Tuesday, March 23, 2010

Health care companies happy with 32 million new customers

Health care companies pull stock market higher

Click above article to read Yahoo Finance article.

I was listening to Michael Moore on  the Larry King Live Show on CNN. He was saying the Health care companies are ecstatic over having 32 million new customers. Also he said that since the fine is only 100 dollars per day per customer for refusing service that most insurance companies will choose to give the 100 dollars a day to the government in fines rather than to give insurance when they might have to pay 1000 to 10,000 dollars a day to treat something serious. After all, a years fine per insurance customer might be 36, 500 dollars for one years penalties and one big operation could eat that up in one day.

For example, in 1984 my father had an operation in Palm Springs that cost 50,000 dollars and that's over 25 years ago. Imagine what that operation would cost today?

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