Non-Profit Insurance

seeker · #11 (**permalink**) 10-09-2007, 06:48 AM

Quote:

Originally Posted by George O Well

>>>They couldn't compete because their health plan (unlike the private insurers) would have to include non-healthy people. We'll see how competitive they get when the private insurers are forced to accept people with pre-existing conditions. My guess is that there will be all sorts of room for non-profit insurers when that happens.

why would they have to include non-healthy people?

when private insurers are forced to accept non-healthy people, the premiums will sky-rocket?

in either situation, the non-profit could offer similar coverages for 20-30% less, IMO.

seeker · #12 (**permalink**) 10-09-2007, 06:52 AM

Quote:

Originally Posted by gdfather02

Ever wonder why??

Yes GF. Care to speculate? Be careful though, the Lead Paint Republicans and Libertarians will accuse you of conspiracy theory.

#13 (**permalink**) 10-09-2007, 08:20 AM

Quote:

Originally Posted by wvpeach

It could happen for health care and I have done some crude figures on how much it would cost.

show us the numbers you crunched

George O Well · #14 (**permalink**) 10-09-2007, 09:39 AM

"when private insurers are forced to accept non-healthy people, the premiums will sky-rocket?"

>>>You betcha.

>>>And they (Edwards and Moore) would have to include non-healthy people because their plans are "universal".

wvpeach · #15 (**permalink**) 10-09-2007, 11:05 AM

Quote:

Originally Posted by gto

show us the numbers you crunched

I will when I have time to post them . They need a little work and updated.

seeker · #16 (**permalink**) 10-09-2007, 11:07 AM

Well George O W they wouldn't "have" to do shit. They might grow so big with better costing insurance plan because they don't charge profit that they would start to walmart the medical people into lowering their costs and have plenty of room to include all people and still cost less than the existing for-profit insurance people.

I fear the one additional cost is the cost of litigation from the for-profit health industries sueing them for everything and anything to keep them from succeeding. This is where Edwards can help.

Sounds like your for, forcing current system to take non-healthy people, then raising prices for everybody.

justme · #17 (**permalink**) 10-10-2007, 04:39 PM

Quote:

Originally Posted by gdfather02

Like the arguements over cigarettes, its all a smokescreen. The feds want to hoop and holler about looking out for our health, yet they refuse to just totally destroy tobacco and all associated with it. Ever wonder why??

Like everything else...money. Taxes from the sale. Not to mention the employment provided. Its the only business in town in some areas.
There was an interesting piece in the NYTimes the other day about Phillip Morris leaving NY and the resultant loss (a couple hundred mil a year) in charitable contributions to NY art and culture programs.

Realist1 · #18 (**permalink**) 10-10-2007, 04:57 PM

Quote:

Originally Posted by gdfather02

Like the arguements over cigarettes, its all a smokescreen. The feds want to hoop and holler about looking out for our health, yet they refuse to just totally destroy tobacco and all associated with it. Ever wonder why??

Look at the bottom of a cigarette pack...Notice anything there?

A Tax Stamp...Both State and Federal.

You don't think they'd keep an addictive product on the Market just for Revenue, do you G/D?

satv365 · #19 (**permalink**) 10-10-2007, 05:14 PM

Quote:

Originally Posted by wvpeach

SATV

Do you know anything about how insurance works?

Its risk versus use. They take in more premiums money than they put out and its based on sheer numbers.

If a company has 1.5 million insured they know they will make a good bit more money in premiums than they will have to put out in health care. This is a simplistic explanation , but for the purposes of this thread it will do.

Now do you want to tell me any reason the American people could not do this?

And as a bonus we'd have a large group and premiums should go down for everybody. Profits can be put back into the program for research and things we are lacking. Like having enough flu vaccine in case of a out break so millions of Americans don't die.

Look at other social programs that where set up in the late part of the depression or the 70s. They are running out of money. Not only that, but they bleed the tax payers dry. There is no reason to tax me for the retirements and healthcare of others,when the governments own mismanagement rises inflation, and drives the nation bankrupt with more funding.

Like i said. There is no way non-profit insurance can last unless it receives massive charity donations from the people. Or even taxation towards it.

The later would simply bankrupt the idea after 50 years or so.

satv365 · #20 (**permalink**) 10-10-2007, 05:19 PM

Ill lay it down this way.

If a group % of people of one generation have little to no healthcare costs. Then the next generation has greater and greater and costs. It is not going to be able to withstand those kinds of scenarios.

It would basicaly be dependant on makin sure only a set amount of people in a ten year or so period would only be allowed to collect or be entitled to this insurance.

Compare it to social security.

Which is why private insurance companys are able to stay afloat. With private industry able to regulate there own bussines so to make sure they dont go out of business when a crisis comes around. Some do, and some dont, but insurance realy isnt a slam dunk if you have it.

My best advice is work hard and make enough money to get a decent healthplan.