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Are health insurance companies staying around with the health care reform? It seems like since everyone will be paying through the government for healthcare renders health insurance obsolete.
I pretty much know nothing about the health care reform and I do not care to know, probably because I am under my parent’s insurance.
Sooo we will pay the government for healthcare through insurance companies?
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March 30th, 2010 at 9:06 pm
I hope THEY TANK! I HATE GREED therefor since Insurance companies turn away children with Pre-existing conditions because they do not make a profit. For those who ARE for health care for profit then I Hope you never take advantage of the reform bill and When the insurance company’s deny those against the current health-care coverage I want to be their to LAUGH in the their faces!!
Hope those of you out their that SMOKE keep that from your respective insurance companies because they will drop you likes it hot.
March 30th, 2010 at 9:06 pm
they will thrive. you and your family will pay for the uninsured. nancy pelosi will dance.
March 30th, 2010 at 9:06 pm
They won’t be able to cut people off when they become sick or reach the age of majority.
March 30th, 2010 at 9:06 pm
They will still be around, but the people who still have policies under them will be so highly taxed that they will practically be forced to use the government provided policies.
March 30th, 2010 at 9:06 pm
How could they? Insurance profit margins are razor thin and in order to make a profit they have had to boost their prices many times in recent years as claims rise. Now, by the end of the year they will be required to shorten their history window from 6 months to 30 days for pre-existing condition denial, eliminate lifetime caps, add coverage for children up to age 26 on parents plans, make reconstructive surgery for children covered, require 85% of income to be spent on medical payments, and a number of other things which all sound like great deals for those being covered, but will explode costs to these insurance providers.
The only thing they will be able to do is to increase the price of insurance which will be carefully monitored by the government. Without a huge reduction in administrative fees, there will be little or no profit shown, shareholders will sell, and the companies will spiral into bankruptcy. We may even see the uninsured numbers increase along with the rise in unemployment at least until 2013 when the individual mandate, public option, and insurance exchanges come into effect. If they are still in existence at that point, how are they going to compete with a company that not only does not have to remain profitable, but can go into as much debt as it wants to?
Reform is necessary, but I am not sure its implementation will do all the good that we have been promised.