Private health insurance regulation the key to fixing health care costs

Discussion in 'Health Care' started by hudson1955, Jul 7, 2018.

  1. hudson1955

    hudson1955 Active Member

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    Health insurance companies have virtually been unregulated for several decades. Unlike other forms of insurance. The PPACA , Obamacare failed to regulate premiums or fully regulate covered care, allowing the insurance company to decide what they will or will not pay for. And the insured isn't given specific information upfront as Obama promised. So the patient finds the care they need isn't covered after the fact. I am sure many patients go to pick up their prescription only to find it is not covered or is suddenly no longer covered. For one example.

    Trumps/republicans discontinuance of protecting preexisting conditions hurts the insureds and lowers costs of insurance for the companies.

    To address the rising cost of insurance we must keep the "patient protection" part of the ppaca and place regulations and restrictions on insurance companies. Regulating cost of insurance commensurate to the premium paid and the deductible.

    Insurance companies, despite what they claim are the big winners under obamacare.

    Contrary to my former belief, I think medicare for all by establishing medicare part E, (everybody) with monthly premiums based on annual income, would work.

    What do you think?


    E
     
  2. gamewell45

    gamewell45 Well-Known Member Past Donor

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    Cannot hurt to try and see how it goes; right now anything is better then what we've got for people.
     
  3. hudson1955

    hudson1955 Active Member

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    Thanks for your response
     
  4. Lil Mike

    Lil Mike Well-Known Member

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    "Health insurance companies have virtually been unregulated for several decades."

    That's funny!
     
  5. Reiver

    Reiver Well-Known Member

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    I see your sense of humour continues to be problematic!
     
  6. Lil Mike

    Lil Mike Well-Known Member

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    I see your lack of contribution to the thread topic continues apace.
     
  7. Greenbeard

    Greenbeard Active Member

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    Given that the right has been working overtime to destroy insurance markets and the left is getting tired of being in the position of trying to save them, it's getting harder and harder to see things evolving in any other direction at this point.
     
  8. LiveUninhibited

    LiveUninhibited Well-Known Member

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    Health insurance companies are parasitic. Most companies provide services and products and make more money based upon the quality of those things. Health insurance companies make profit by cherry-picking healthy people who don't need health insurance, finding ways to deny paying for healthcare people thought would be covered, and taking more profit the fewer services they provide. And then having a flock of different insurance companies to deal with just means that hospitals have to hire more people to deal with all of these complicated billing/coverage schemes. The net effect is healthcare is more expensive for rich people and poor people just get emergency care.

    Overall, health insurance is one of the things that governments can do better than for-profit companies. That said, I think the best model is like France where everybody gets a basic plan that is publicly funded, but with options to get more coverage through something like insurance companies, but ideally non-profit. And these non-profits could pick up the slack of the government when evil republicans take over and slash funding for healthcare in order to spend more on the military than the rest of the world combined.
     
    Last edited: Jul 13, 2018 at 5:47 AM
  9. Wildjoker5

    Wildjoker5 Well-Known Member

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    Health insurance companies are on the back end of this economic cycle. The doctors set the price. Their price is the result of their education and student loans they MUST pay back and those costs have skyrocketed faster than anything else in the US. Their price also includes their malpractice insurance that is totally unregulated, and is the highest in the world. Their medical equipment is being taxed thanks to Obamacare, this also increases the costs to doctors who must pass the cost onto the consumer. Sorry, but you cant expect doctors and hospitals to lower their costs that would make it impossible to pay their expenses.
     

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