Obamacare short circuits insurance actuary math in favor of socialist redistribution

[Iceman]

Posted on November 26, 2013

Interesting article on alternet about framing the discussion.

The writer claims that conservatives are misrepresenting Obamacare and making “redistribution,” a dirty word. But then I saw this paragraph:

The law, for example, banned rate discrimination against women, which insurance companies called “gender rating” to account for their higher health costs. But that raised the relative burden borne by men. The law also limited how much insurers can charge older Americans, who use more health care over all. But that raised the relative burden on younger people.


In other words, the insurance companies are not allowed to practice basic actuary science and charge premiums based on the likelihood of claims. They are short circuiting the whole process of insurance, and basically using for-profit insurance companies as administrators of socialized medicine.

Read here:Obamacare short circuits insurance actuary math in favor of socialist redistributionism | Mindweapons in Ragnarok

 

[OKTexas]

Why do you think they don't call it health insurance any more, it's health care. But guess what, the actual care part of it will be harder to get than ever.

 

[The T]

Why do you think they don't call it health insurance any more, it's health care. But guess what, the actual care part of it will be harder to get than ever.

Precisely. And at the behest of the government. Control...ultimate control.

It's sick.

 

[Hoosier4Liberty]

Actuaries know what they're talking about. It's why they're Obama's enemy #1.

I think it's time for those actuaries to get on the public stage and run for political office. We need more people who can stick it to the Democrats and prove that their policies are atrocious.

 

[Iceman]

Why do you think they don't call it health insurance any more, it's health care. But guess what, the actual care part of it will be harder to get than ever.

Yup. Healthcare in the new Amerika is equivalent to buying homeowner's insurance when your house is burning down.

 

[JakeStarkey]

Obamacare short circuits insurance actuary math in favor of socialist redistribution

No, it does not.

 

[Iceman]

Obamacare short circuits insurance actuary math in favor of socialist redistribution

No, it does not.

Yes it does, read the article.

This isn't insurance.

If you cannot for example, charge a higher rate to a woman than a man, and thus just raise the man's prices to equal a woman, through government mandate, than what is that other than socialism? And how can you call it insurance if insurers are not allowed to assess risk?

 

[Hoosier4Liberty]

Obamacare short circuits insurance actuary math in favor of socialist redistribution

No, it does not.

You're a "conservative" who is significantly to the left of many liberals. Give up the charade, pal.