Posted on 12/12/2016 9:49:08 PM PST by Ray76
I wonder about this. Obamacare would have led to a dismantling of at least some of the mechanisms involved with traditional insurance rating and packaging of products, as Obamacare made conventional health insurance illegal. I imagine there is considerable institutional memory in the industry, which will continue to dwindle over time, but there will be some retooling required.
Beyond that, the situation prior to Obamacare was not good. There will still be the problems related to the uninsurables, and the freeloaders. Obamacare was basically a mechanism for subsidizing the uninsurables and freeloaders by converting the insurance system into a socialized welfare system.
I don't waste too much time worrying about the freeloaders, but the repeal of Obamacare is the time to enact a serious fix of the longstanding problems in the U.S. health insurance system. Repealing Obamacare will not, in itself, attack the root of the problem, which is the third party payment system which leads people to think that their health insurance is someone else's problem.
It is no longer "medical insurance" but rather a flawed product "healthcare insurance" deliberately designed to fail. It includes chiropractic and mental health treatments...prescription coverages.
I imagine there is considerable institutional memory in the industry, which will continue to dwindle over time, but there will be some retooling required.
Well, insurance is insurance. Property and casualty...automotive and life insurance are pretty much the same as they ever were. Many carriers write some or all of those lines, so the knowledge is there. Most of the "retooling" is paperwork and forms, probably some re-training for the newbies.
The biggest "retooling" will be re-establishing the reserves and reconstructing proper high risk pools.
Beyond that, the situation prior to Obamacare was not good.
It depends what state you were in. Most of the communist Northeastern states had already screwed up their markets in the 1990s by trying to implement their versions of HillaryCare although it was killed in Congress. Other states run by normal people still had pretty good markets. Those are the places now decrying the outrageous premium increases and coverage reductions.
There will still be the problems related to the uninsurables...
They were previously handled with high risk pools, different state-by-state, but most succesful when the HRP association had mandatory participation and was completely funded by the carriers. It works perfectly AND to their advantage as well as the consumer.
...and the freeloaders.
That is a completely different topic from insurance (The Providers) which the liberal dirtbags also screwed up. By forcing hospitals to treat all comers, and then gouging the paying customers (cash and the insured) Hospitals have caused claims (and hence premiums) to skyrocket.
Freeloaders should not be allowed to tie up expensive ERs for hangnails, denying care to true ER patients, but rather be sent to a "free" clinic. If they are illegal aliens, the parent country should be required to pay, preferably out of our overly generous "foreign aid" contributions.
Obamacare was basically a mechanism for subsidizing the uninsurables and freeloaders by converting the insurance system into a socialized welfare system.
Well, insurance is basically private sector welfare....except the the idea is the product is for healthy younger people who MIGHT get sick, or pregnant. Just like drivers who MIGHT have a fender-bender, and not chronic speeders, traffic law violators and those who cause crashes.
ObamaCare and HillaryCare mixes all those together, and forces carriers to write them no matter what...even if they're obviously terminal, and need expensive heroic measures to stay alive...regardless of age.
What does that do to your young families' premiums?
Those patients need to be taken care of, but their claims need to be paid in a different manner than the standard risk pool.
...the repeal of Obamacare is the time to enact a serious fix of the longstanding problems in the U.S. health insurance system.
High time, it has been since 1993>
Repealing Obamacare will not, in itself, attack the root of the problem, which is the third party payment system which leads people to think that their health insurance is someone else's problem.
No, that can be addressed by HSAs Healthcare Savings Accounts, which puts the patient in charge of spending their own money, and shopping around, as costs for the same procedure will vary radically among different providers.
> gone at the end of 2017
Absolutely. There is no reason for any later date.
We are on the same page.
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