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Thread: Health Insurers Plan Hikes

  1. #41
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    Re: Health Insurers Plan Hikes

    All of the criticism of this health care bill has been proven true. The more it is analyzed the worse the news is. Last I heard is that seniors, those who need the care the most and have paid for it the longest, will have severe cuts in availability of preventive procedures and up to $2000 dollars more per year in co-pays. The potential cost, perceived or real, to small businesses has pretty much stopped them from considering any business growth or borrowing.

    Sebelius should be brought to court for threatening political punative action against insurance companies for exercising free speech and sound business practice. It's easy to see that she learned her basic government from Chairman Mao, Stalin and the Gernan National Socialist party. Can one impeach a cabinet secretary? What can we do then? How about voting in a conservative House and Senate in November and totally zip up the pocketbook and appropriate no funding for any of this unbelievable socialist drivel.
    I would rather be exposed to the inconveniences attending too much liberty than to those attending too small a degree of it.--Thomas Jefferson

  2. #42
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    Re: Health Insurers Plan Hikes

    Quote Originally Posted by Councilman View Post
    This really does fly directly in the face of the latest BS Gov. report, and the costs of all care are going up as rationing will become a serious reality along with the death panels that are on the way to a granny near you.

    We have an opportunity to make positive changes in the direction our Nation is taking by Restoring our Heritage and Constitution and taking our Country away from Socialist/Marxist in Chief and his Radical deciples and the progressive Left in Congress.

    Those who stand for nothing fall for anything
    OK, I'm a little dummber for reading this.

    God help us if anyone buys into this silliness.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

  3. #43
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    Re: Health Insurers Plan Hikes

    Quote Originally Posted by buck View Post
    Insurers Pin Rate Hikes on Health Law - WSJ.com



    Health insurance companies state that the are raising rates specifically because of the additional benefits required by Obamacare - which some people here have inexplicably continued to deny and I am sure still will. Add those increases in with the normal increase of health care (which I don't expect to decrease in the future as the dems promised) and premiums are expected to increase about 20% for most of the affected plans.
    That's why if you're going to do something where you will require everyone to have health insurance, that you provide a public option then. I don't think this is to offset costs as much as it is to make more money because they know they can. But I did say that any real government "healthcare" plan would be a play to the insurance companies.
    You know the time is right to take control, we gotta take offense against the status quo

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  4. #44
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    Re: Health Insurers Plan Hikes

    Quote Originally Posted by Ikari View Post
    That's why if you're going to do something where you will require everyone to have health insurance, that you provide a public option then. I don't think this is to offset costs as much as it is to make more money because they know they can. But I did say that any real government "healthcare" plan would be a play to the insurance companies.
    Can you provide information as to how a public option would save any large sums of money? Private health insurance companies only have a profit margin of 4.8% (from yahoo finance). Administrative costs of private insurance are not only a small percentage of premium collected, but they are lower then both Medicare and Medicaid based on a per insured basis.


    From the price-Waterhouse study:
    PricewaterhouseCoopers Cost Study 2008

    Private administrative costs are sometimes compared to Medicare's administrative costs
    without reference to the significant differences in the two programs and their target
    populations. Medicare administrative costs as a percent of total costs are estimated to
    be approximately 5 percent as compared to an estimated 13 percent for private plans. To
    start, they enroll very different populations with different costs per enrollee. On a per
    capita basis, Medicare monthly costs are about $750 per beneficiary compared to
    roughly $350 per member per month in private plans.

    The differences go far beyond the underlying costs of the two programs. Private
    insurers develop a range of products; sell them to an under-65 population; develop and
    support provider networks; promote wellness and prevention; offer disease
    management services; access to health information; and offer consumer support
    services related to choice of providers, treatment plans and value. Traditional Medicare
    primarily provides basic coverage to designated populations, seniors and persons with
    disabilities, without health management services, provider networks, or consumer
    choice of benefit packages. Private plans frequently pay state and local taxes from which
    Medicare is exempt. Similarly, private plans meet state imposed "risk based capital
    requirements" as well as pay appropriate returns to investors. Medicare is financed not
    only through premiums, but through taxation and government borrowing. The
    comparison is complicated further because some of Medicare’s cost of capital—for
    example, the interest cost of the share of national debt due to Medicare spending—is
    not included in the calculation of the program’s administrative costs.

  5. #45
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    Re: Health Insurers Plan Hikes

    Quote Originally Posted by buck View Post
    Can you provide information as to how a public option would save any large sums of money? Private health insurance companies only have a profit margin of 4.8% (from yahoo finance). Administrative costs of private insurance are not only a small percentage of premium collected, but they are lower then both Medicare and Medicaid based on a per insured basis.


    From the price-Waterhouse study:
    PricewaterhouseCoopers Cost Study 2008
    The government is sometimes ok at large, aggregated systems due to its power and economic backing. As such, it is not only able to provide for a larger base than any individual private insurance company, but it is also less susceptible to large changes in the market since the government is not going to go anywhere even in recession. Of course, you'd still need a competent public option which would be another difficulty. Our current incarnation of government rarely does anything compentently.
    You know the time is right to take control, we gotta take offense against the status quo

    Quote Originally Posted by A. de Tocqueville
    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

  6. #46
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    Re: Health Insurers Plan Hikes

    Quote Originally Posted by Ikari View Post
    The government is sometimes ok at large, aggregated systems due to its power and economic backing. As such, it is not only able to provide for a larger base than any individual private insurance company, but it is also less susceptible to large changes in the market since the government is not going to go anywhere even in recession. Of course, you'd still need a competent public option which would be another difficulty. Our current incarnation of government rarely does anything compentently.
    The fact that the current government (public option) plans have administrative costs per insured of more than twice the administrative costs of private insurance companies doesn't seem to back up your assumption that they do better with "large aggregated systems".

  7. #47
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    Re: Health Insurers Plan Hikes

    Quote Originally Posted by buck View Post
    The fact that the current government (public option) plans have administrative costs per insured of more than twice the administrative costs of private insurance companies doesn't seem to back up your assumption that they do better with "large aggregated systems".
    Governments in general are better able to handle large scale, aggregated systems more so than private industry. Ability doesn't guarantee success however, and ill conceived government plans can fall short of the potential government has in enacting such a system. Because of the size and stability and longevity of government, it has advantages within it that cannot be found in private industry. Regardless, if you're going to have a system in which you require everyone to have health insurance you need a public option to compete against the private sector or a system of laws and regulations to prevent collusion.
    You know the time is right to take control, we gotta take offense against the status quo

    Quote Originally Posted by A. de Tocqueville
    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

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