spare to buy another insurance company?  Plus, Anthem will pay 38% above the current premium share price at recent stock market closing.  Insurance companies say that they have to keep raising rates to keep up with the cost of medical care.  I think their profit margins say otherwise.  They must have a great lobby in Washington.  I tend to believe that insurance companies are not about insurance. They are about making money.  Insurance is the product.  Institutions, such as big business, church, government are more about preserving and enhancing the institution than in their stated purpose for existence.  The Catholic sex scandal was about preserving the institution from exactly that, scandal.  So the church got exposed.  Would that we could do that with Big Insurance.

3 comments:

  1. I'm assuming you surely wrote today's blog in advance unless the Trappists watch Sunday night television Coincidentally. 60 Minutes did quite a criticism on Anthem and it's coverage of mental health last evening.Great timing

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  2. Yes it was written in advance. But it makes me look "current."

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  3. VSo If what you believe is true WHY does the government want to get involved with covering our medical? For which they have NO EXPERIENCE!

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