[Rainger99]

This year's open enrollment period will be interesting. Do you want to sign up for a plan in which you really don't know what is happening to the doctors in the plan?

It would be nice if they had an open forum to explain what is going on and to reassure patients that TVH will be there in 2026. But I doubt they will start being open and transparent now.

[Topspinmo]

Originally Posted by ROCKETMAN

The person in charge, Neil Luria, is concerned that with 60,000 patients, didn’t know it was that big, with Oct. coming up when you can change plans, how many will stay with the villages. I doubt this will be settled by then. With Humana scheduled to take over, some people are not huge Humana fans.

And some are not Hugh UHC fans either.

[Babubhat]

More useless undefined terms. File bankruptcy and move on. It happens thousands of times a day

[vintageogauge]

Originally Posted by spinner1001

Wants to go back to the days of debtor’s prisons for civil debts

Debtors' prison - Wikipedia

Your reply makes no sense at all.

[vintageogauge]

Originally Posted by golfing eagles

Equally ridiculous. I own stock in General Motors. As a part owner, if GM goes bankrupt, I should be forced to use my retirement funds to pay off their debts??? That idea would go over like a lead balloon.

Excuse me, add the words "privately held corporations"

[vintageogauge]

Originally Posted by jimhoward

Who are "they"? The stockholders? For publicly traded corporations that is you and I. I assume you don't want that. So then I guess we just wont allow privately held corporations any more. Quite a few drawbacks to that.

I'm referring to privately held corporations that file and end up coming out smelling like a rose while all of their creditors suffer.

[VAtoFLA]

Originally Posted by vintageogauge

Excuse me, add the words "privately held corporations"

Still silly. What you are suggesting then is an uneven playing field between corporations traded on public stock exchanges vs those not traded on those exchanges. Mega corporations don't need any additional advantages.

[retiredguy123]

Originally Posted by vintageogauge

No what I mean is that the owners of the corporation should use their personal assets to payoff debts of their corporation.

There are no owners of a corporation. A corporation is a separate and distinct taxable entity. That is why people form a corporation in the first place. If you eliminate the corporate veil, no one would ever form a corporation.

[golfing eagles]

Originally Posted by vintageogauge

Excuse me, add the words "privately held corporations"

Still ridiculous. Under those terms, all venture capitalism would come to a grinding halt---no new factories, no new construction, no new ideas---just unlimited liability for anyone still willing to invest.

[jimhoward]

Originally Posted by vintageogauge

Excuse me, add the words "privately held corporations"

Most privately held corporations are small businesses (less the 500 employees). There are some exceptions, Mars, Publix, and Cargill come to mind, but most are small. Often times the personal assets of the owners in those small companies are pledged against corporate debt.

In the case of Villages Health, its not even a corporation it an LLC. Now if you want to talk LLCs I think there is a argument to be made concerning assets of owners. There the owners are getting the benefit of liability protection, but without incurring the cost of double taxation, and with lower cost of administration. That seems like too good a deal.

[vintageogauge]

Originally Posted by retiredguy123

There are no owners of a corporation. A corporation is a separate and distinct taxable entity. That is why people form a corporation in the first place. If you eliminate the corporate veil, no one would ever form a corporation.

Of course they would as there are tax advantages in having a corporation.

[Aces4]

Originally Posted by Bill14564

The overpayment was specifically tagged? As what?

Profit is income less expenses. The overpayment went to creditors and employees first and whatever was leftover went to profit. But where did profit go? Is there a door somewhere labeled “profit” with a pile of cash behind it? No.

I think I might understand what the poster was getting at but any attempt to claw back (that’s the term these days, right?) the money out of anyone’s wallet is going to get messy.

Yeah, everyone knows what profit is on the ledger. Money leftover after the basic, Medicare/Insurance earned income has been applied to pay expenses, including salaries. Any profit snagged over the actual costs and payments would be utilized in other capacities. That door labeled profit would be determined in a hurry with a decent audit and total review of how money was spent after the basic cost of doing business was determined.

[Angelhug52]

So, do we all start looking for new doctors?

[drducat]

To make matters worse United Healthcare has filed an objections over the sale. They feel their contracture obligation should have put them first on the list to buy..plus they believe they are the largest creditor.

So yes it is time to look for alternative health care

[G.R.I.T.S.]

I’m not very bright but I could not navigate the medicare/insurance business with all the constant changes every year. I’m surprised there are not more instances like the VHC all over the country.