Posts tagged ‘Insurance’

July 21, 2011

Cut, Cap and Balance

For which the details do not exist except for $111 million in cuts initially yet not identified. Republicans
want to cut expenses, Cap Spending at 18.5% of GDP (22.5% next year) and a Balanced Budget Amendment which will also require a two thirds majority to raise taxes.

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November 24, 2009

Health Care A Simple Solution

Health Care can be reformed by offering not a public option, but a single payer option. To me its very simple, all those uninsured, or those who are tired of paying high premiums, or those small businesses who can’t afford premiums demanded by the Insurance Manopoly, should be afforded the option of purchasing a pre-medicare policy through Medicare for those between the ages of 21 and 64. Their premium will be much less than the current market and they will be exempt from medicare payroll deductions. This will help put medicare in the black. For those who choose to stay with their current insurance plans must continue to pay into the medicare trust through payroll reductions. I guarantee this will bring private insurance premiums down.

Those individuals and families who can’t afford full premiums will be accepted based upon income levels related to the poverty level. Most of the political oposition will of course call this socialism, I like to call it humanitarianism. Caring for those less fortunate is not socialism.

October 6, 2009

Washington D.C. The Bottom Line

After 233 years the people who govern our nation have become flim flam magicians. Not one of these elected officials has the desire or will to present a logical and just case for Health Care Reform much less a public option. They have taken a simple issue and have completely confused and misdirected the initial objectives for reform. I say a simple issue because we have a successful Health Care Plan that works, it’s called Medicare.

The Public Option is being portrayed to the public as a difficult goal when considering who gets affected by the change and how our national budget and costs to special interests will be burdensome. The American Public should be outraged by the complete disrespect for the majority’s wishes. Our Legislators have proven who their loyalties are to, certainly not the American people who put them in office. They have exemplified their desire to satisfy the industries and special interests who have supported their campaigns rather than their constituent’s who elected them to office, or did we?

They say that change is not easy. I have never believed this. Change is made difficult when the primary objective interferes with individual or group self interests. The controlling factor in this debate is monetary influence of our elected officials to satisfy the profit motives of those affected by change specifically those affected by a Public Option or Single Payer System.

 The questions on my mind and should be on your mind is this, Why is it when our elected representatives have to vote on humanitarian issues such as Health Care reform they begin to dissect hundreds of pages of document’s. Yet, decide on giving trillions to banks and insurance companies based on a one or two page document. Why did we enter a war in Iraq with false information? Why are we spending trillions to create a democracy that will never be established in Iraq? Why do we imply that our goals are to lift up the Iraq people to a higher level of existence, when we are rejecting almost 47 million Americans without Health Care, and have over 3.5 million homeless in this country who don’t know where their next meal will come from?

The answer is the Bottom Line, “Corporate Profits”.

August 9, 2009

Healthcare and Capitalism

The debate over a Public Option for healthcare centers on the premise that Government’s entrance into the Capitalist System of providing healthcare insurance options will decrease the overall services they will be attempting enhance. The extreme rhetoric by the opposition centers on dollars and cents rather than providing services. An example of this is the rhetoric that anyone over 70 years of age needing a procedure will have to wait and possible die because of the wait, today procedures in most hospitals outside of emergencies take from diagnosis to procedure a minimum of two weeks and even more.

I remember after two unsuccessful operations in 2004 locally being told that I would have to wait three months to see a Specialist in Tampa for a relatively common problem. I chose not to wait and had the procedure performed by a good doctor in a neighboring county. Needless to say the procedure performed by this good doctor didn’t work. I finally waited for the specialist and the last two out of five operations were successful. The point being made by opposition to the public option is that waits will be longer. It took 5 operations and 3 years to correct my problem and this was under the current system. In my opinion there is only room for improvement.

 The second argument currently being expressed through fear tactics is that employers will decide to drop their current plans so employees will be forced to take the public option. What hasn’t been discussed is that employers are currently being forced today to cut benefits and raise premiums paid by employees. Employers are also raising the number of hours needed to be worked to qualify for employer provided benefits. All of these cost saving methods continue to increase the number of uninsured in the United States. The reason for all of these actions taken by employers is a result of the cost of healthcare has doubled over the last 10 years. The question is why? Have healthcare employees salaries doubled, have provider fees doubled? The answer to both questions is no. But, Healthcare Insurance provider profits have.

 The final argument being waged by the opposition is that Government intervention into a free capitalistic system only creates inefficiencies and waste. It was Government intervention that helped bring our country out of the depression of 1929. It was Government intervention in the 1940’s that provided Social Security to millions of Americans who would have starved to death. It was Government intervention in the 1960’s that provided Healthcare to millions of retirees who could not provide for themselves. . It was the lack of Government over site that almost brought the entire world into the greatest depression man kind has ever seen in 2008. The problem with Government is the Capitalist Intervention into Government through our elected Representatives.      

 Human services must be provided for those who are less fortunate. We Americans have always provided support to those who have been persecuted. We have provided support to those who have been starved. We are a nation of people who are Humanitarians. If we continue to ignore our own citizens who will come to help us?

November 17, 2006

Insurance, a tool for risk management

Re: If you can’t take the risk, get out of the market- 10/17/2006

 

When I first read the heading I presumed the opinion was concerning the Stock Market. After reading it I realized that Ms. B was speaking to Real Estate Investment. I also realized that Ms. B doesn’t know the first thing about the functionality and concept of insurance and its purpose in society. Insurance was designed to assist individuals or companies in case of catastrophic events. The premiums paid for this guarantee were to be invested and held in reserves to pay claims if such events did occur. These premiums were calculated by actuarial therefore to protect the insurance companies from excessive claims. They did this by spreading the risk over the population of all policyholders nationally. So if a flood devastated a resident in New Jersey our premiums would help them, or if and earthquake in California devastated a resident in San Francisco our premiums would help them. One event occurred which upset the Insurance Industry in Florida. Homestead, they found that the claims for this catastrophic event were cutting into their profits and their reserves. The shareholders were going to possibly loss dividends and the value of their shares would drop especially if the company showed a loss. So to avoid such a catastrophe at company headquarters, Florida State lawmakers were lobbied to change the laws governing Insurance Companies. Our State Representatives including our Attorney General and Governor at the time turned the other way and let the insurance companies form separate corporate entities in Florida. This change in law reduced the number of policies funding reserves to cover catastrophic events in Florida. This change would limit the risk of the insurance companies and preserve their profitability.

Premiums were not artificially low for decades they were low because the risk was spread nationally. They are currently high because the lobbies transferred the cost of providing insurance to the people and the State of Florida, Citizens Insurance. You shouldn’t be condemning the hard working residents of this state you should be condemning your representatives who caved into the Insurance Companies lobbyists.  

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