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Monday, February 22, 2010

"Obama's Health Care Bill Will Limit Insurance Rate Hikes"

Although a federal insurance rate board might be more effective, it seems to me to be the utmost in government interference in private company operations. Given the present role of insurance in health care, providing competition through a public option would be preferable.

This problem demonstrates the foolishness of providing "insurance" against a basic human need. And if insurers can't use risk analysis or avoid pre-existing condition coverage, where's the "insurance"?

2 Comments:

  • The insurance companies can underwrite whole populations if everyone is offered coverage. Right now they are cherry picking the young and healthy when they can. Cost control is the only solution.

    http://www.altruance.com/2010/01/health-care-costs-more-for-less/

    By Anonymous altruance, at 1:58 AM  

  • But isn't the system more like a combination of lay-away plan and giant payment mechanism? Plus, I guess, coverage against catastrophic health challenges.

    Homer

    By Blogger Homer, at 3:49 AM  

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