Comments on: Jay Rock Demands 90% http://emptywheel.firedoglake.com/2009/09/30/jay-rock-demands-90/ Fri, 15 Jul 2011 20:48:32 -0500 hourly 1 http://wordpress.org/?v=3.1.2 By: PaulaT http://emptywheel.firedoglake.com/2009/09/30/jay-rock-demands-90/#comment-192929 PaulaT Fri, 02 Oct 2009 19:37:13 +0000 http://emptywheel.firedoglake.com/2009/09/30/jay-rock-demands-90/#comment-192929 <p>I’m not sure it will take that much oversight from Washington. The way I understand it, one of the biggest, if not the biggest, factors in stock price at this point is having a low loss ratio. This is why CEO’s with a fiduciary duty to their shareholders and none to their policy holders must constantly work that number down regardless of bonus and salary structure. The Rockefeller approach should actually do more for the fundamental problem than any other caps they can do (like salary or whatever). If they are all limited, then the rush to the bottom is bottomed out at an even level and they have to concentrate on something else to raise stock value, like volume. If the shareholders demand more profit for dividends in order to buy one stock over another, then the money will have to come out of advertising or salaries or bonuses, which can motivate some lids on those insanities. It can’t come from denying claims once that bottom is reached, so the focus will be elsewhere. As far as oversight, the loss ratio is freely advertised now as it is a selling point for the stock. In the future, it might not be bragged about, but it will still have to be part of the financial filings as a major category that is hard to hide. You might be able to hide yacht payments under advertising, for example, but how do you hide claims payouts? Compare them to total payouts and you have your loss ratio. Look for them to become real jerks to their employees and the doctors on paperwork, delays, etc. in order to squeeze them instead of squeezing execs, but the pressure will be off and the price too high to do the squeezing on the actual payouts.</p> I’m not sure it will take that much oversight from Washington. The way I understand it, one of the biggest, if not the biggest, factors in stock price at this point is having a low loss ratio. This is why CEO’s with a fiduciary duty to their shareholders and none to their policy holders must constantly work that number down regardless of bonus and salary structure. The Rockefeller approach should actually do more for the fundamental problem than any other caps they can do (like salary or whatever). If they are all limited, then the rush to the bottom is bottomed out at an even level and they have to concentrate on something else to raise stock value, like volume. If the shareholders demand more profit for dividends in order to buy one stock over another, then the money will have to come out of advertising or salaries or bonuses, which can motivate some lids on those insanities. It can’t come from denying claims once that bottom is reached, so the focus will be elsewhere. As far as oversight, the loss ratio is freely advertised now as it is a selling point for the stock. In the future, it might not be bragged about, but it will still have to be part of the financial filings as a major category that is hard to hide. You might be able to hide yacht payments under advertising, for example, but how do you hide claims payouts? Compare them to total payouts and you have your loss ratio. Look for them to become real jerks to their employees and the doctors on paperwork, delays, etc. in order to squeeze them instead of squeezing execs, but the pressure will be off and the price too high to do the squeezing on the actual payouts.

]]> By: knowbuddhau http://emptywheel.firedoglake.com/2009/09/30/jay-rock-demands-90/#comment-192859 knowbuddhau Fri, 02 Oct 2009 14:21:48 +0000 http://emptywheel.firedoglake.com/2009/09/30/jay-rock-demands-90/#comment-192859 <p>Mission accomplished for Jay Rock? Or business as usual for Jello Jay? <a href="http://washingtonindependent.com/61992/rockefeller-withdraws-amendment-to-force-insurers-to-spend-more-on-care" rel="nofollow">He withdrew his amendment already</a>.</p> Mission accomplished for Jay Rock? Or business as usual for Jello Jay? He withdrew his amendment already.

]]> By: Legion303 http://emptywheel.firedoglake.com/2009/09/30/jay-rock-demands-90/#comment-192846 Legion303 Fri, 02 Oct 2009 08:18:49 +0000 http://emptywheel.firedoglake.com/2009/09/30/jay-rock-demands-90/#comment-192846 <p>Here’s what I sent Pelosi. Tactful, isn’t it?</p> <p>“Nancy, shut the fuck up. Alan Grayson is absolutely in the right and after the way you appeased GWB by taking impeachment ‘off the table,’ you have no standing with me any more. Just shut the fuck up.”</p> Here’s what I sent Pelosi. Tactful, isn’t it?

“Nancy, shut the fuck up. Alan Grayson is absolutely in the right and after the way you appeased GWB by taking impeachment ‘off the table,’ you have no standing with me any more. Just shut the fuck up.”

]]> By: CindyLugo http://emptywheel.firedoglake.com/2009/09/30/jay-rock-demands-90/#comment-192840 CindyLugo Fri, 02 Oct 2009 05:04:57 +0000 http://emptywheel.firedoglake.com/2009/09/30/jay-rock-demands-90/#comment-192840 <p>Just so you know - the Insurance Industry takes way more than 20%. They currently take 25-30% and are asking and getting approval for 35%.</p> Just so you know – the Insurance Industry takes way more than 20%. They currently take 25-30% and are asking and getting approval for 35%.

]]> By: knowbuddhau http://emptywheel.firedoglake.com/2009/09/30/jay-rock-demands-90/#comment-192753 knowbuddhau Thu, 01 Oct 2009 23:48:16 +0000 http://emptywheel.firedoglake.com/2009/09/30/jay-rock-demands-90/#comment-192753 <p>LMAO! That’s a great one, I richly deserved it. Funny thing is, I credit the very creative “punishment” my 6th grade teacher gave me: copying dictionary pages; for much of my writing style. I do sound like a talking dictionary, huh?</p> LMAO! That’s a great one, I richly deserved it. Funny thing is, I credit the very creative “punishment” my 6th grade teacher gave me: copying dictionary pages; for much of my writing style. I do sound like a talking dictionary, huh?

]]> By: RainaP http://emptywheel.firedoglake.com/2009/09/30/jay-rock-demands-90/#comment-192736 RainaP Thu, 01 Oct 2009 21:37:33 +0000 http://emptywheel.firedoglake.com/2009/09/30/jay-rock-demands-90/#comment-192736 <p>He’s changed it to 85% - which he said he originally had at 90% but House has 85% so that’s what he changed it to.</p> He’s changed it to 85% – which he said he originally had at 90% but House has 85% so that’s what he changed it to.

]]> By: RainaP http://emptywheel.firedoglake.com/2009/09/30/jay-rock-demands-90/#comment-192731 RainaP Thu, 01 Oct 2009 21:27:27 +0000 http://emptywheel.firedoglake.com/2009/09/30/jay-rock-demands-90/#comment-192731 <p>Jay’s bringing up the amendment right now on CSpan3. You can watch it on the computer <a href="http://www.cspan.org/Watch/C-SPAN3_wm.aspx" rel="nofollow">http://www.cspan.org/Watch/C-SPAN3_wm.aspx</a></p> Jay’s bringing up the amendment right now on CSpan3. You can watch it on the computer http://www.cspan.org/Watch/C-SPAN3_wm.aspx

]]> By: MarkH http://emptywheel.firedoglake.com/2009/09/30/jay-rock-demands-90/#comment-192728 MarkH Thu, 01 Oct 2009 21:22:08 +0000 http://emptywheel.firedoglake.com/2009/09/30/jay-rock-demands-90/#comment-192728 <p>Buddhy, you’ve got a lot of nerve using words I’ve never heard before. You one of them Liberal hippie types I heard about? Probably weave baskets in Asheville & smoke dope when the kid’s out of the house. I’ll bet you’ve even read some uh that dictionary thing.</p> <p>Where was I? Oh right…Go Jay!</p> Buddhy, you’ve got a lot of nerve using words I’ve never heard before. You one of them Liberal hippie types I heard about? Probably weave baskets in Asheville & smoke dope when the kid’s out of the house. I’ll bet you’ve even read some uh that dictionary thing.

Where was I? Oh right…Go Jay!

]]> By: MarkH http://emptywheel.firedoglake.com/2009/09/30/jay-rock-demands-90/#comment-192726 MarkH Thu, 01 Oct 2009 21:15:06 +0000 http://emptywheel.firedoglake.com/2009/09/30/jay-rock-demands-90/#comment-192726 <blockquote><p>So, the Rockefeller family bought West Virginia for ol’ Jay and the rest is a rather mundane history until these last two weeks.</p></blockquote> <p>Your characterization isn’t quite what I experienced as a WV native.</p> <p>Jay worked his way up honestly and did well. He was the first really good governor we had during my lifetime. After him we’ve had a few more who basically followed in his mold. None have been terribly Liberal, but they’ve always had the people’s interests at heart and have managed the state’s finances very well.</p> <p>Jay isn’t a native West Virginian, but he’s done a good job despite that handicap.</p>

So, the Rockefeller family bought West Virginia for ol’ Jay and the rest is a rather mundane history until these last two weeks.

Your characterization isn’t quite what I experienced as a WV native.

Jay worked his way up honestly and did well. He was the first really good governor we had during my lifetime. After him we’ve had a few more who basically followed in his mold. None have been terribly Liberal, but they’ve always had the people’s interests at heart and have managed the state’s finances very well.

Jay isn’t a native West Virginian, but he’s done a good job despite that handicap.

]]> By: MarkH http://emptywheel.firedoglake.com/2009/09/30/jay-rock-demands-90/#comment-192724 MarkH Thu, 01 Oct 2009 21:11:42 +0000 http://emptywheel.firedoglake.com/2009/09/30/jay-rock-demands-90/#comment-192724 <p>YES - Thank you for pointing that out.</p> <p>When I read the phrase my reaction was, “What does that mean?” You answered my question and it explains a lot.</p> YES – Thank you for pointing that out.

When I read the phrase my reaction was, “What does that mean?” You answered my question and it explains a lot.

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