i choose rent over meds

Discussion in 'Healthcare/Insurance/Govt Healthcare' started by basquebromance, Aug 13, 2019.

  1. basquebromance
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    basquebromance Diamond Member

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    Big surprise: Trump's anti-Obamacare insurance plans are ripping people off.⁠

    Short-term, limited-duration health insurance plans—Obamacare workarounds that do not have to comply to Obamacare—spend less than Obamacare-compliant plans on medical care, according to a data published last week in the National Association of Insurance Commissioner’s 2018 Accident and Health Policy Report, as Modern Healthcare reported.⁠

    For every dollar paid in premiums on UnitedHealthcare’s short-term health plans, 37 cents are spent on medical claims. At Cambia Health Solutions, just 9 percent of premium costs go to medical care. The rest of the money goes to administrative expenses or is kept as profit. On average, the report found that, among the five health insurers that earn the most in short-term insurance premiums, 39.2 percent of premiums were going to pay for patients’ medical care.⁠

    In other words, these so-called "junk insurance" plans are helping insurance companies more than patients.⁠
     
  2. Confounding
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    Confounding Gold Member

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    Sounds like business as usual in the United States.
     
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  3. Tax Man
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    Tax Man Gold Member

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    You were expecting trump to care about people?
     
  4. HenryBHough
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    HenryBHough Gold Member Supporting Member

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    You bought HOW many???
     
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  5. Confounding
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    Confounding Gold Member

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    You think Trump could make insurance companies put people before profit if he wanted to? Not even Obama had that superpower.
     
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  6. basquebromance
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    basquebromance Diamond Member

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    yes
     
  7. andaronjim
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    andaronjim Gold Member

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    reminds me of Tom Daschle the leader of the Senate during Bush 43, where his mother (Ms. Daschle) had to choose between meds and eating cat food. I mean, come on Tom, a multimillionaire tax cheat like you , who wouldn't even help your own mother?

    How to spot a sociopath - 10 red flags that could save you from being swept under the influence of a charismatic nut job
     
  8. dblack
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    dblack Platinum Member

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    Good thing no one is forced to buy them.
     
  9. Polishprince
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    Polishprince Gold Member

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    Let me explain the concept of "insurance" to you. Insurance companies sell policies and hope to pay as few claims as possible. Their power is in their deep pockets.

    Remember this about the O'care program, the insurance companies have UNLIMITED liability in regards to the policies. They have to keep large reserves available in the possibility of extreme claims.Unlike most insurance, O'care requires that there be no limits.
     

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