Saturday, December 25, 2010

Hidden Argument

One of the best "nurse bloggers" is Jo over at Head Nurse. She does neuro intensive care stuff at her job, but of course being a nurse is so much more than just a job and her writings reflect that.

She has been through a lot lately and she has come through it well from a clinical standpoint. Her health problems appear to basically be done with, but at each ending there is a beginning. She writes:

You told Rosie up at the Magic Prosthetist Elf's that you wouldn't cover but about a grand of the cost of my oral prosthetic. That's less, BCBS-TX, than Medicare covers on the same sort of prosthetic. You are actually reimbursing *less than Medicare* for something that allows me to eat, talk, and breathe properly.

Medicare operates on about a 3% administrative overhead. Their top executives receive well under $200K per year in pay; more accurately about $180K. Compare this to the multi-million-dollar payouts to corporate executives, and you might get some idea as to just why private insurance companies maintain about a 20% skim for overhead.

Private insurance companies would be even less efficient if it were not for one thing: the law. They are required by law to spend at least 80% of their premium intake on patients' claims. Even then they use accounting tricks to fudge this a little.

They'd take it all if they could.

And for what?

Sen. John McCain (R-Ariz.) said in an interview Wednesday that he was uncertain how many houses he and his wife, Cindy, own.

"I think — I'll have my staff get to you," McCain told Politico in Las Cruces, N.M. "It's condominiums where — I'll have them get to you."

Even the rich themselves appear not to know why they need so much money nor upon what exactly they spend it.

Why is this?

According to some, the McCains aren't even all that wealthy. They are rather what is called "pikers."

A few years ago they sold the home that contains this room. Cindy grew up there. It's on Central Avenue in Phoenix across from the shady Bridle Path where I like to walk or run on my days off. I think they got about $4 million for the place. The purchaser "renovated" it (in other words, further ruined it) by among other things covering the backyard with nice warm summer-sunlight-absorbing pavers. Ouch. That's hot!

The idiot.

He tried to get $11 million for it. Rotsa ruck. That's a lot of money for generic dreck.

Oh well. Who summers in Phoenix anyways? That's what the ranch in Sedona is for.

Some say that money doesn't buy happiness. They will tell you that the wealthy also have problems. Indeed, they will insist, some poor people are in fact much more satisfied with their lives than the richest of the rich. Well then, let us take everything from the rich and make them poor, so they can show us just how happy one can be with little or nothing. If they are as talented and deserving as so many of them claim, they will quickly pull themselves up by their own bootstraps. No worries then. Merry Xmas.


Been There said...

Nice house, I wouldn't want it given to me. Maybe that is why he doesn't know how many houses he has. In the end, it doesn't matter. It never met the need anyway.

WinnyNinny PooPoo said...

Used to be a manager for a BCBS that was taken over by Wellpoint and then Evil Anthem.

Once all the BCBS insurances were not for profit. When in the 1980s and 1990's they mostly turned FOR PROFIT and publically traded they became incredibly greedy. They incent their managers based on greed. Mostly greedy people succeed because they don't care about other people.

In just ONE stock trade, the CEO of Wellpoint traded $10 MILLION dollars of his personal stock I am sure he got as bonuses or part of his contract. No one person is worth that. Especially someone who hired an assistant to open doors for him and fluff pillows to sit his ass on. I sure he was greedy and made many decisions just to purposly increase his wealth to the detriment of others.