Quote from PocketChange:
The number cited is off.. its 59 Million without insurance out of a tax paying base of 118 million individuals.
These politicians are insane flip floppers. First they give these guys a monopoly in exchange for contributions. Next they pass a law requiring all citizens to purchase health insurance. Now they cry that these companies are making huge profits... that they themselves conspired to setup.
Without a single payer plan or the expansion of medicare to be available to all citizens these guys have no competition.
An alternative is to allow foreign insurance companies to offer and underwrite policies.. This will bring the costs down but also move all the premiums collected overseas.
http://www.icicilombard.com/app/ilom-en/PersonalProducts/Health/floater.aspx#
Just for kicks I did a quote for a family of 4: $400 per year for floating family coverage up to $10,000. Obviously this is a rupee to dollar conversion... $10K won't cover much here in the US as the medical charges are rarely disclosed upfront. Its a shell game between insurance company, patient and doctors to get paid.
There is an insane and unjustified markup on medical services provided in the US versus the rest of the world. Same with the markup on drugs and medical equipment.
One example is Hyperbaric Oxygen treatments. $2500 per 1 hour session in the US requiring pre-approval. $15 for 2 hours in India. Same equipment, same procedure just the difference between a cash based medical economy and one that is insurance controlled.
I would argue that the insurance companies are essentially practicing medicine without a license by exercising judgment on the pre-approvals and denials for services.
This situation gets dumped back onto the welfare rolls of the country. As long as private companies and their lawyers control the conversation and legislation it can only get worse for individuals.
Good post
I dont agree with the steaming pile of horse shit the democrats passed,there were much better ways of lowering cost and covering the uninsured.If its between Obama care and the Republicans doing nothing or passing a plan that only covers 3 million of the uninsured though,I support Obama care