Thread: Insurance companies will be screwed

If the healthcare bill gets pass sunday lawsuites will be filed monday over the individual mandate which is unconstitutional. The supreme court will certainly agree and without the mandate nobody will get insurance until they need it and after they get well they will simply drop it. The insurance companies will go out of bussiness. I can't speculate what will happen after that but it won't be good. This bill is going to nothing but harm.

the insurance co's are dinosaurs if HC passes thats for sure, they'll see a short term gain and then, slide right off the cliff, it won't just be the mandate,the mandate at 700 bucks for a years penalty is a joke, it will be the a slow screw's turning in DC as they move or make it attractive to put themselves on the gov. tit.

I work for Humana, which is headquartered in Louisville, Ky, and is pretty much the lifeblood of the Louisville economy. It will be interesting to see how a passage of the legislation will impact the Louisville economy as it has over 20K employees [approx. 9 - 10k in Louisville].

Originally Posted by jotathought

I work for Humana, which is headquartered in Louisville, Ky, and is pretty much the lifeblood of the Louisville economy. It will be interesting to see how a passage of the legislation will impact the Louisville economy as it has over 20K employees [approx. 9 - 10k in Louisville].

I'm predicting the Supreme Court will hold that the individual mandate will be unconstitutional. If I'm right then the impact will be devistating to the insurance industry because the bill will force insurance companies to cover pre-existing conditions and no limits. The individual mandate is the key to the whole thing.

Originally Posted by sinebar

If the healthcare bill gets pass sunday lawsuites will be filed monday over the individual mandate which is unconstitutional. The supreme court will certainly agree and without the mandate nobody will get insurance until they need it and after they get well they will simply drop it. The insurance companies will go out of bussiness. I can't speculate what will happen after that but it won't be good. This bill is going to nothing but harm.

Good riddance to bad rubbish. If the health insurance fails, as it should, the Govt will be the sole option as it should.Public option will be the only option and we will all be equal as we should.

sinebar, you've been hoodwinked. The insurance companies will be fine. It's the rest of us who are getting screwed. The insurance lobby "opposition" is puppet theater, choreographed to keep pressure on the legislators to do as they're told, and dupe the liberals into thinking they're "sticking it to the man". The insurance companies (the large one's controlling the process), are laughing all the way to the bank.

Originally Posted by sinebar

If the healthcare bill gets pass sunday lawsuites will be filed monday over the individual mandate which is unconstitutional. The supreme court will certainly agree and without the mandate nobody will get insurance until they need it and after they get well they will simply drop it. The insurance companies will go out of bussiness. I can't speculate what will happen after that but it won't be good. This bill is going to nothing but harm.

sinebar me friend,

read master Dblack's post carefully, me hearty. he's spot on. very, very, very early in the process, the adminstration made a deal with them folks...'tis no secret, either. they shall reap the benefits 'o the nationwide mandatory policies that shall be bought from sea to shinin' sea.

if this bill passes muster, insurance companies across our great nation will take monday off, they'll be too besotted with wine and grog from thar celebratory parties on sunday evenin'.

- MeadHallPirate

Originally Posted by dblack

and dupe the liberals into thinking they're "sticking it to the man".

This is the feeling I get when reading some of the responses here. It's like they hate insurance companies for not giving handouts while failing to understand that insurance companies are not discount distributors whose purpose is just to save people money. Then they decide they want revenge and hope that the 0 will get them to function as said coupon distributors. Some people simply do not understand how insurance works. Statistics (expected winnings) are just too much for them.

It comes down to this:
- People hate insurance companies for being profitable and not giving handouts.
- People support having the government carve them up and distribute the wealth.

Nobody wants to work, but they all want the best goods and services and for free.

Originally Posted by dblack

sinebar, you've been hoodwinked. The insurance companies will be fine. It's the rest of us who are getting screwed. The insurance lobby "opposition" is puppet theater, choreographed to keep pressure on the legislators to do as they're told, and dupe the liberals into thinking they're "sticking it to the man". The insurance companies (the large one's controlling the process), are laughing all the way to the bank.

I have to disagree, as I stated earlier for the first 5 -8 years, yes they will have more customers but as the math catches up to them, obama will by proxy get what hes wanted all along though he won't be around to savor it,the gov. as the sole money collector and distributor for HC, and the ins. co's will go belly up. The math is inescapable.

Originally Posted by Imperator

I have to disagree, as I stated earlier for the first 5 -8 years, yes they will have more customers but as the math catches up to them, obama will by proxy get what hes wanted all along though he won't be around to savor it,the gov. as the sole money collector and distributor for HC, and the ins. co's will go belly up. The math is inescapable.

The inescapable part is that health insurance is facing a dead-end. They've pushed health care inflation to the point that they can't keep up, and they can't squeeze any more out of customers voluntarily (thus the mandate). The only way they can ensure future profits is to reform their industry as a government regulated monopoly - along the lines of public utilities. Feel free to come back here in a few years and rub my nose in it if I'm wrong (frankly, I hope I am wrong), but the coming reform, an subsequent calls for regulation, won't harm insurance industry profits, it will guarantee them.