Saturday, April 24, 2010

Bread and Circus P.2

I'm a person who always tries to see things from the angle of the person trying to "spread cheeks and fuck ass" so to speak. Let's take a look at an insurance company, now since its a private company, odds are they want to maximize their profits. Now their income comes primarily from people paying them in case shit happens. I pay them a sum of money every month in order to make sure if I get sick they cover my care. Now the ideal customer for an insurance company is a person who pays their premium every month like clockwork and never gets sick. Because the less they have to pay healthcare providers to treat me, the more profit they make on me.

That's why I would never trust a private insurance company for my health, because its in their best interest not to pay for me. Sure Governments have their own ways of fucking you over, but its never purely by intent. If the government fucks you over its because they fuck up in some way, not because they are intentionally trying to screw you.
A private company tends to always be better off by screwing a portion of their clients. I mentioned Goldman-Sachs in my first post on this issue, and as a part of my investment I've read analyst recommendations, I've seen what the big banks say you should do, but I've also seen what they do themselves. Here in Norway we have a big investment portion of DNB (it's short for "The Norwegian Bank") called DNM (DNB Markets) who have operated with a target price of Opera Software of roughly $1.5 per share, at the same time DNM have purchased shares of Opera Software in the millions well over that target price. So they tell their clients to SELL and they themselves BUY.

This is fairly common in business and there should be some law against it. If I go to see my doctor and it turns out I have pneumonia he will tell me I have pneumonia, not that I have a chest cold that will pass in a few days. If I ask my mechanic to take a look at my car, he won't lie and tell me its a death trap, he might put on a few fixes that aren't needed then and there, but he won't screw me with a 10 foot pole if you know what I mean.

Big private companies live on intentionally screwing people, they gladly sell harmful products that they know are dangerous, they come up with huge lofty words to describe fucking their customers over so that the customer doesn't realize he or she are getting screwed.

A big company that isn't connected to its clients will always look at the bottom line first, then the clients needs and that's where the problem lies. I don't think big business is evil by nature, but I think the kind of people who get into it tend to have a certain mindset. Let's add to it that they can almost freely break the law without being charged with anything serious, and if they do they get a few months in white collar jail.

Business ethics and morals seems to always take a backseat to profit and that's why I would never trust a privately owned company with my health.

I believe Josef Stalin is quoted as saying "Kill 1 person and its a murder, kill 1 million and its a statistic" and the same seems to be true for business. The whole financial crisis came about because of bad regulation, poor understanding of human nature and greed. It's natural to want a little bit more than the guy next door, it's why communism will never work. Sure everyone having the exact same rights, the exact same wages, the exact same living conditions is fantastic, but that's not what make people work hard, being able to get more shit they do not need is.
Of couse I do laugh my balls off every time  I see a teabagger wielding a poster with Obama's face with a Hitler Mustache with the word "socialist" or "communist" under. Mostly because Hitler was very very far right on the political spectrum, while Stalin and communism was on the far far left.

To give a sort of visual demonstration:

Stalin -------------------------------Obama-----------Reagan------------------.W Bush-----Cheney-----Hitler

The republican Party is much closer to Hitler than the Democrats are, but then the democrats are closer to Stalin. Socialism isn't a bad thing as long as it doesn't go to far, just like a free market isn't a bad thing as long as it doesn't go too far. When a CEO makes 300% more than the workers in the factories, the top 2% have more than the bottom 100 million, when a middle class person will die but an upper class person will live, the free market has gone to far.
The problem is that the "teabagger" movement fail to see what is best for them. They think that the Republicans are their party, but the truth is the Republican party only pays off for the top 3% or so. If you are a very rich person, then the Republicans are your guys, but if you are middle class or lower then the Democrats are the better choice.

If people are comfortable with the government dealing with the defense of the country, with medicare, the veteran hospitals, the courts, legislation, medicine (FDA) then why not let them deal with healthcare? There is no doubt in my mind that given the chance Phizer or another huge drug company would bring out HEROIN and COCAINE to everyone if given the chance. I have no doubt that an insurance companies bottom line is their bottom line not whether I live or die, or rather will they make more money off me alive or dead?

Premiums paid + Future Premiums - Cost of care = if this sum is negative an insurance company will want to avoid treating me.

To be continued.

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