/s
"If you think healthcare is expensive now, just wait until it's 'free'."
***vital to a functioning insurance system.****
Actuarial science is not taught in the Ivy Leagues. The brilliant intellectuals in government have no appreciation of how insurance works.
How many auto insurance companies would issue a policy to fix damage that has already occurred?
Life & Health Insurance company products/reserves were so well constructed that for the better part of the 20th century, banks borrowed from them.
......pushing away younger, healthier people who are vital to a functioning insurance system.
Make the healthy pay for the sick.
We had our 6 month check ups (because of the meds we take) and a new sign was up in our doc's office, that IF Medicare was your only health ins, then you had to pay the difference UP FRONT before the doctor's visit. I can't blame the doctor, the re-imbursment barely covers his overhead cost. And they are talking about dropping it from 80% to 60%.
“Premiums in New York are now the highest in the nation by some measures, with individual health coverage costing about $9,000 a year on average. And nearly one in seven New Yorkers still lacks health coverage, a greater proportion than before the law was passed.”
I pay over $12,000 a year for my family and I would rather pay that than have any more government involvement.
It is a joke. What they don;t tell you is that every dollar that has anything to do with health care in new york is taxed at 9%.
Ambulance ride, they tax.
Get an aspirin at the hospital 9%
major surgery, they get 9%
Doctors visit 9%
They are what is driving up the costs. But they complain that insurance companies are making far too much money. The insurance company makes anywhere from 1.5 - 3% profit from premiums.