Showing posts with label ROA. Show all posts
Showing posts with label ROA. Show all posts

Monday, February 22, 2010

Obamination: Obama Don't Care !

"Walk Through the President's Proposal":

[Unless otherwise noted, all emphasis in quotes is mine.]
The proposal aims to give the American people and small business owners more control over their health care choices by building on the progress Congress has already made, and including new ideas from both parties and the President himself.
With the exception of that one idiotic statement, the walk through page lacks substance. It has only a few links:
The White House press release begins with this exemplar of demagoguery:
President Barack Obama used his weekly address to call on Democratic and Republican leaders to attend next week’s health care meeting in good faith to find reforms that work for American families and small businesses.
At no point in this process has the President or the congressional leaders of his party spoken or acted in good faith. Does anyone remember the promise to broadcast the deliberations on CSpan? The promise was made but not kept. Republicans were excluded from the committee markup process. They were not allowed to offer substantial amendments. Parliamentary rules and procedures were stretched and violated with abandon. A provision was inserted to prevent future congresses from repealing or amending critical parts of the legislation. The whole process has been an exercise in tyrannical arrogance and deception.

Planning to circumvent the Senate's deliberative process is not a sign of good faith. Releasing the President's proposal four days prior to his so called bipartisan meeting so that the CBO will not have time to analyze its costs is not a sign of good faith. These are signs of the arrogance of absolute power gone mad.

Consumers can neither retain nor increase their control over their health care options by allowing bureaucrats to decide what tests, procedures and drugs will be available. Nor can consumer options be increased by allowing bureaucrats to set prices or allocate resources. Consumer options can only be increased by removing artificial barriers to the free market.

Costs can not be reduced or limited by price controls and restricting entry into medical professions, those policies can only lead to rationing; reduced and delayed access to care.

Costs can not be reduced or limited by increasing inflation. Irresponsible fiscal policies can only result in increased inflation and stagflation, such as we experienced under the Carter regime.

Costs can not be reduced or limited by increasing demand for medical services. By moving new demand into the market, from uninsured and indigent consumers, seeking care for increasingly minor conditions, can only increase over time costs and require construction of new infrastructure and increased staffing, resulting in increased, not decreased costs.

There is no free lunch, there is no magic wand. The fixed and variable costs of clinics and hospitals must be met or they won't be able to remain open in the long term. If average premiums do not exceed average benefits in the long term, insurance companies will not be able to stay in business.

Cost controls requires increased supply & competition and tort reform. The high cost of malpractice insurance can not be reduced without curbing excessive and unreasonable malpractice litigation & settlements. That is not going to happen because the majority party is firmly ensconced in the tort lawyer's pockets.

Costs can not be reduced or limited by doubling energy costs. Hospitals and clinics need lights and HVAC. Cap & Tax will double those costs, which can only be passed on to consumers.

With several health insurance companies announcing steep hikes in their rates – from 10 to over 30 percent – it is clear that the status quo, while good for the insurance industry, is bad for the American people. After a year of exhaustive debate, it is time to move forward on reform.
Insurance premiums must exceed payouts for benefits, otherwise the insurers will go out of business. We live in the real world, not fantasy land. To the extend that insurers are profitable, premium reduction can only result from increased competition. That means making the insurance market national instead of limiting it to the 50 states.

Now, after their announcement stirred public outcry, Anthem agreed to delay their rate hike until May 1st while the situation is reviewed by the state of California. But it’s not just Californians who are being hit by rate hikes. In Kansas, one insurance company raised premiums by 10 to 20 percent only after asking to raise them by 20 to 30 percent. Last year, Michigan Blue Cross Blue Shield raised rates by 22 percent after asking to raise them by up to 56 percent. And in Maine, Anthem is asking to raise rates for some folks by about 23 percent.
What do you expect, Moron? Insurers make money by charging more than they pay out, investing their reserve funds in stocks and bonds for income and growth of principal. Your party facilitated the creation of a real estate inflation bubble. When the bubble burst, the stock and bond markets plummeted, drastically reducing the income of the insurers. They must make up the difference through premiums or go out of business.

The bottom line is that the status quo is good for the insurance industry and bad for America. Over the past year, as families and small business owners have struggled to pay soaring health care costs, and as millions of Americans lost their coverage, the five largest insurers made record profits of over $12 billion.
President Obama is setting up a straw man to be burnt. The name of this game is anti-corporatism; a form of class warfare. It is an old Communist tactic.
Visit the Aug. 5 '09 Wall Street Journal for a reality check.
"For every premium dollar that they take in, about 83 cents goes out in medical costs -- doctors, hospitals, and drugs," says Carl McDonald, health insurance analyst at Oppenheimer & Co. The rest is spent on overhead. Net income comes to just a few cents per dollar of premiums.

Consider WellPoint, the biggest private health insurer on Wall Street, which has about 35 million customers nationwide. Last year, it paid out 83.6% of revenues in expenses. Net, after-tax income as a percentage of total revenue came to a princely 4.1%.

According to analysis by FactSet, WellPoint's ROA has averaged 5.8% over the past five years, Aetna's, 4.2%.
Brett Arends compares that modest ROA to 9.2% for Wal-Mart and 12.4% for Dell.

Some Republicans want to allow Americans to purchase insurance from a company in another state to give people more choices and bring down costs. Some Republicans have also suggested giving small businesses the power to pool together and offer health care at lower prices, just as big companies and labor unions do. I think both of these are good ideas – so long as we pursue them in a way that protects benefits, protects patients, and protects the American people.
It would be better to substitute those Republican suggestions for the whole damn package rather than adding them to the worst legislation ever. When you add a pint of ice cream to a gallon of manure, its still going to taste like manure.

To members of Congress, I would simply say this. We know the American people want us to reform our health insurance system.
Last month, the electorate of Massachusetts sent a different message, but the President was not listening. They elected a Republican to a Senate seat that has been in Liberal Democrat possession for nearly 50 years. Opposition to Health Care Destruction was the main issue in that election.

It’s our chance to finally give Americans the peace of mind of knowing that they’ll be able to have affordable coverage when they need it most.
The promise is false, because it is impossible to fulfill, and anyone who passed Econ. 101 should be able to figure out why. In Britain & Canada, there are long waiting periods to get care and the systems are starved for money. That should tell us something.

What’s being tested here is not just our ability to solve this one problem, but our ability to solve any problem. Right now, Americans are understandably despairing about whether partisanship and the undue influence of special interests in Washington will make it impossible for us to deal with the big challenges that face our country. They want to see us focus not on scoring points, but on solving problems; not on the next election but on the next generation. That is what we can do, and that is what we must do when we come together for this bipartisan health care meeting next week. Thank you, and have a great weekend.
President Obama is demanding that the Republicans abandon their principles and allow the LeftTard majority to ruin our health care system, bankrupt the treasury, enslave the population in a state of permanent dependency on government and abandon the Constitution all to give him the privilege of saying that he "solved" a problem. In reality, his solution is no solution, but will make matters far worse. His 'cure' will kill the patient. It must be stopped!

Throughout the debate, President Obama has spewed a litany of lies which have been frequently refuted. He has tried to rush legislation through so fast that the opposition can not read and comprehend what they are voting on. Those behaviors should be red flags in the eyes of a skeptical electorate. The time has come to make a final push to resist tyranny.

We must impress the depth and intensity of our revulsion and outrage upon our elected representatives. We must tell the Democrat Congressmen that they will be replaced in the next election if they continue to push their flawed packages. We must tell the Republican Congressmen that they will have well financed primary opponents in their election cycle. The spineless, neutered Republican 'leaders' who were reluctant to use every possible parliamentary tactic to stop the demagoguery must be told that they can and will be replaced.

http://www.congress.org/ makes it easy to send a single email to President Obama, your Representative & Senators. You don't need to know their names or district numbers, you only need to know your Zip Code. You enter your Zip Code, and the web site looks up your elected officials. You click the Federal Officials link, and it presents a simple form

Tell them that you see through their lies. Tell them that you want to keep your own insurance and care providers. Tell them that you do not want any bureaucrats between you and your doctor. Tell them that you do not want artificial restrictions on medical services, you don't want price controls, you don't want to be put on a waiting list and you don't want to be told to go home and die quietly. If you don't want escalating costs coupled with delays and denials of care, then act now, before they jam their irrational, counterproductive and unconstitutional plans down our throats.

As soon as I get this posted, I will go to congress.org, and I will insert the following link into my email:
Gd'd HELL NO!!!
If the recipient or a staffer clicks on that link, they will see a brief explanation of my objections to their plans, followed by the biggest, brightest, boldest flaming execration the blog format will bear.

Our lives, liberty and prosperity are on the line. We must spare no effort in their defense. Please join me in cursing our Congressmen!!! We have no other recourse.

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My Favorite Speeches and Other Items of Interest

  • George Bush's March 28, 2007 Discusses Economy, War on Terror During Remarks to the National Cattlemen's Beef Association;http://www.whitehouse.gov/news/releases/2007/03/20070328-2.html
  • Mitch McConnell's March 15, 2007 Funding For Troops, Not Timelines for Retreat; http://mcconnell.senate.gov/record.cfm?id=270747&start=1
  • Ronald Reagan's June 12, 1987 Tear Down This Wall Speech; http://www.reaganfoundation.org/reagan/speeches/wall.asp
  • Vice President Cheney's March 12, 2007 Remarks at the AIPAC 2007 Policy Conference; http://www.whitehouse.gov/news/releases/2007/03/20070312.html

Winston Churchill Quotes

  • A prisoner of war is a man who tries to kill you and fails, and then asks you not to kill him.
  • Although personally I am quite content with existing explosives, I feel we must not stand in the path of improvement.
  • Although prepared for martyrdom, I preferred that it be postponed.
  • Attitude is a little thing that makes a big difference.
  • Battles are won by slaughter and maneuver. The greater the general, the more he contributes in maneuver, the less he demands in slaughter.
  • Danger - if you meet it promptly and without flinching - you will reduce the danger by half. Never run away from anything. Never!
  • I always seem to get inspiration and renewed vitality by contact with this great novel land of yours which sticks up out of the Atlantic.
  • I am an optimist. It does not seem too much use being anything else.
  • I have nothing to offer but blood, toil, tears and sweat.
  • I like a man who grins when he fights.
  • I was only the servant of my country and had I, at any moment, failed to express her unflinching resolve to fight and conquer, I should at once have been rightly cast aside.
  • If you have an important point to make, don't try to be subtle or clever. Use a pile driver. Hit the point once. Then come back and hit it again. Then hit it a third time-a tremendous whack.
  • In war as in life, it is often necessary when some cherished scheme has failed, to take up the best alternative open, and if so, it is folly not to work for it with all your might.
  • It is no use saying, 'We are doing our best.' You have got to succeed in doing what is necessary.
  • Moral of the Work. In war: resolution. In defeat: defiance. In victory: magnanimity. In peace: goodwill.
  • Never in the field of human conflict was so much owed by so many to so few.
  • Never, never, never give up.
  • No folly is more costly than the folly of intolerant idealism.
  • One ought never to turn one's back on a threatened danger and try to run away from it. If you do that, you will double the danger. But if you meet it promptly and without flinching, you will reduce the danger by half. Never run away from anything. Never!
  • Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.
  • Success is not final, failure is not fatal: it is the courage to continue that counts.
  • The first quality that is needed is audacity.
  • The nose of the bulldog has been slanted backwards so that he can breathe without letting go.
  • The truth is incontrovertible, malice may attack it, ignorance may deride it, but in the end; there it is.
  • There is no such thing as public opinion. There is only published opinion.
  • These are not dark days: these are great days - the greatest days our country has ever lived.
  • They are decided only to be undecided, resolved to be irresolute, adamant for drift, solid for fluidity, all-powerful to be impotent.
  • True genius resides in the capacity for evaluation of uncertain, hazardous, and conflicting information.
  • Victory at all costs, victory in spite of all terror, victory however long and hard the road may be; for without victory, there is no survival.
  • War is a game that is played with a smile. If you can't smile, grin. If you can't grin, keep out of the way till you can.
  • War is mainly a catalogue of blunders.
  • We shall defend our island, whatever the cost may be, we shall fight on the beaches, we shall fight on the landing grounds, we shall fight in the fields and in the streets, we shall fight in the hills; we shall never surrender.
  • We shall draw from the heart of suffering itself the means of inspiration and survival.
  • When the eagles are silent the parrots begin to jabber.
  • When you are winning a war almost everything that happens can be claimed to be right and wise.
  • You have enemies? Good. That means you've stood up for something, sometime in your life.

Ronald Reagan Quotes

  • "The trouble with our liberal friends is not that they're ignorant: It's just that they know so much that isn't so."
  • Above all, we must realize that no arsenal, or no weapon in the arsenals of the world, is so formidable as the will and moral courage of free men and women. It is a weapon our adversaries in today's world do not have.
  • All the waste in a year from a nuclear power plant can be stored under a desk.
  • Approximately 80% of our air pollution stems from hydrocarbons released by vegetation, so let's not go overboard in setting and enforcing tough emission standards from man-made sources
  • Come here to this gate! Mr. Gorbachev, open this gate! Mr. Gorbachev, tear down this wall!
  • Concentrated power has always been the enemy of liberty.
  • Double, no triple, our troubles and we'd still be better off than any other people on earth. It is time that we recognized that ours was, in truth, a noble cause.
  • Facts are stupid things.
  • Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same.
  • Freedom prospers when religion is vibrant and the rule of law under God is acknowledged.
  • Government exists to protect us from each other. Where government has gone beyond its limits is in deciding to protect us from ourselves.
  • Governments tend not to solve problems, only to rearrange them.
  • History teaches that war begins when governments believe the price of aggression is cheap.
  • How can a president not be an actor?
  • How do you tell a communist? Well, it's someone who reads Marx and Lenin. And how do you tell an anti-Communist? It's someone who understands Marx and Lenin.
  • I have wondered at times what the Ten Commandments would have looked like if Moses had run them through the US Congress.
  • I will stand on, and continue to use, the figures I have used, because I believe they are correct. Now, I'm not going to deny that you don't now and then slip up on something; no one bats a thousand.
  • In Israel, free men and women are every day demonstrating the power of courage and faith. Back in 1948 when Israel was founded, pundits claimed the new country could never survive. Today, no one questions that. Israel is a land of stability and democracy in a region of tryanny and unrest.
  • Let us ask ourselves; "What kind of people do we think we are?".
  • Man is not free unless government is limited.
  • My philosophy of life is that if we make up our mind what we are going to make of our lives, then work hard toward that goal, we never lose - somehow we win out.
  • No mother would ever willingly sacrifice her sons for territorial gain, for economic advantage, for ideology.
  • Of the four wars in my lifetime, none came about because the U.S. was too strong.
  • Our forbearance should never be misunderstood. Our reluctance for conflict should not be misjudged as a failure of will. When action is required to preserve our national security, we will act.
  • Protecting the rights of even the least individual among us is basically the only excuse the government has for even existing.
  • Some people wonder all their lives if they've made a difference. The Marines don't have that problem.
  • The ultimate determinant in the struggle now going on for the world will not be bombs and rockets but a test of wills and ideas - a trial of spiritual resolve: the values we hold, the beliefs we cherish and the ideals to which we are dedicated.
  • The United Sates has much to offer the third world war.
  • There are no easy answers' but there are simple answers. We must have the courage to do what we know is morally right.
  • To paraphrase Winston Churchill, I did not take the oath I have just taken with the intention of presiding over the dissolution of the world's strongest economy.
  • Today we did what we had to do. They counted on America to be passive. They counted wrong.
  • We are never defeated unless we give up on God.
  • We have the duty to protect the life of an unborn child.
  • We must reject the idea that every time a law's broken, society is guilty rather than the lawbreaker. It is time to restore the American precept that each individual is accountable for his actions.
  • We will always remember. We will always be proud. We will always be prepared, so we will always be free.
  • Within the covers of the Bible are the answers for all the problems men face.
  • You know, if I listened to Michael Dukakis long enough, I would be convinced we're in an economic downturn and people are homeless and going without food and medical attention and that we've got to do something about the unemployed.

Eleanor Roosevelt Quotes

  • No one can make you feel inferior without your consent

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