Wednesday, November 03, 2010

The Democrats need to pass a separate bill to promote the Puiblic Option. The Health Care Bill is working to lower costs.

There was not a landside victory by anyone yesterday.  The liberal Democrats are sill out there and in large number.  The Democrats need to stop seeking to work with Republicans.  They need to pass a Public Option, especially considering the Wall Street Health Insurance companies are abandoning children with preexisting conditions.

Beaware, Jeb Bush will become emboldened by the vote yesterday and will seek to try to deceive the nation to achieve a position in the family dynasty in 2012.  Obama may have to run against a Bush and should be aware of that.  The Democrats need to continue to move the nation forward in a leftward trend.  Wall Street is in play and that is the issue, not  Democratic failure.  The Obama/Pelosi/Reid administration has policies that are working including economic strategies.  We have seen unemployment 'stabilize' with an increase in the private sector employment.  The reason the unemployment stabilized was because the State and Local governments have shrunk and put employees on unemployment.  As the States and Locals were downsizing to shrinking budgets post 2008 collapse (Two years residual effect is not unusal considering many State legislatures are only in their first year of Stimulus) the private sector has been expanding on their own steam without the benefit of bank lending.  That is why the unemployment rate is steady and not less.  The economy is still reacting to the 2008 collapse and hasn't fully re-organized into local strength of economic expansion.  As the 2009 economic expansion continues the State and Local governments will again increase and the unemployment rates will diminish.  The Small Business USA economy is expanding due to government help.

The DNC must carry that REALITY to the people through the next two years.  Otherwise, the electorate will become confused as to whom is sincerely responsible for a rebounding USA economy.  The Obama policies are working.  We need a separate bill for a Public Option to provide good competition in some areas of health care.

NEW YORK (AP) — Health insurer Aetna Inc. said Wednesday its third-quarter net income jumped 53 percent on lower benefits and expenses.

The Hartford, Conn. company said a series of cost management moves and lower use of health care services gave profit a boost during the quarter. The medical benefit ratio, which measures the percentage of premiums spent on medical costs, fell to 81.8 percent from 85.6 percent.

Last year, Aetna struggled with costs that rose faster than it expected when it set prices, due in part to the slumping economy. That caused it to reprice a big portion of its commercial insurance. Health insurance is the company's main product, but it also sells dental, group life and disability coverage.

During the quarter, the insurer earned $497.6 million, or $1.19 per share, in the three months that ended Sept. 30. That's up from the $326.2 million, or 73 cents per share, in the same period last year. Revenue fell 2 percent to $8.54 billion from $8.72 billion, mainly on a decline in membership....
Aetna 3Q profit jumps 53 percent on lower costs  (click title to entry - thank you)