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Having worked thousands of litigation cases for the insurance industry for 35 years I have seen first hand the massive inefficiencies in having the health "care" system in America use insurance as the vehicle for payment of health "care" services.
Massive amount of wasted resources on the 1000+ different insurance companies administering different sets of forms, policies, rules and policies. All health care businesses have to employ people just to keep track of the paperwork.
And the end cost is three times more than what other countries pay for their HEALTH CARE.
Now our disease care is the finest in the world. It should be as most all doctors now are specialists.
And as a nation we now spend 56% of ALL health care dollars in America on disease care.
And growing.
To treat 4% of the population.
And shrinking.
Group health insurance and all blank check health care along with the train wreck of Medicare has ruined American health care.
Go to a system like Germany. Single payer and hey, if you do not like it, BUY YOUR OWN which is also available as private insurance in Germany.
Everyone should be responsible for their OWN HEALTH CARE.
I agree with your diagnosis, but not the cure.
Here's what we should do:
- Decouple catastrophic health insurance (real insurance) from routine care (which is really just prepaid health services).
- Break the link between employment and health care by making health insurance and expenses individual tax deductions; what is now spent by companies can be added to the cash comp of employees, who then choose how to spend their funds (which removes the middleman dollar siphon which shield individuals from the cost of the services they consume).
- Eliminate state barriers to health care competition.
- Malpractice tort reform ala Texas which remove the excessive Lawyer Tax on the system.
Personally, I'd prefer to have a catastrophic policy and a separate concierge service for routine care.
Having worked thousands of litigation cases for the insurance industry for 35 years I have seen first hand the massive inefficiencies in having the health "care" system in America use insurance as the vehicle for payment of health "care" services.
Massive amount of wasted resources on the 1000+ different insurance companies administering different sets of forms, policies, rules and policies. All health care businesses have to employ people just to keep track of the paperwork.
And the end cost is three times more than what other countries pay for their HEALTH CARE.
Now our disease care is the finest in the world. It should be as most all doctors now are specialists.
And as a nation we now spend 56% of ALL health care dollars in America on disease care.
And growing.
To treat 4% of the population.
And shrinking.
Group health insurance and all blank check health care along with the train wreck of Medicare has ruined American health care.
Go to a system like Germany. Single payer and hey, if you do not like it, BUY YOUR OWN which is also available as private insurance in Germany.
Everyone should be responsible for their OWN HEALTH CARE.
I agree with your diagnosis, but not the cure.
Here's what we should do:
- Decouple catastrophic health insurance (real insurance) from routine care (which is really just prepaid health services).
- Break the link between employment and health care by making health insurance and expenses individual tax deductions; what is now spent by companies can be added to the cash comp of employees, who then choose how to spend their funds (which removes the middleman dollar siphon which shield individuals from the cost of the services they consume).
- Eliminate state barriers to health care competition.
- Malpractice tort reform ala Texas which remove the excessive Lawyer Tax on the system.
Personally, I'd prefer to have a catastrophic policy and a separate concierge service for routine care.
Is health care really affordable when the rates are held artificially low because the government borrows $Billions in order to bail out the Insurance Companies? Given the inflationary and economic growth impacts, the resulting flattening/decline of inflation adjusted middle class incomes makes this health care increasingly expensive.
Hopenchange!
Is health care really affordable when the rates are held artificially low because the government borrows $Billions in order to bail out the Insurance Companies? Given the inflationary and economic growth impacts, the resulting flattening/decline of inflation adjusted middle class incomes makes this health care increasingly expensive.
Hopenchange!
There is also a profit limit built into what the companies in the exchanges can make.
Since the government isn't actually bailing out the insurance companies yet,
calm down.
On the bright side, they can use the profit they made on the bank bailout.
Just a matter of time now. The people will cry out for singler payer health care.
The Progs goal all along has been to turn us into Serfs of The State.
Those of us who work are already tax serfs; and those with lots of debt are debt serfs to the Big Government Crony banksters. And now, with healthcare, we are being turned into body serfs.
You guys look remarkably silly when you go on about serfs of slaves of the state.
It shows you have no real clue about what you are talking about.
Slaves had no rights and no benefits. They worked their asses off until they dropped. That was basically it. They lived and died at the whim of their owners.
Serfs were slightly better off in that they might be able to leave the land they tilled for their "master", and might was the operative word here. They too had no benefits.
Having a government that actually does stuff, like make sure we get health care, housing and education are BENEFITS. By the way, no one owns you and you can leave the country if you don't like it. That's the huge difference.
Just a matter of time now. The people will cry out for singler payer health care.
Most of us have likely seen the signs in retail stores "It you break it, you own it", so there is some logic to Obama maneuvering to bail out the Insurance Companies he has "broken" with his economically illiterate and liberty destroying ObamaCare...BUT...he's going to use OUR MONEY to do it.
Yet more Obama Big Government Cronyism.
The Obama administration has quietly adjusted key provisions of its signature healthcare law to potentially make billions of additional taxpayer dollars available to the insurance industry if companies providing coverage through the Affordable Care Act lose money.
The move was buried in hundreds of pages of new regulations issued late last week. It comes as part of an intensive administration effort to hold down premium increases for next year, a top priority for the White House as the rates will be announced ahead of this fall's congressional elections.
Administration officials for months have denied charges by opponents that they plan a "bailout" for insurance companies providing coverage under the healthcare law.
They continue to argue that most insurers shouldn't need to substantially increase premiums because safeguards in the healthcare law will protect them over the next several years.
But the change in regulations essentially provides insurers with another backup: If they keep rate increases modest over the next couple of years but lose money, the administration will tap federal funds as needed to cover shortfalls....
Federal funds earmarked to offset Affordable Care Act insurer losses*-*Los Angeles Times
Is health care really affordable when the rates are held artificially low because the government borrows $Billions in order to bail out the Insurance Companies? Given the inflationary and economic growth impacts, the resulting flattening/decline of inflation adjusted middle class incomes makes this health care increasingly expensive.
Hopenchange!
Are people really this dumb? They will get it from us twx payors either coming or going whether it be through premium increases or some other hidden form of taxation.
Folks:
I understand how frustrated people are about the federal government bailing out private companies.
The ACA, however, is unique in that insurers must take on all comers, regardless of health, within the open enrollment period.
People who are diagnosed with cancer, say in Sept., need to wait for only a few months until coverage must be offered - in full, no riders, no limits, etc.
Three others and I recently applied to the Texas Department of Insurance for a license for a life and health insurer.
We will be offering a unique product, a patented design in which we worked with Milliman, a well-respected actuarial firm for three years, to craft the details.
The plan will be initially offered to self-funded employers of 200 or more employees.
We are deathly afriid of entering the exchanges, with all the potential adverse selection that can occur.
Working with employers, and assuming more of their risk, gradually, over time, is much more palatable for us and will be extremely effective for employers who want to exit the insurance business, albeit more gradually than through the private exchanges. A bit more patience can result in premium savings up to 80% from today's premiums, even including medical inflation.
Don Levit,CLU,ChFC
and all this time people have been saying he was a socialist and now he sides with pay for profit businesses .. ???
By sweeping in the whole healthcare system that, with a small example in the VA, is proven to be broken? And they think they can sell that by so doing, making it better when you increase its size much more than 10 fold? Anyone with any sense will see the faulty reasoning of that.As the grounds for "improving" the broken system in its entirety.
The mess at the VA is just a Pilot Program - Preview of Coming ObamaCare Attractions.
