Insurance Industry Quotes & Sayings

Today the courts are choked with lawsuits brought by people against the New King. When they sue each other as a result of an automobile accident they in fact sue the King, for both parties are likely insured ... Steadily the courts have become clearing-houses for the insurance industry. — Gerry Spence

In 2008, I was one of millions united for hope and change. As 2010 dawns, change looks to me like more of the same. Instead of peace, we got more war. Instead of health care reform, we have an industry win that requires Americans to buy health insurance without any real cost controls. — Jodie Evans

Like other magicians, Obama has chosen his distractions well. The insurance industry is currently his favorite distraction as scapegoats, after he has tried to demonize doctors without much success ... Obama even gets away with saying things like having a system to 'keep insurance companies honest' - and many people may not see the painful irony in politicians trying to keep other people honest. — Thomas Sowell

The insurance industry communicates through codes and check-off boxes. If there's no check-off box for you, you don't exist. — Jack Anderson

But you say, does it represent change? The change is that we are fighting an insurance industry that has killed health reform for generations. They're spending tens of millions of dollars right now to defeat this bill, and we're on the doorstep of winning a great victory for the American people. — David Axelrod

The life insurance industry is filled with good people who believe in their work and their companies, but who may never have challenged the assumptions underlying their efforts. — Andrew Tobias

There are opportunities in the pharmaceutical industry, the insurance industry, so yes back home we are talking about investment opportunities in Morocco for various sectors of our economy and we will continue to do that. — Donald Evans

Obamacare is a private mandate that will drive billions to the insurance industry, much like the auto insurance mandate. Hardly socialism. In fact, it was a Republican plan to begin with. — Adam McKay

Interestingly, Agile's scrum-team approach has its own way of aggregating some execution risk. For example, in a traditional "single task owner" approach, the risk of execution is not aggregated at all, leaving that task owner to add a lot of task-level buffer to self-insure and deliver on his commitment. In contrast, a 5-person scrum team aggregates the risk that any single individual will make slow progress, as the other four team members can often make up the deficit.

But why aggregate only up to the scrum-team level? Taking a lesson from the insurance industry, the more that risk can be aggregated, the easier it is to manage. Applied to projects, this will nearly always mean that it's better to aggregate risk at the project level. As a result, an Agile project can improve speed by avoiding sprint-level commitments. — Michael Hannan

Today we have a health insurance industry where the first and foremost goal is to maximize profits for shareholders and CEOs, not to cover patients who have fallen ill or to compensate doctors and hospitals for their services. It is an industry that is increasingly concentrated and where Americans are paying more to receive less. — Dianne Feinstein

The Republican program is the profit-protection program for the insurance industry It's a bill of goods, it's a bill of wrongs. Ours is a patients' bill of rights. — Edward Kennedy

They, the lawmakers, were hoodwinked by the insurance companies who are still funding the national tort reform movement, a political crusade that has been wildly successful. Virtually every state has fallen in line with caps on damages and other laws designed to keep folks away from the courthouse. So far, no one has seen a decline in insurance rates. An investigative report by my pal at the Chronicle revealed that 90 percent of our legislators took campaign money from the insurance industry. And this is considered a democracy. — John Grisham

Opponents of health care reform would take away consumer protections - siding with the insurance industry instead of the middle class. We can't afford that. — Sander Levin

I basically believe the medical insurance industry should be nonprofit, not profit-making. There is no way a health reform plan will work when it is implemented by an industry that seeks to return money to shareholders instead of using that money to provide health care. — Dianne Feinstein

Who's paying the million bucks? The insurance company. We've been trying for years to get the insurance industry to say to the gun industry, We won't insure you unless you have policies that will reduce the likelihood of guns falling into the wrong hands easily. — Michael D. Barnes

Q: Why do you use swear words on your blog, but never the F word?
A: Because I'm saving the F word for the day when I write a blog post about the for-profit health insurance industry and the way its CEOs become wealthy by not only preying on, but exacerbating, other people's personal tragedies.
*ahem*
Happy Monday, everyone :o) — Kristin Cashore

The Superfund legislation set up a system of insurance premiums collected from the chemical industry to clean up toxic wastes. This new program may prove to be as far-reaching and important as any accomplishment of my administration. The reduction of the threat to America's health and safety from thousands of toxic-waste sites will continue to be an urgent but bitterly fought issue-another example for the conflict between the public welfare and the profits of a few private despoilers of our nation's environment. — Jimmy Carter

To protect our country's economic future and the health and well being of all Americans, we must find a way to rein in out-of-control costs, provide quality, affordable health care choices to all, and make outrageous insurance industry abuses a thing of the past. — Michael Bennet

The insurance companies aren't covering that. Should Monsanto be liable for these losses? Should the state government? Who's going to cover the losses? The fact is, here's an industry with no long-term liability in place. — Jeremy Rifkin

How do commercial interests usually protect themselves from liability claims? Through insurance. In fact, in our society, the litmus test for safety is insurance. You can be insured for almost anything if you pay enough for the premium, but if the insurance industry isn't willing to bet its money on the safety of [biotechnology], it means the risks are simply too high or too uncertain for them to take the gamble. — David Suzuki

The health insurance industry does not like to pay out claims, because they don't make money. The only way they can make a profit is if they don't pay for your operation. If they pay for your operation and your doctor's appointment and your pharmaceuticals, they don't make any money. — Michael Moore

In short: Readily available low-cost life insurance would be a threat to the industry, and whatever threatens the life insurance industry threatens America. — Andrew Tobias

Obamacare is a program designed to shift control of the health care industry from the private sector to the public sector, from doctors, hospitals, and insurance companies to the federal government. The program was sold by Obama feigning outrage over insurance companies refusing to grant insurance to people with "preexisting conditions." But this is the same as an insurance company not granting fire insurance to a guy whose house has already burned down. The whole point of insurance is to share the risk before the catastrophe occurs, not to have a catastrophe and then get other people to pay for your losses. — Dinesh D'Souza

There's definitely evidence that capitalism at its most ruthless rewards psychopathic behavior. When you look at the worst corners of the American health insurance industry or the sub-prime banking market, it really feels like the more psychopathically someone behaves, the more it's rewarded. — Jon Ronson

The asbestos industry ... has for decades successfully suppressed and manipulated information on the carcinogenicity and other hazards of asbestos. Involved in this conspiracy network were senior industry executives, their medical staff, attorneys, insurance companies, trade associations, scientific consultants, and commercial labs. — Samuel Epstein

Obamacare is socialism? Nope - as insurance companies vie to sell new policies, competition within private industry is growing rapidly, with the number of participating insurers growing by 26 percent between 2014 and 2015, and the number of products they offer growing by 66 percent. — Kurt Eichenwald

If we truly knew all the answers in advance as to the meaning of life and the nature of God and the destiny of our souls, our belief in all that would not be a leap of faith and it would not a courageous act of humanity; it would just be ... a prudent insurance policy. I'm not interested in the insurance industry. I am tired of being a skeptic, I'm irritated by spiritual prudence and I feel bored and parched by empirical debate. I don't want to hear it anymore. I couldn't care less about evidence and proof and assurances. I just want God. I want God inside me. I want God to play in my bloodstream the way light amuses itself on water. — Elizabeth Gilbert

The government is commonly conceptualized as a business. If it is seen as a service industry, taxes can be seen as payment for services provided to the public. Those services can include protection (by the military, the criminal justice system, and regulatory agencies), adjudication of disputes (by the judiciary and other agencies), social insurance (as in Social Security and Medicare and various "safety nets"), and so on. Under — George Lakoff

There will be no insurance industry left in three years. — Tom Coburn

No one chooses to become a banker. It just happens, like cancer, and then you try to live with it for as long as you can. After thirteen years in the industry, I was damn near terminal. With each step up the corporate ladder I received a slightly smaller laptop, a slightly-harder-to-adjust office chair. To compensate they offered free donuts and coffee cards. Weekends off. 401K vesting. Medical insurance that I had to have because they were turning me into a half-blind hunchback with diabetes. The — Jeremy Robert Johnson

Fraud in the insurance industry is calculated to be $100 billion to $300 billion a year, a cost that gets passed directly to consumers in the form of higher premiums. All told, combined public- and private-sector fraud costs every household in the United States probably around $5,000 a year - or roughly the equivalent of working four months at a minimum-wage job. A hunter-gatherer community that lost four months' worth of food would face a serious threat to its survival, and its retribution against the people who caused that hardship would be immediate and probably very violent. Westerners — Sebastian Junger

The industry cannot long offer unneeded or overpriced insurance if people will not buy it. — Andrew Tobias

With the socialization of the health care system through institutions such as Medicaid and Medicare and the regulation of the insurance industry (by restricting an insurer's right of refusal: to exclude any individual risk as uninsurable, and discriminate freely, according to actuarial methods, between different group risks) a monstrous machinery of wealth and income redistribution at the expense of responsible individuals and low-risk groups in favor of irresponsible actors and high-risk groups has been put in motion. — Hans-Hermann Hoppe

If nuclear power plants are safe, let the commerical insurance industry insure them. Until these most expert judges of risk are willing to gamble with their money, I'm not willing to gamble with the health and safety of my family. — Donna Reed

For almost seventy years the life insurance industry has been a smug sacred cow feeding the public a steady line of sacred bull. — Ralph Nader