HOWEVER, at some point, there has to be an acknowledgment that THIS SH!T COSTS MONEY!
As capitalists, where do we respect the right to earn a reasonable profit and sustain an ongoing business?
I take no insult in being quoted. This is a very good thread covering two issues. My wife is fine, thank you for the kind thought. And my mother is also a cancer survivor of 5 years. we can all be thankful for how advanced our medicine are and well-trained the doctors are.
i do want to make comments on two of your thoughts.
This stuff does cost money. But if I enter a contract, and as anyone with an insurance license knows, health insurance is a UNILATERAL contract. That means, both sides are not made whole. the insurance company is taking the open-ended risk. So if I enter a risk with the insurance company, or anyone, and the contract stipulates that they will pay in the event of a covered loss, I expect them to pay, period.
And on teh second thought, I have no problem with a reasonable profit for anyone. But I have a real problem with massive profits made by screwing their client.
A third thought on Florida homeowner's insurance issue, California had a similar problem. lots of earthquakes and the insurance companies cried poor. They said they couldnt make money on homes, but they can on auto, life, health, etc. It got so bad, California kicked a company out, said they couldn't do ANY business in the state. Then said anotehr will go soon and in no time, the state will just cover everyone. Surprisingly, the companies got together and came to the state claiming they figured a way to cover houses and make money.
See, in Florida, the state allowed insurance co's to form separate corporations bundling the Florida properties separate from the rest of their holdings int he US. So now, every policy had a direct hurricane threat. So what do you think happened when hurricane hit? They all cried poor.
So instead of using the basic premise of insurance, the law of diverse selection, they were able to illustrate how much they would lose if they didn't jack rates to the moon. And the politicians in their back pocket bit on it, hook line and sinker.
I want them to make money so they will stay in business and give me coverage. but cherry picking the types of policies for homeowners, or the typed of ailments in health, is not acceptable. either you cover us for everything or you don't write anything in the state.
There is a reason doctors are on-board with the public option. . . they realize they got bamboozled by the insurance co's in the 04 election. They were told, you fight for tort reform and we can drop you malpractice premiums. Well, they got small tort reform, a new "three strikes and your out" rule for doctors. Lose you license after three malpractice judgements. AND their premiums have gone up. So doctors don't care for private insurers either. You bite the hand too much and the hand will slap you back. that's what's happening to insurance companies now. and they deserve it.
