Health insurance and the bill

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PostPosted: Sun Apr 11, 2010 10:47 am   Post subject:   

Quote:
I would post a bunch of good links, but Lori or some other Mod would yell at me.
"Link a way!" You silly man, you is a moderator your own self! I wouldn't dream of pulling any links that aren't self serving...let em rip-tater chip! Wink


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Lori
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PostPosted: Mon Apr 12, 2010 8:38 pm   Post subject:   

Not until someone actually reads all 2300 pages of the Obamacare legislation will anyone actually know what's in it, and then they won't be able to explain it anyone else.



So what else is new?



Ronald Reagan's Tax Reform Act of 1986 was more than 2000 pages long, no one I know ever read the whole thing, it was tweaked two years later with another thousand or so pages, and it still takes a couple of hours with Turbo Tax to do one's return. Oops! Gotta go do mine!



PROJECTION FOR TAX RETURNS BEGINNING WITH Tax Year 2014:



Line 1: How much did you earn in 2014?

Line 2: How much do have left?

Line 3: Income tax due . . . . write in amount on Line 2



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CA-licensed Life & Disability Analyst. CA Insurance Lic #0596197. Also investigating insurance company abuses, and providing litigation support/expert witness services. Send me your questions, and I'll send you my answers.
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PostPosted: Thu Apr 15, 2010 6:57 pm   Post subject:   

I am amazed by the lack of knowledge concerning this bill amongst the insurance companies and the politicians that wrote and signed this thing.

No one has any ideas of what the effects will be on the economy or even the people that need help. The insurance companies are unable to even plan for these changes as it so unclear what the changes are or will end up to be. I have first hand knowledge of this and am afraid of this bills impact on our economy and everything else that it will touch.



link removed by mod-lori---plz read and adher to our TOU

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PostPosted: Fri Apr 16, 2010 12:26 am   Post subject:   

OH . . . I wouldn't be so sure "No one has any ideas what the effect will be on the economy . . . ."



If insurers are going to be foreclosed when it comes to who they may decline for coverage, and unable to charge higher rates for preexisting conditions, then all of us who would otherwise be insurable are going to have to pay more for our coverage to protect the insurer's risk of adverse selection. Question is, with a captive market, how much will they be allowed to raise premiums? Look at Spirit Air, this past week, announcing $45 fee to carry an item on board one of their aircraft. ("We are lowering our fares on most flight by $40"). Why not keep the same fares and just charge the stinking $5? It's all a matter of PR.



Honestly, it would have been far better for Congress to have adopted an "assigned risk" approach instead of saying no insurer will be able to decline a person due to their preexisting conditions -- at least with assigned risk, those who are declined for coverage can be charged a higher rate or receive reduced coverage as a substandard risk, and insurers would only have received a proportionate share of the AR market, based on their general market share (5% of the general market, must take 5% of the AR cases).



On top of that, we're now getting the word on the REAL COST of the bill over the first ten years. Only about 5-6 times more than Congress was told and voted to approve. Gee . . . I wonder if Obama used the same crew that GW Bush used to feed numbers to Congress on Medicare Part D. After that piece of junk was passed, the real numbers came out and they were at least 3 times as much as Congress agreed to cover.



This was BAAAAAAAAAAAD legislation to begin with, done behind closed doors, voted on in the wee hours of the morning on a weekend. What does that tell you?



Like the Bible says, the wicked love the dark and fear the light.



And the arm-twisting and special deals handed out to obtain the necessary votes in the 11th hour, is a sure sign that this was not something that should ever have been passed.



The will of the People of the United States has been violated by those who were elected to do the People's work and to support and defend the Constitution of the United States. They have all -- democrats and republicans alike -- failed the People, and they all deserve to be thrown out of office the next time they come up for a vote.



All incumbents should be unelected and made lifetime members of the "Recumbent Party."



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CA-licensed Life & Disability Analyst. CA Insurance Lic #0596197. Also investigating insurance company abuses, and providing litigation support/expert witness services. Send me your questions, and I'll send you my answers.
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PostPosted: Fri Apr 16, 2010 1:55 am   Post subject:   

You make excellent arguments MaxHerr, if I would have completed my thought about this bill, I should have finished the thought which is that this bill is designed to cripple the private health insurance market and force us into a single payer system. Not that I am opposed to rationed care either as part of me believes that it must be fairer then our current system which has perhaps the worst mortality rates of any developed nation for poor people.

I am by no means a Socialist however and am confident that both parties are more inept then criminal but the final verdict will find that our two party system is certainly going to be an important cause of our final demise.

This bill should be criminal because in its aspirations it will ruin more then just the economy but our very way of life.

I am shocked and amazed by the size of the hole that we have dug for ourselves and it is probably large enough to bury all of us, before even the worst of this bill is even felt.





link removed by mod-lori

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PostPosted: Fri Apr 16, 2010 3:23 pm   Post subject:   

EC . . .



Why the insurance companies became the target of the Obama Administration is beyond me. That insurance companies are profitable was the rallying point.



Personally, I would never want to do business with an insurer that isn't profitable.



Then again, Wellpoint's application for up to nearly 40% premium increases here in California was both ill-advised and ill-timed.



It was entirely understandable, however, as Wellpoint stands to be one of the major beneficiaries of any "national" health care scheme. Get the rates up first, and answer questions later. Unfortunately, for them, they prematurely killed the golden goose.



As for the hole you mention, Social Security and Medicare already have more than $87 TRILLION in combined future unfunded liabilities according to the Trustees that Congress chooses to ignore. Why would anyone believe they care about this second bottomless pit they have created?



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CA-licensed Life & Disability Analyst. CA Insurance Lic #0596197. Also investigating insurance company abuses, and providing litigation support/expert witness services. Send me your questions, and I'll send you my answers.
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