Web Search powered by Yahoo! SEARCH
I am not a fan of the insurance industry. I believe the insurance industry to date has actually taken advantage of limited competition and used escalating costs to justify rate increases to those who are not in a group plan. And yes there are common ideas that both parties agree, but the major difference is that Republicans would like the control in the hands of individuals, not government nor insurance. And they would like to allow more market based options ie. choose the level of risk.
The reason I believe in market forces to control costs, is based on evidence that shows elective surgeries (i.e. cosmetic surgery) cost rise at a much lower rate close to the rate of inflation. On this theme, I believe if individuals paid for the cost they would make better financail choices even for non-elective care. Of course, there are emergencies where choices are nonexistence but that is where insurance plays a very important role.
In my lifetime I have never experienced a true market based health system. We have (had) state run insurance boards controlling what minimal care must be covered (typically comprehensive in nature, the most expensive), set rates and limited which insurance companies who could compete.
When we operated a business in MA, we chose to provide our employees with a high deductible, PPO health insurance plan due to its low cost vs. same plan with low deductible. We then paid all deductibles so the employee had no out of pocket expenses.
The annual cost savings (when we included all out of pocket expenses paid by the company), was dramatically (12-32% lower)less when reviewed over a five year period. In essence, we took the risk, because the variance was great and we knew our employees.
When RomneyCare was instituted we lost all advantages since now there were limited insurance choices. Now costs are exceeding projections made at its inception and the outlying community hospitals are now threatening to close due to fiscal constraints.
To me its more about fiscal responsibility and not limiting choice; with the decision in our hands vs the government.
But I guess we will just continue to disagree. I think we strayed from the message of the article. Please accept my apologies.
Comments are the sole responsibility of the person posting them. You agree not to post comments that are off topic, defamatory, obscene, abusive, threatening or an invasion of privacy. Violators may be banned. Click here for our full user agreement.
Username * Don't have an account? Sign up for a new account
Password * Can't remember? Reset your password
Comments can be shared on
Add both options by connecting your profiles.
Feels Like: 71°
Feels Like: 76°
Feels Like: 70°
View popular webcams in our area.
Sign up to read an electronic replica of the Marco Eagle newspaper.
Get your local news anywhere you go from the Marco Eagle. Download app »
See photos from local anglers with their biggest catch of the day. Submit your photos.
Our radar shows current conditions and possible severe weather.