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Insurance profits up 665%

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Old 17-Mar-2004, 12:00 PM
  #21  
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it is... but they don't care if it's immoral or not, at the end of the day they get a bigger paycheck the more they gouge you..
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Old 17-Mar-2004, 12:02 PM
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i wonder how many people aren't driving because of there higher insurance rates... or how many businesses have had to close due to them...

kinda puts a needless strain on social services considering its cause is so ceo's can get richer off our coin... kinda the same as our government has been doing all the long
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Old 17-Mar-2004, 12:08 PM
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Originally posted by bbarbulo
[B... I salute them on good risk managment and for making such awesome profits. [/B]
...let me be completely clear, here...if this was a publicly traded company like Walmart (43 billion profit) or such, where I choose the service, I would be applauding, too. In fact, as a businessman and employer, I think there should be fewer rules for businesses, not more. The insurance companies, however, are not in the same position as Walmart et al. As such, I find their profits, made on the backs of Canadians under an arcane government umbrella, obscene...
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Old 17-Mar-2004, 12:11 PM
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taken from another post by insuranceman

"I highly doubt insurance will ever get taken over by the government, unless we elect the NDP into provincial parliment.... Which would be suicide for big business in this province, so I don't see that happening anytime soon ... the insurance industry makes too much money (as an industry) and employs to many people to be taken over by the government ..."


i wonder how much of the general public would care if that happened? also what is worse 1000's of innocent people getting taken down... or the people taking us down getting taken down?

i'd take the side of innocence
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Old 17-Mar-2004, 12:11 PM
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Originally posted by PunkInDrublic
i wonder how many people aren't driving because of there higher insurance rates... or how many businesses have had to close due to them...

kinda puts a needless strain on social services considering its cause is so ceo's can get richer off our coin... kinda the same as our government has been doing all the long
If 1 in 4 is driving around uninsured, they must be freaked everytime they take the car out. I read the fine is from 5 to 25Gs
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Old 17-Mar-2004, 12:11 PM
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the government guarantees them business and profits, so they take advantage of that and charge whatever they want... but do you think the same government that's even considering selling the LCBO and putting up more toll roads is gonna regulate something like this for us? lol why help the people out? take more taxes and more money, that's the way I see it
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Old 17-Mar-2004, 12:14 PM
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i think we're heading into the 30's... ie a depression... once they milk us for all we're worth what will they do then?
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Old 17-Mar-2004, 12:47 PM
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Well, let's also not get too ahead of ourselves.

IMO, the best gov't is NO gov't.

BUT, considering we cannot have NO gov't... it's best that gov't control EVERYTHING.

You know what I'd like to see? Gov't TAX PROFIT of corporations and distribute it. Or not distribute it maybe, but rather pay down our national debt. You know what's awesome about taxes? They don't change consumer behaviour - so companies would still maximize profit even though it'll just get taxed away! Now, you're thinking - but then the CEOs will declare raises for all managment, so they only show in the books a profit under the cap. Right... but then make the salaries transparent (just like the gov't has to delcare/publish any public sevant making over $100Gs), and then tax those ppl directly. Any "bonuses" or raises are also taxed. But then we'd live in a socialist country, and that's a scary word to us (even though when health care was at risk, everyone cried FOUL!).

BTW, question... how many of you pay for health insurance. I pay for my own through Great West Life? Is that normal? I thought health care meant they care for your health - why do I have to purchase additional coverage?
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Old 17-Mar-2004, 12:48 PM
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Personally I've been giving it lots of thought I'm seriously now considering the creating of another political party, whose sole mandate is to fix the issues in this Province using sound finiancial decisions....

I wonder what the process is to register another political party... anyone want to help me write down all the ideas for a platform of reform in this province?
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Old 17-Mar-2004, 12:51 PM
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we could start the civic party... kinda dual meaning... like we drive civics... but also civic as in people...

i think just getting the liberals out of office will help... perhaps not on all fronts but at least then the government desicions would be made for legit reasons other then what the corperations want
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Old 17-Mar-2004, 12:52 PM
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Bbarbulo I completely agree with you on these topics your dead right there... governemtn does tax profit but companies right now max out expenses to make it look like less profit so that they get taxed less and then government to keep businesses around hand back that tax... basically they don't collect from big corporations ... look at the amount of tax Shell owes ... that alone can pay down the debt ...

I say a new political party gets created who wants to help? PM me!
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Old 19-Mar-2004, 12:19 PM
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Originally posted by JookSingKid
Insuranceman has a hard-on for insurance
Debating the facts is one thing, personal attacks show your lack of intelligence on the topic ...

Complaining about Insurance Companies profit is going to change anything, if you really feel strongly about this, you need to speak to your elected officials abd let them know that things need to change or you will vote someone else in ...

I'm not going ot sit here and try and preach to those of you who have already made up your mind that insurance companies are filled with greedy, money hungry people ... If thats how you feel fine, I can see why - I am here to give you the view from the other side, because I am employed with a company ... I'd rather sit down with a few of you and discuss your frustrations and questions than sit here and call each other names ...
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Old 19-Mar-2004, 01:36 PM
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Originally posted by Insuranceman


Debating the facts is one thing, personal attacks show your lack of intelligence on the topic ...

Complaining about Insurance Companies profit is going to change anything, if you really feel strongly about this, you need to speak to your elected officials abd let them know that things need to change or you will vote someone else in ...

I'm not going ot sit here and try and preach to those of you who have already made up your mind that insurance companies are filled with greedy, money hungry people ... If thats how you feel fine, I can see why - I am here to give you the view from the other side, because I am employed with a company ... I'd rather sit down with a few of you and discuss your frustrations and questions than sit here and call each other names ...
:cry:
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Old 19-Mar-2004, 01:45 PM
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Good comeback ...lol ... what I expected ...
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Old 20-Mar-2004, 09:42 PM
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Originally posted by bbarbulo
BTW, question... how many of you pay for health insurance. I pay for my own through Great West Life? Is that normal? I thought health care meant they care for your health - why do I have to purchase additional coverage?
Me too...Blue cross

Did you know that in the US if you have medical insurance it is tax deductible, and the rates my aunt pays for a family of 5, is about the rate we pay for the coverage that is not covered by OHIP.

So where are my tax dollars going??

BTW, we don't want me to talk about politics, but let me tell you once I have my designation, I'm saying "see you later Canada" I am finished with them stealing from my pocket.

And the ****ing sponsorship scandal, during the years in question I alone paid approximately $50,000 in taxes...and for what, to line the pockets of the Liberal "friendlies" Kiss my *** theives, cushy pension collecting mother ****ers
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Old 20-Mar-2004, 10:31 PM
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yeah I think it's time I start considering moving to the states as well money is better for the work I do down there and taxes aare less
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Old 21-Mar-2004, 03:27 AM
  #37  
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Originally posted by Insuranceman


Debating the facts is one thing, personal attacks show your lack of intelligence on the topic ...

Complaining about Insurance Companies profit is going to change anything, if you really feel strongly about this, you need to speak to your elected officials abd let them know that things need to change or you will vote someone else in ...

I'm not going ot sit here and try and preach to those of you who have already made up your mind that insurance companies are filled with greedy, money hungry people ... If thats how you feel fine, I can see why - I am here to give you the view from the other side, because I am employed with a company ... I'd rather sit down with a few of you and discuss your frustrations and questions than sit here and call each other names ...
Don't you get a discount?

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Old 21-Mar-2004, 03:58 PM
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No, I do not get a discount... I have a company car so I don't pay for insurance.
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Old 21-Mar-2004, 05:52 PM
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Insurance companies are a scam. God damn criminals. You work for theives and there is nothing you can say that will change peoples minds.
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Old 21-Mar-2004, 05:53 PM
  #40  
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lol... that's even better than a discount
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