- Joined
- May 19, 2005
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- 30,534
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- Location
- Louisiana
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- Political Leaning
- Libertarian - Right
Couple of things that immediately pop into my head. Again, I'm still getting my feet wet here, but the 85/15 minimum liability mandate, this means that anything that doesn't cover 85% of all costs pre-deductible+out of pocket, usually you are better off with an 80/20, premiums are better because of the savings a company gets before the customer liability ends.Can you cite information from the bill that supports that conclusion?
Elimination of Pre-existing conditions, this is ultimately good for consumers, but not the companies or consumer pocketbooks, healthy people will ultimately subsidize conditions that are insanely expensive, as well the waiting period eliminations and elimination of lifetime usage maximums.
The second paragraph I submitted contains some necessary and good things because health insurance is something I wish had a better price. Here's the problem, without actually addressing the core problems of health costs, the companies that provide catastrophic loss protection- i.e. Major medical, indemnity, hospitalization, etc. will have major headaches in managing the bottom line, because legally they have been stripped of their stop-loss mechanisms. The two options available in this situation are to eat the losses or pass them along, if you eat the loss then stockholders are angry, if you raise costs you are set up to price most of your consumer base out of the market. If major health costs were addressed by actually going through the real causes, we would bring the entire monster back down to tolerable levels.