I am really interested if people will notice any real change in their own treatment, and decide to go somewhere else. Maybe it’s just because I’ve been a hard-working lower-class man all my life and thus have not had a huge tax burden in the first place, but I can truly say I’ve never significantly noticed any of the tax increases that have happened in the course of my work lifetime. I feel people really won’t notice any increase in their taxes for this plan, so if anything suffers it will have to be their quality of care. Will the greedy, selfish insurance companies take their ball and go home now that they cannot deny you insurance for pre-existing conditions like pregnancy? They WILL find a way to make you pay, that is for sure.
Edit: also, there is no public option. So nothing about this bill is really socialist. It just imposes regulations on the insurance companies. In fact, since it forces the uninsured to GET insured- through private insurers, no lesss- it is more fascism than anything. (fascism is the merger of state and corporate power, or so said its inventor, Benito Mussolini.)
Many insurance companies [if they are stock companies] publish annual and quarterly reports and you can get them by calling and asking. You can also look them up on Yahoo Finance.
Greedy selfish insurance companies cannot just take their ball and go home.
They have to invest the premiums they collect and use the income to pay claims.
An insurance company is not a welfare agency.
The way an insurance company works is that a bunch of people get together and pool their money to try to smooth out the costs associated with the risk of loss.
Proabably started with shipowners. They would pay into a mutual association [not a stock company] such as Lloyds of London. They would pay by the voyage or by the value of the cargo etc. If they had a loss, they would file a claim. If they didn’t have a loss, they considered themselves lucky to have gotten off.
It spread to other kinds of potential losses. Life insurance. Fire insurance.
If the losses exceeded the pool of money available, then the partners in the mutual insurance pool would have to dig into their own pockets to come up with the money to make up the losses.
Some years there were few losses and other years there were heavy losses.
Medical insurance works the exact same way.
Absolutely NO difference.
If a ship owner was allowed to not take out insurance or to NOT join the pool until
AFTER he had a loss, then the insurance pool would almost immediately go bankrupt; under those conditions there just wouldn’t be enough money to pay the claims.
Medical insurance is exactly the same.
Absolutely no difference.
There is a certain tyranny to math. Maybe that’s why people hate studying math. Because there is no give and take; no negotiation.
When the money runs out, you are out of Schlitz. Broke.
People don’t like math for that very reason.
If you borrow too much money on your credit cards, and you can’t make the payments, then you are screwed. But it’s not the credit card company’s fault. It’s THEIR money that you borrowed. YOU borrowed it; YOU have to pay it back.
Insurance and borrowing are all part of the same package … it is all math.
Somebody once told me that it’s just a bunch of numbers. But the numbers represent REAL MONEY that belongs to someone else.
It has to be paid back.