More evidence of Obamacare lies, FAIL...

Discussion in 'Healthcare/Insurance/Govt Healthcare' started by Capitalist, Sep 21, 2010.

  1. Capitalist
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    Capitalist Jeffersonian Liberal

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    (WaPo) Some of the country’s most prominent health insurance companies have decided to stop offering new child-only plans, rather than comply with rules in the new health-care law that will require such plans to start accepting children with preexisting medical conditions after Sept. 23.
    The companies will continue to cover children who already have child-only policies. They will also accept children with preexisting conditions in new family policies.
    Nonetheless, supporters of the new health-care law complain that the change amounts to an end run around one of the most prized consumer protections.
    “We’re just days away from a new era when insurance companies must stop denying coverage to kids just because they are sick, and now some of the biggest changed their minds,” Ethan Rome, executive director of Health Care for America Now, an advocacy group, said in a statement. “[It] is immoral, and to blame their appalling behavior on the new law is patently dishonest.”
    Three insurers – WellPoint, Cigna and CoventryOne – all cited uncertainty in the health insurance market for their decisions. That incertitude and the resulting decision of other insurers to drop their child-only plans, according to WellPoint spokeswoman Kristin Binns, “has created an unlevel competitive environment.”
    CoventryOne spokesman Matthew D. Eyles said that the insurer was facing “unique challenges that could undermine our ability to offer value and meet our continued obligations to existing policyholders.”
    Read more >>>
     
  2. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Interesting....Insurance companies find the comprehensive health-care plan too burdensome. Maybe if we put in a PUBLIC OPTION they would be willing to compete.

    We sold out our Healthcare plan to give insurers everything they wanted (mandatory coverage) without demanding any concessions in return. If they can't find a way to protect children with pre-existing conditions it is more evidence that we should have provided families with a choice from the beginning
     
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    Last edited: Sep 21, 2010
  3. Charles_Main
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    Charles_Main AR15 Owner

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    Yep, isn't hope and change great.
     
  4. Capitalist
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    Capitalist Jeffersonian Liberal

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    Well that's at least what the central planners in DC thought, when they crafted the bill that nobody thought to read....
    Maybe the free market has out-thought the central planners, once again.
     
  5. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    No, they have done just what we expected them to do.

    Insurance companies spent billions lobbying against a Government Option. They gave us a nice smile and said "You can trust us.....we can provide the insurance America needs without the nasty government getting involved"

    If insurance companies are unable to find a way to insure babies with pre-existing health problems, it is ample evidence that we need a Government option to fill the needs of Americans
     
  6. auditor0007
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    auditor0007 Gold Member

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    The insurance companies will do whatever they can to avoid losses. Unfortunately, they are shooting themselves in the foot. Their days are probably numbered due to their own greed. And I do mean greed. Unlike any other industry in a capitalistic society, healthcare and insurance do not follow the model. Think about this; when an industry grows and that industry/company sells more of its products, what happens to the price of those products? The price drops, usually drastically. The healthcare industry has been growing by leaps and bounds, and it is on course to grow substantially larger with the baby boomers hitting retirement. But what happens to the cost? It goes up and up and up. Now why is that?

    I'll tell you one very simple reason. It is not the only reason, but it should give you a better understanding of how healthcare works in the good old US of A. Insurance companies make a very small profit margin. This is a fact. However, their costs are pretty basic. They have two primary expenses, administrative costs, and actual healthcare costs. The administrative costs are pretty much set in stone; they can't do much to change those. As for the actual healthcare costs, do you think insurance companies want lower or higher costs? They do not want lower costs, and here is the reason. The more they must pay out, the more they must charge for premiums. Because they make a very small profit margin, the more volume they do, the more they make. If an insurance company must charge a policyholder $2000 per year, and they make a 5% profit, then they make $100 in profit. If they must charge $5000 per year due to escalating healthcare costs, and they make that same 5% profit margin, then they earn a profit of $250. If you ran an insurance company, which would you prefer, lower costs with lower revenues and less profit, or higher costs with higher revenues and more profit? You see, the system is set up to increase costs. That is what is good for the insurers. They don't care if costs are going through the roof, because it is increasing their profits. And this is why the same medical procedure can vary in price by hundreds, thousands, and even tens of thousands of dollars. And in most cases, the insurer is hoping to pay the most expensive rate possible, because it is in their best interest.
     
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  7. Article 15
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    Article 15 Dr. House slayer

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    So wait ... you support a public option?
     
  8. Nosmo King
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    Out-thought the central planners? To what end? Screw the families with sick children and increase the corporate bottom line?

    If this represents the nobility and benefits of Capitalism, how can anyone with a conscience support it?
     
  9. Full-Auto
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    They are no longer offering these policies because they can not predict costs.

    Just once I WOULD LIKE THE LEFT TO PROVE MOTIVES AND INTENT.
     
  10. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    If that is the case, it looks like the government needs to step in and offer insurance for these poor children.

    Insurance companies assured us if we removed the government option that they would provide the necessary coverage. If they can't. lets bring back the government option
     

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