Thread: Merry Christmas Health Insurance Companies

It is going to be a Very Merry Christmas for the Health Insurance Companies this year with the passing of this Health care reform, Reform in How the Insurance companies get customers and paid.



http://www.articlesnatch.com/Article...ks-Soar/886252


We have been getting told in the media and here that We the People need to get behind this, as it is to change Health Care..

We have been told that it is the Big Bad Insurance Companies that need to get pulled in, that they are making just to dam much money..

When one looks at the stock increase of the companies over the last few months one finds that they are up an average 25%.. Why? Simple, you and I are going to HAVE to Buy insurance from them.. and even if there is an increase in tax to them it is off set with increased(forced) customers and if the customer can not pay, no problem the Government is going to pay...

Any way one cuts it, the Insurance Companies that we have been told are the Bad Boys are going to be doing very well for years to come.. So to them it is going to be a Merry %^$%&% Christmas ....for those of us that do not have stock in the health insurance companies, and a Happy one for those that have stock, it is going up and up and up and up......

Short lived Diesel.
Haven't you seen where they (Obama himself said it) want to LIMIT THE PROFIT insurance companies make?
Our government seeking to limit the profit of private companies...well isn't that special. Course that will never stand in court.

from the article-

"What does this mean for insurance companies? The government will not offer direct competition to any private health insurance plans, so there will not be as much downward pressure on premiums and costs from that area. Insurers will now have to contend with adding millions of currently uninsured Americans to their rolls, many of them with pre-existing conditions they would otherwise refuse to underwrite. Since they will no longer be allowed to deny coverage, profits will be reduced. Health insurance plans will be banned from charging discriminatory rates that vary based on occupation or gender: for example, the common practice of charging women higher health insurance premiums (excluding pregnancy care) than men of similar health--often justified by the added cost of gynecological care and the supposed higher amount of health care used by women--will no longer be allowed. Lifetime limits on insurance coverage, which are often exceeded by individuals suffering from cancer or other serious illnesses, will also be banned; meanwhile, annual coverage limits will be regulated and limited to a certain sum.

"All of those new regulations, combined with an additional tax on the health insurance industry, seem as if they would have a negative impact on insurers' business models. However, health insurance providers and their shareholders are content with the situation, at least compared with the alternative. Health insurance companies will now see a $2 billion tax in 2011, which will increase each year until it reaches $10 billion in 2017. Such taxes will take a significant bite out of their profit margins; still, they are preferable to the fixed $6.7 billion in taxes that would be levied under the original proposal. Insurers also appreciate the modified version's phasing in of the tax, because it makes it easier for them to factor it into their pricing.

"Most importantly, the Senate's healthcare reform bill will provide subsidies for those making up to 400% of the poverty level to buy health insurance plans. They will be able to enter exchange markets and choose from a variety of health insurance plans from private providers. Many of these individuals and families would not be able to afford health insurance otherwise. In effect, the legislation provides millions of new customers to health insurers. That is very appealing to insurers, who would otherwise see fault with the bill's stricter regulations."

One obvious question is whether the revenues from the mandate and massive expansion of Medicare will be enough to pay for the total costs of now-denied treatment. I rather doubt it. Short-term their profits are assured, and a limit of 20% is just maintaining their present profits over time. It'll be interesting to see if the 8% of income limit to premiums for an individual (in the Senate version) survives reconciliation. Also, if this huge expansion of approved patient care will totally swamp the health care industry.

It's really been a banner year for corporate America. Bailouts galore, mandated customers, lots of juicy new regulation to stifle competition.

This was inspired by the bank bailouts, but it seems to apply this fine Christmas Eve...

Originally Posted by AkDiesel

It is going to be a Very Merry Christmas for the Health Insurance Companies this year with the passing of this Health care reform, Reform in How the Insurance companies get customers and paid.



Providers Of Health Insurance Plans See Stocks Soar


We have been getting told in the media and here that We the People need to get behind this, as it is to change Health Care..

We have been told that it is the Big Bad Insurance Companies that need to get pulled in, that they are making just to dam much money..

When one looks at the stock increase of the companies over the last few months one finds that they are up an average 25%.. Why? Simple, you and I are going to HAVE to Buy insurance from them.. and even if there is an increase in tax to them it is off set with increased(forced) customers and if the customer can not pay, no problem the Government is going to pay...

Any way one cuts it, the Insurance Companies that we have been told are the Bad Boys are going to be doing very well for years to come.. So to them it is going to be a Merry %^$%&% Christmas ....for those of us that do not have stock in the health insurance companies, and a Happy one for those that have stock, it is going up and up and up and up......

There will have to be a public option. As it stands, what passed is a travesty.

As long as healthcare in America remains for profit, the people lose out. America remains the only industrialized country on the planet that needs to profit off of sick people instead of having a lean system that is bent towards preventive medicine and treating people.

A public option will come to pass at some point, no matter if the gov't drags it's feet now. In terms of politics, the GOP simply can't gain next year in the elections if it is perceived that the bill didn't go far enough in the direction that two-thirds of the country wanted it to go.

Not everything should be up for sale in a country, and health care is one of them. Having a needless middle man in the insurance companies is costing the country hundreds of billions it could be saving, or helping to pay down the debt, or paying for the wars, or covering everyone who isn't insured.

If medicare is so bad, than people like Joe Lieberman ought to be forced to choose another option.

Originally Posted by Jason Marcel

As long as healthcare in America remains for profit, the people lose out. America remains the only industrialized country on the planet that needs to profit off of sick people instead of having a lean system that is bent towards preventive medicine and treating people.

A public option will come to pass at some point, no matter if the gov't drags it's feet now. In terms of politics, the GOP simply can't gain next year in the elections if it is perceived that the bill didn't go far enough in the direction that two-thirds of the country wanted it to go.

Not everything should be up for sale in a country, and health care is one of them. Having a needless middle man in the insurance companies is costing the country hundreds of billions it could be saving, or helping to pay down the debt, or paying for the wars, or covering everyone who isn't insured.

If medicare is so bad, than people like Joe Lieberman ought to be forced to choose another option.

Actually e already have public health care, and plenty of it. We have the VA, Medicare, Medicaid, and of course there are our local public health agencies aka, the health department. A little more won't vastly change the mix. I think anyone who wants someone to profit from his/her sickness should be allowed the privilege.

But I can tell you this, I have worked in both public and private systems, and when a company has to make a profit, you are nothing but a dollar sign until you coverage runs out and then you are nothing.

Look on the bright side, at least the lump of coal the rest of us are getting will keep us warm for a while.

Originally Posted by Sunshine

Actually e already have public health care, and plenty of it. We have the VA, Medicare, Medicaid, and of course there are our local public health agencies aka, the health department. A little more won't vastly change the mix. I think anyone who wants someone to profit from his/her sickness should be allowed the privilege.

But I can tell you this, I have worked in both public and private systems, and when a company has to make a profit, you are nothing but a dollar sign until you coverage runs out and then you are nothing.

I go back and forth between Canada and the U.S. and I'm happy with Canada's system. It's cheaper than the U.S.'s, but it's not all-the-way-European either.

Americans have been brainwashed into believing that the Canadian system is totally "socialized", but there is semi-private and private places to go all over the country if you're willing to pay a little more to get something faster. I'm okay with that. That's sensible. But in America, the profit motive rules and it's kind of sickening.

Doctors and health care workers can make a fine living in Canada; it's only greed that makes some of them go south. There must a viable public option that is accessible to every citizen, or else we're not really living up to our Christian standards, imho.

Conservatives always rehash the "you and your doctors ought to be making decisions, not the gov't". But what they neglect to admit is that the reality in America is that it's the insurance companies that serve as pimps between us and our doctors, not the gov't. The gov't is us. The insurance companies are not. It's all bottom line for them.

Originally Posted by Jason Marcel

I go back and forth between Canada and the U.S. and I'm happy with Canada's system. It's cheaper than the U.S.'s, but it's not all-the-way-European either.

Americans have been brainwashed into believing that the Canadian system is totally "socialized", but there is semi-private and private places to go all over the country if you're willing to pay a little more to get something faster. I'm okay with that. That's sensible. But in America, the profit motive rules and it's kind of sickening.

Doctors and health care workers can make a fine living in Canada; it's only greed that makes some of them go south. There must a viable public option that is accessible to every citizen, or else we're not really living up to our Christian standards, imho.

Conservatives always rehash the "you and your doctors ought to be making decisions, not the gov't". But what they neglect to admit is that the reality in America is that it's the insurance companies that serve as pimps between us and our doctors, not the gov't. The gov't is us. The insurance companies are not. It's all bottom line for them.

So you do have Private and for Profit in Canada......... now who would have thought..

For some one helping to lead the cry of ending For Profit in America, their own Country has Profit...