Is this against the law?

Well, that sounded sarcastic...

And I do not recall ever being sarcastic toward you. Maybe you confuse it with honest advice...

After all, advice is what you keep asking for.

 

No. It's only illegal if white men do that kind of thing.

 

This is false. Insurance companies have one of the lowest profit margins of all businesses, not even in the top 200. The average insurance company makes 3-4% profit, this is a FACT. This is a very reasonable profit margin and not greedy whatsoever. It is true that insurance companies make billions of dollars profit, but they also pay billions for overhead and paying out claims.

For example, Aetna, a very well known insurance company reported 2.83% profit in 2008, 3.47% profit in 2007, and 2.99% profit in 2006. Very reasonable.

Folks should know facts before spouting off unsupported accusations.

 

I have to agree, without unions, the kids of board members and their friend's kid would be making all A's and would be the valedictorian, and salutatorian of every class. It would be politics like you would believe. The only people who the board would hire would be family and friends. Look, I was part of a teacher's association that called a board president for getting a free swimming pool during a construction project.

 

Wow, a lot of rabbits running through this thead.

Yes, it is legal. It is illegal to discriminate against you because you are white (or any other race), but they can fail to hire you based on your ability to communicate or lead a group of people.

 

No globalization is driving our jobs to China. Union and non union jobs.

 

WalMart is at 5%. I have a policy that is currently paying me 5%. So your numbers do not agree.

Compare that to the cost of living during that same time.

I know from being in business how much my insurance costs have gone up and it is incredible compared to everything else. The number of accidents have gone down too.

Could you give the source of your numbers.

 

Until recently when I hired employees my insurance costs went up almost 3.5 times in 22 years. I have never had an employee who was hurt enough to be on workers comp or disability.

 

gb, unfortuneately, that is what the socialists in our society want. For everybody to share the wealth, and the costs. Your employees werent hurt, but you are expected to pay for others that were.

It's not right.

John

 

Good advice.

In 2008 Aetna's net profit was 4.8%, 2007 it was 6.6%, 2006 it was 6.8% and 2005 it was 7.0%

http://media.corporate-ir.net/media_files/irol/11/110617/proxy/AR_finrpt.pdf
(page 41)

 

It would help if you educated yourself on workers comp insurance. It does not work like automobile insurance.

All I know is that my insurance rates for exactly the same thing has gone up incredibly. Lawsuits in America have increased insurance costs. Someone sued McDonalds because their coffee was too hot for spilling it while she drove.

I have to charge people like you more to recover my insurance costs. I have a lot more costs but not any more profit. A friend of mine who is a doctor told me that about 2/3 goes to insurance costs.

 

And here is where I got my figures

http://yahoo.brand.edgar-online.com...187-528165&type=sect&dcn=0001122304-09-000036

By the way, I went to page 41 of the link you posted but did not see the figures you are showing, but I did see the EXACT figures I reported. Perhaps you can show me where you got your figures, I looked several times and did not see them anywhere on that page.

 

The numbers you cited are earnings per share expressed in dollars; my numbers are net profit as a percentage of revenues. My numbers are the profit margins, yours are not.

The formula is net income divided by revenues. Example (from your link): In 2008 you would divide $1,384.1 by $30,950.7 which gives 4.47%.

(The link I gave did not go back to 2008. I got 4.8% profit margin for 2008 from another source.)

 

You might be correct. Nevertheless, insurance companies make very small profits compared to many other industries, nothing outrageous or greedy whatsoever.

http://money.usnews.com/money/blogs/flowchart/2009/08/25/why-health-insurers-make-lousy-villains

Insurance companies are not the folks running up the cost of health-care, their profits are very modest. They make good "bad guys" though.

 

Of course it does.

The more the insurance has to pay out, the more they charge.

And again, you couldnt have just said what you had to say without saying i am "uneducated"

Typical Calvinist arrogance.

John

 

Not always. They may refuse to insure you.

Do you know what an Experience Modification Rate is? My auto insurance does not have a modifier even close to anything I had with Workers Comp.