Good points.
AZhitman wrote:Simply Un-American.
Think. The government should have a say in the profitability of a private corporation?
Shouldn't this then extend to, say. auto and homeowner's insurance? There's people out there who can't afford those either...
If YOUR FAMILY owned an insurance company, you'd want the government telling you how profitable it can be?
Yeah, you could consider that very unAmerican. So is not having a way for poorer people to get health care. Someone dying from a treatable condition because they had no way to pay for treatment is unacceptable as well IMO.
The government has a say in the abilities of many industries to make profits. This is done thru regulation. The conditions we place on corporations are not to directly limit their profit making abilities, but so they provide better service to their consumers, often in the form of lower prices for services or providing more services to more people at a given price.
AZhitman wrote:Agreed 100%. However, blame the attorneys, not the insurers.
I know for a fact that my family has incurred costs WELL over a million dollars to our health care insurance company. We'll NEVER pay that much in premiums. We were quite fortunate, but that was by design - I chose to forego a higher-salaried job early on, and selected one with better benefits.
Sure, legal battles btw patients and insurers or provides take a toll on the system. This debate of tort? law reform centered around how to limit these huge punitive damages awarded to patients. Again, a form of regulation.
The insurer's have a part to play too. A profit seeking company has an incentive to deny care to improve its bottom line. In your example, I'm sure your insurer was aware that the value of your claims far exceeded the value of your premiums. This gives them incentives to deny care to lessen their loss and/or increase the premium they charge you.
AZhitman wrote:The word "force" just reeks of government meddling in the free market system, which takes us one step closer to socialism. The end does NOT justify the means.
The only force being applied would be in the form of increased competition, a very free market ideal.
AZhitman wrote:How about these ideas for lowering costs: How about easing some of the restrictions on insurers? Offering incentives for them to cover the indigent? Providing assistance to the uninsured by easing their tax burden? Limiting frivolous lawsuits? Holding people accountable for their stupid behaviors?
Some good ideas. Not sure which restrictions on insurers you're speaking of.
Incentives to cover the poor? If these incentives are not greater than the proposed cost of covering these people, no company would consider insuring this person. They would be willing to insure those with expected costs less than the incentive, and therefore leave the most in need of coverage without. This could work if the incentive was tied to the consumer's risk.
Easing tax burdens sounds like a good idea. But giving a family $100 a month in tax breaks isnt going to allow them to buy coverage at $200/mo. Maybe if we just maintain their current tax rates and provide insurance at $100/month? I understand this involves the govt in private lives, but giving money to the poor is not the explicit goal, but rather getting them health insurance. You could argue that a responsible family would take the tax break, give up other things, and purchase coverage.
AZhitman wrote:The biggest question of them all:
WHERE does the money come from to RUN this "non-profit" insurer? From premiums? HA! You think the indigent and the working poor can pay big premiums?
Let me make it worse: Keep in mind, the "non-profit" insurer WILL be covering those who STATISTICALLY are the biggest risk. The working poor smoke more, drink more, work in more dangerous professions, don't exercise as much, don't eat right, tend to have more children, live in higher-crime areas, engage in more high-risk behaviors... the list goes on and on and on.
Thye certainly cant pay big premiums or they could get insurance without HC reform. Private insurers and providers seek profits. THe non profit insurer would eliminate those profits are result in lower premiums. How much lower I dont know, and I certainly dont know if the non profit insurer's premiums would be low enough to reach the target audience.