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Reply #14: I'm not "interpreting." I'm just using the old dictionary definition of the word. [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
MADem Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-16-08 01:50 PM
Response to Reply #12
14. I'm not "interpreting." I'm just using the old dictionary definition of the word.
http://www.merriam-webster.com/dictionary/profit

Main Entry: 1prof·it
Pronunciation: \ˈprä-fət\
Function: noun
Usage: often attributive
Etymology: Middle English, from Anglo-French, from Latin profectus advance, profit, from proficere
Date: 14th century
1: a valuable return : gain
2: the excess of returns over expenditure in a transaction or series of transactions; especially : the excess of the selling price of goods over their cost
3: net income usually for a given period of time
4: the ratio of profit for a given year to the amount of capital invested or to the value of sales
5: the compensation accruing to entrepreneurs for the assumption of risk in business enterprise as distinguished from wages or rent


The simple answer is that doctors CAN make a profit with single-payer. It's the INSURANCE COMPANIES that will no longer be able to make an OBSCENE profit. And that's why they are griping...follow the money.
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