Collarspace Discussion Forums


Home  Login  Search 

RE: Seriously? Is the Insurance Industry a Bunch of Commies!?!


View related threads: (in this forum | in all forums)

Logged in as: Guest
 
All Forums >> [Community Discussions] >> Dungeon of Political and Religious Discussion >> RE: Seriously? Is the Insurance Industry a Bunch of Commies!?! Page: <<   < prev  1 2 [3]
Login
Message << Older Topic   Newer Topic >>
RE: Seriously? Is the Insurance Industry a Bunch of Com... - 11/29/2011 1:01:22 PM   
Moonhead


Posts: 16520
Joined: 9/21/2009
Status: offline
quote:

ORIGINAL: kalikshama
Please explain your understanding of Communism. Unless we're on the same page, there's no point in this discussion.

That's about the first sensible comment in this thread.

_____________________________

I like to think he was eaten by rats, in the dark, during a fog. It's what he would have wanted...
(Simon R Green on the late James Herbert)

(in reply to kalikshama)
Profile   Post #: 41
RE: Seriously? Is the Insurance Industry a Bunch of Com... - 11/29/2011 1:12:28 PM   
willbeurdaddy


Posts: 11894
Joined: 4/8/2006
Status: offline
quote:

ORIGINAL: Termyn8or

FR

There have been some policyholder owned insurance companies, but I don't think any are around anymore. I think the problem was they couldn't maintain sufficient capitalisation.



There are a lot of mutual companies still around. The companies that demutualized were generally for the opposite reason..they had built up enormous excess reserves that were impractical to return via premium reductions. Instead they distributed stock to the policyholders in amounts related to the cumulative profits on the policies held.

_____________________________

Hear the lark
and harken
to the barking of the dogfox,
gone to ground.

(in reply to Termyn8or)
Profile   Post #: 42
RE: Seriously? Is the Insurance Industry a Bunch of Com... - 11/29/2011 1:26:32 PM   
willbeurdaddy


Posts: 11894
Joined: 4/8/2006
Status: offline
quote:

ORIGINAL: DomKen


quote:

ORIGINAL: Hillwilliam

They are not required to make a profit. They are only required to have sufficient liquid reserves. Hell, you could probably even have a non-profit or not for profit corporation working as an insurance company.

I didn't look up to see if any actually already exist.

Wilbur? Are there any existing Insurance companies that are non- or not-for-profit?

There used to be non profit health insurance companies. Not sure if any remain.

Prior to 1994(?) all blue cross blue shield member corporations were not for profit.


The Blues were a different breed altogether, essentially not much more than a branding of independent health insurance plans, although the original Blue was the first "HMO", a group of physicians providing coverage for a flat premium. They were tax exempt as 501(c)(4) associations, not as corporations. They became taxable in 1986, even though some members remain not-for-profit.

_____________________________

Hear the lark
and harken
to the barking of the dogfox,
gone to ground.

(in reply to DomKen)
Profile   Post #: 43
RE: Seriously? Is the Insurance Industry a Bunch of Com... - 11/29/2011 1:33:10 PM   
Hillwilliam


Posts: 19394
Joined: 8/27/2008
Status: offline
quote:

ORIGINAL: Moonhead


quote:

ORIGINAL: kalikshama
Please explain your understanding of Communism. Unless we're on the same page, there's no point in this discussion.

That's about the first sensible comment in this thread.

Actually, I've learned a lot about how different insurance companies are set up.

_____________________________

Kinkier than a cheap garden hose.

Whoever said "Religion is the opiate of the masses" never heard Right Wing talk radio.

Don't blame me, I voted for Gary Johnson.

(in reply to Moonhead)
Profile   Post #: 44
RE: Seriously? Is the Insurance Industry a Bunch of Com... - 11/29/2011 1:34:59 PM   
willbeurdaddy


Posts: 11894
Joined: 4/8/2006
Status: offline
quote:

ORIGINAL: Hillwilliam


quote:

ORIGINAL: Moonhead


quote:

ORIGINAL: kalikshama
Please explain your understanding of Communism. Unless we're on the same page, there's no point in this discussion.

That's about the first sensible comment in this thread.

Actually, I've learned a lot about how different insurance companies are set up.


Although nothing to do with the OPs premise!

_____________________________

Hear the lark
and harken
to the barking of the dogfox,
gone to ground.

(in reply to Hillwilliam)
Profile   Post #: 45
RE: Seriously? Is the Insurance Industry a Bunch of Com... - 11/29/2011 1:35:48 PM   
Moonhead


Posts: 16520
Joined: 9/21/2009
Status: offline
quote:

ORIGINAL: Hillwilliam


quote:

ORIGINAL: Moonhead


quote:

ORIGINAL: kalikshama
Please explain your understanding of Communism. Unless we're on the same page, there's no point in this discussion.

That's about the first sensible comment in this thread.

Actually, I've learned a lot about how different insurance companies are set up.

That's tedium, not sense, though.

_____________________________

I like to think he was eaten by rats, in the dark, during a fog. It's what he would have wanted...
(Simon R Green on the late James Herbert)

(in reply to Hillwilliam)
Profile   Post #: 46
RE: Seriously? Is the Insurance Industry a Bunch of Com... - 11/29/2011 1:47:07 PM   
Hillwilliam


Posts: 19394
Joined: 8/27/2008
Status: offline 		To wilbur. 2 words.....thread drift LOL.

To moon. Almost all learning starts out as tedium. It is then integrated into your long term storage. At some point in the future, it might hook up with something else that was learned thru tedium and a new paradigm created.

No such thing as bad knowledge. It all comes in handy some time.

_____________________________

Kinkier than a cheap garden hose.

Whoever said "Religion is the opiate of the masses" never heard Right Wing talk radio.

Don't blame me, I voted for Gary Johnson.

(in reply to Moonhead)
Profile   Post #: 47
RE: Seriously? Is the Insurance Industry a Bunch of Com... - 11/29/2011 9:00:01 PM   
pyroaquatic


Posts: 1535
Joined: 12/4/2006
From: Pyroaquatica
Status: offline
quote:

ORIGINAL: Hillwilliam

To wilbur. 2 words.....thread drift LOL.

To moon. Almost all learning starts out as tedium. It is then integrated into your long term storage. At some point in the future, it might hook up with something else that was learned thru tedium and a new paradigm created.

No such thing as bad knowledge. It all comes in handy some time.


It is one thing to know something. It is something altogether different when we Know we know something... and so on and so forth.

I tend to see words at their root structures. The term Communism, Communist, Commune, Community are directly related yet have different survival mechanisms attached. Insurance-a hedge bet against chaos-is typically a method of injecting money into a pool just in case. Whatever Nomics are involved are sometimes just as contrived.

What types of Communism? As I look at communities of atoms or the juxtaposition of flora and fauna it is apparent that yes, communism rears its ugly head in multiple corners and in multiple methods. Insurance is apparently just as ugly if not nastier. Under whatever guise or premise ethics is ethics is ethics.

Refute, rebuke... do what you must. I cannot help but see everything as an interconnected whole. That is just the way my brain works.


_____________________________

You are what your deep, driving desire is.
As your desire is, so is your will.
As your will is, so is your deed.
As your deed is, so is your destiny.
-Brihadaranyaka Upanishad IV.4.5

(in reply to Hillwilliam)
Profile   Post #: 48
RE: Seriously? Is the Insurance Industry a Bunch of Com... - 11/29/2011 9:09:02 PM   
MasterSlaveLA


Posts: 3991
Status: offline
quote:

ORIGINAL: DarkSteven

Huh?



Huh? x 2

WTF???




_____________________________

It's only kinky the first time!!!

(in reply to DarkSteven)
Profile   Post #: 49
Page:   <<   < prev  1 2 [3]
All Forums >> [Community Discussions] >> Dungeon of Political and Religious Discussion >> RE: Seriously? Is the Insurance Industry a Bunch of Commies!?! Page: <<   < prev  1 2 [3]
Jump to:





New Messages No New Messages
Hot Topic w/ New Messages Hot Topic w/o New Messages
Locked w/ New Messages Locked w/o New Messages
 Post New Thread
 Reply to Message
 Post New Poll
 Submit Vote
 Delete My Own Post
 Delete My Own Thread
 Rate Posts




Collarchat.com © 2025
Terms of Service Privacy Policy Spam Policy

0.094