Health insurers sue Mass. on rate denial
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http://www.boston.com/business/ticker/2010/04/health_insurers_1.html?comments=all#readerComm[^] I'd never heard of this before, but it certainly peeked my eye. Supposedly they're all nonprofit insurance companies. I find that hard to believe.
That's called seagull management (or sometimes pigeon management)... Fly in, flap your arms and squawk a lot, crap all over everything and fly out again... by _Damian S_
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http://www.boston.com/business/ticker/2010/04/health_insurers_1.html?comments=all#readerComm[^] I'd never heard of this before, but it certainly peeked my eye. Supposedly they're all nonprofit insurance companies. I find that hard to believe.
That's called seagull management (or sometimes pigeon management)... Fly in, flap your arms and squawk a lot, crap all over everything and fly out again... by _Damian S_
You need to understand what non-profit means. It has to do with what you can do with funds that are in excess of your costs. http://en.wikipedia.org/wiki/Non_Profit[^] I think they can refund dividends to policy holders, or roll them into next years budget to lower rates. Or give raises to top management, or donate funds to Haiti relief, whatever.
Opacity, the new Transparency.
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You need to understand what non-profit means. It has to do with what you can do with funds that are in excess of your costs. http://en.wikipedia.org/wiki/Non_Profit[^] I think they can refund dividends to policy holders, or roll them into next years budget to lower rates. Or give raises to top management, or donate funds to Haiti relief, whatever.
Opacity, the new Transparency.
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You need to understand what non-profit means. It has to do with what you can do with funds that are in excess of your costs. http://en.wikipedia.org/wiki/Non_Profit[^] I think they can refund dividends to policy holders, or roll them into next years budget to lower rates. Or give raises to top management, or donate funds to Haiti relief, whatever.
Opacity, the new Transparency.
I know what nonprofit means. Since you like wikipedia let me quote it for you "Prior to the Tax Reform Act of 1986, organizations administering Blue Cross Blue Shield were tax exempt under 501(c)(4) as social welfare plans. However, the Tax Reform Act of 1986 revoked that exemption because the plans sold commercial-type insurance. They became 501(m) organizations, subject to federal taxation but entitled to "special tax benefits"[9] under IRC 833. In 1994, the Blue Cross Blue Shield Association changed to allow its licensees to be for-profit corporations.[5] Some plans[specify] are still considered not-for-profit at the state level." That's about blue cross blue shield. That particular company is both. http://en.wikipedia.org/wiki/Blue_Cross_and_Blue_Shield_Association[^]
That's called seagull management (or sometimes pigeon management)... Fly in, flap your arms and squawk a lot, crap all over everything and fly out again... by _Damian S_
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http://www.boston.com/business/ticker/2010/04/health_insurers_1.html?comments=all#readerComm[^] I'd never heard of this before, but it certainly peeked my eye. Supposedly they're all nonprofit insurance companies. I find that hard to believe.
That's called seagull management (or sometimes pigeon management)... Fly in, flap your arms and squawk a lot, crap all over everything and fly out again... by _Damian S_