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Boss, having spent my 50 year career in health insurance, I can assure you that health insurance companies have little or no lobbies in Washington. That is because we have almost no regulation from Washington. We deal 90% with state, not federal regulation.
That has been changing in the last 8 years, only because of ACA, but such lobbies are not thoroughly entrenched. The health insurance industry is trying to guide Congress toward what they are doing with Medicare Advantage plans. The have no risk under those plans, and it is in their best interests for Congress to expand Medicare to all ages, and allow insurance companies to offer alternatives to straight government Medicare. The health insurance industry is, in fact, moving out of the risk business altogether. They make far more money, with no risk, hiring themselves out to major employers to handle their self insured plans administration. If congress were to make health insurance illegal, the insurance companies would be delighted, as long as they can continue to write cost plus plans, like Medicare Advantage..
Boss, having spent my 50 year career in health insurance, I can assure you that health insurance companies have little or no lobbies in Washington. That is because we have almost no regulation from Washington. We deal 90% with state, not federal regulation.
That has been changing in the last 8 years, only because of ACA, but such lobbies are not thoroughly entrenched. The health insurance industry is trying to guide Congress toward what they are doing with Medicare Advantage plans. The have no risk under those plans, and it is in their best interests for Congress to expand Medicare to all ages, and allow insurance companies to offer alternatives to straight government Medicare. The health insurance industry is, in fact, moving out of the risk business altogether. They make far more money, with no risk, hiring themselves out to major employers to handle their self insured plans administration. If congress were to make health insurance illegal, the insurance companies would be delighted, as long as they can continue to write cost plus plans, like Medicare Advantage..
The insurance lobby WROTE the ACA bill.
All due respect to your expertise in the field, I understand you deal with state regulators 90% of the time, but the states are federally regulated too. Many of these mandates and regulations are the result of insurance lobbyists who buy influence in Washington.
There is a reason health insurance isn't sold across state lines. The insurance companies enjoy an advantage of not having to compete.
Utter BS, Boss. Any insurance company can file file their policies in any state and get approval within 90 days. In fact, one of my jobs in my career was Compliance, and that is what I did. Not one of the many companies I worked for was selling insurance in less than 20 states, and many, like Unitedhealth, and Prudential operated in 50 states.
Utter BS, Boss. Any insurance company can file file their policies in any state and get approval within 90 days. In fact, one of my jobs in my career was Compliance, and that is what I did. Not one of the many companies I worked for was selling insurance in less than 20 states, and many, like Unitedhealth, and Prudential operated in 50 states.
I didn't say that insurance companies couldn't sell insurance in other states. They cannot compete across state lines. As a businessman, would you rather have 5 competitors or 50? Most with any sense would answer 5.... the less competition, the better. By restricting insurance providers to in-state it reduces the competition. By limiting competition, you can charge more and/or provide less.
You obviously did not understand my post. Any health insurer can do business in any state, and they do, if fact, do business in any state they want to do business in. Aetna sells policies in all 50 states. So does Pru, Unitedhealth, and Healthnet. The only limiting factor is whether or not it is worth if for Pru to send a provider relations team to Nevada to get docs and providers to sign their in-network contracts.
You obviously did not understand my post. Any health insurer can do business in any state, and they do, if fact, do business in any state they want to do business in. Aetna sells policies in all 50 states. So does Pru, Unitedhealth, and Healthnet. The only limiting factor is whether or not it is worth if for Pru to send a provider relations team to Nevada to get docs and providers to sign their in-network contracts.
Right, but they only have to compete with the insurance providers in that state. Consumers don't have the luxury of shopping ALL insurance providers, only the ones who are in their state.
What difference does it make, if every insurance company who wants to sell insurance in that states, DOES sell insurance in that state, and they do!
I can assure you that there is nothing barring a New Jersey insurance company from selling insurance in Idaho. if you have something that proves differently, please post a link.What difference does it make, if every insurance company who wants to sell insurance in that states, DOES sell insurance in that state, and they do!
Because not EVERY insurance company CAN.
I can assure you that there is nothing barring a New Jersey insurance company from selling insurance in Idaho. if you have something that proves differently, please post a link.What difference does it make, if every insurance company who wants to sell insurance in that states, DOES sell insurance in that state, and they do!
Because not EVERY insurance company CAN.
So, why isn't this provision in Trumpcare?Utter BS, Boss. Any insurance company can file file their policies in any state and get approval within 90 days. In fact, one of my jobs in my career was Compliance, and that is what I did. Not one of the many companies I worked for was selling insurance in less than 20 states, and many, like Unitedhealth, and Prudential operated in 50 states.
I didn't say that insurance companies couldn't sell insurance in other states. They cannot compete across state lines. As a businessman, would you rather have 5 competitors or 50? Most with any sense would answer 5.... the less competition, the better. By restricting insurance providers to in-state it reduces the competition. By limiting competition, you can charge more and/or provide less.
Stock Market will react today to all the discussions on Trumpcare.
If the bill passes today before close of market, a short term rally will happen.
If the bill is defeated today before close of market or even after it, a major sell off will occur tomorrow.
Otherwise if nothing happens today before market close, investors will probably stand pat tomorrow.
Fuck you asshole Rube Cry Baby ......awwwwwwwwwwwwww poor baby...Right wing cry babies they can deal it out but they cannot take it....Fuck off cry baby
You may have posted this as a joke, but this is what the regressives actually believe. At least the ones who do not think Trump is the next coming of Hitler and should be assassinated immediately.
So, why isn't this provision in Trumpcare?
You voted for Trump, you supported Trump my dear, and some day even you will realize what a massive screw up he isSo, why isn't this provision in Trumpcare?
I can't find ANYTHING in TrumpCare that Conservatives supported or voted for. This particular thing was something Trump himself campaigned on, along with HSAs which are also not mentioned.
That's why it's being called Obamacare 2.0!
Again, like I said... if we were in the minority and trying to garner some Democrat votes.... then I could see some bill like this being a "compromise" that we have to settle for. I don't understand why Republicans introduce a fucking bill that so many Republicans are simply not going to vote for.
Talk about a WEAK party? This is embarrassing.
