FACT CHECK: Premiums would rise under Obama plan

Discussion in 'Politics' started by KMAN, Mar 17, 2010.

  1. KMAN
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    KMAN Senior Member

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  2. Claudette
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    Claudette Gold Member

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    Of course cost will go up. YOu can't add millions to anything without costs going up. Common sense which the Dems don't seem to have any of. Jeeze.
     
  3. Oldandtired
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    Oldandtired BANNED

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    Increase in numbers insured will not cause PREMIUMS to go up.

    However, eliminating pre-exisitng conditions will dramatically raise premiums.

    All it takes is basic knowledge of risk management to understand this. If you increase the likelihood of having to pay out for the insured, the cost to insure will increase.

    Not rocket science. Obama simply believes the American People are just too naive to understand this concept.
     
  4. masquerade
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    masquerade positivity

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    Common sense dictates ....
     
  5. Modbert
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    Modbert Daydream Believer Supporting Member

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    $pre_exisiting_condition.jpg
     
  6. Oldandtired
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    Oldandtired BANNED

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    I did not say we should not elimionate pre-existing condition clauses. I simply said that doing so would dramatically increase premiums...and it would do Obama and the democrats well to admit it
     
  7. NYcarbineer
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    NYcarbineer Diamond Member

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    If you require insurers to cover those with pre-existing conditions, while allowing them to charge a certain amount more for that higher risk, then of course premiums go up on average because you're now averaging in risk premiums that didn't exist before.
     
  8. NYcarbineer
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    NYcarbineer Diamond Member

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    Just curious, how many of you have employer based insurance that excludes employees who have pre-existing conditions?
     
  9. hboats
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    hboats Silver Member

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    But, but, but, Obama told me that my premiums would go down, and not only did he tell me that, but he told me they'd go down my 3000%. I'll be sitting here waiting for my refund check on my insurance premiums.

    Rick
     
  10. Oldandtired
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    Oldandtired BANNED

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    So then you agree, when applying risk management, which is the basis for determining premiums in the insurance industry, premiums will rise...

    So please explain how it is that Obama is out there saying that premiums will decrease?

    What is he basing that on?
     

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