Dems make the right call in Tay-ucks-ass

But considering 20% of their revenue goes to shareholders and not healthcare its an obvious difference.

Only in the US does twenty cents of every dollar you pay for premiums go to dividends, share buybacks and executive bonuses.

FALSE - pj implies that 20% (or $90B) of UHC's revenue of $450B goes to the above.  UHC's profit ,margin is 2.6%.  From that 2.6% ($12B) comes dividends, and stock buybacks.  Most executive compensation consists of non-cash outlays of stock.

Meanwhile medicare and medicaid fraud is in the hundreds of billions.

Taxpayers are losing more than $100 billion a year to Medicare and Medicaid fraud, according to estimates from the National Health Care Anti-Fraud Association. “That’s probably a conservative number,” Pérez Aybar said. “When we think about all lines of business in Medicare and Medicaid, that’s probably a drop in the bucket.”

Let me write this very slowly so TOM can understand basic vocabulary.

By definition "profit" is defined as the money left over after a company pays all of its costs.   

For Profit Insurance companies use 80% of their premiums to pay for healthcare - the other 20% is profit which does not..

Non-Profit Insurance companies use 100% of their premiums to pay for healthcare.   There is no extra 20 for profit (hence the label of Non-Profit)     

For Profit Insurance companies use 80% of their premiums to pay for healthcare - the other 20% is profit which does not.. Non-Profit Insurance companies use 100% of their premiums to pay for healthcare. There is no extra 20 for profit (hence the label of Non-Profit)

Where did you come up with this?

Basic economic logic that a child could understand.

If the cost of healthcare is X, then a for-profit system must charge X + (profit margin) to provide services. A not for profit organization would only have to charge X.

X + profit margin > X.

DUH, stupid Tom.

stupid Kevin thinks a not for profit doesn't have overhead costs and that everyone works for free

Tom thinks that the overhead and employment costs would be different for for-profit and not-for-profit organizations. The COSTS are the same either way.

He's STOOOPID.

I'm not sure that's entirely accurate. 

True, not for profit insurance companies don't have shareholders to pay but they still have overhead costs such as staff, office space, supplies etc. so they cannot use 100% of premiums to pay for healthcare. 

Not for profit companies do make a profit. The difference is they invest that profit into the company rather than pay shareholders or other investors. 

Not for profit is not a business model it is a tax status. 

All that being said I do agree that generally speaking a not for profit company would have more money to spend on health care than a for profit company. 

All that being said I do agree that generally speaking a not for profit company would have more money to spend on health care than a for profit company.

A misconception is that public companies pay all their profit to shareholders but that is not true.

While some companies do pay a portion of their profits thru dividends to shareholders; many do not.  In either case the remaining profits are reinvested back into the company.

Not for profit companies can hide their profits by expensing them thru various reserve accounts.

Yes, stupid Tom, when for-profit companies don't pay out all their profits to shareholders, the part retained is called "retained earnings." Retained earnings increase the value of shareholders' equity in the company. Nobody with a brain has the misconception you mention.

Your silly statement that not for profit companies "hide their profits" is Tom-stupid. If expenses are paid, that's not profit. DUH!!!

You're such an idiot.

Of course! It costs X dollars to run a healthcare company. It costs X + some amount to run a healthcare company AND pay out dividends. 

A not for profit company will invest any profits back into the company. A for-profit company will invest a PERCENTAGE of its profits back in the company AKA "retained earnings" and pay out the rest to shareholders.

In a "growth" company, the ratio of retained earnings to dividends is very high. In a "nature" company, it's relatively low.