Wealth over health (Full Version)

All Forums >> [Community Discussions] >> Dungeon of Political and Religious Discussion



Message


Brain -> Wealth over health (12/11/2009 8:13:34 PM)

Fixing the insurance problem

http://www.msnbc.msn.com/id/3036677/#34386803

Wealth over health

The MIT study was correct but the problem is Senators are listening to the health-insurance industry and the bill has been changed.

MIT analyst supports Senate Health care plan: Premiums will go down for Americans | Crooks and Liars
Republicans have been flogging the notion that if we have health care reform, your premiums will go up. They have no data to back up the claim, but they repeat it endlessly. Here's a new report that throws cold water on their heads. Will this new rep
http://crooksandliars.com/john-amato/mit-analsyst-supports-senate-health-car

The value of CIGNA stock has increased 300% since the health-care debate started recently reflecting the inadequacy of the amended Senate health-care bill.

There is a loophole in the Senate health-care bill, as currently written the health-care bill allows insurance companies to set limits. So if you reach your limit then you end up having to pay a lot of money.

Senators are listening to the health-insurance industry more than anybody else and that's why the health-insurance industry is getting what it wants.

Every time the health-insurance industry doesn't like something it sees it mentions it to Senators and then they get what they want and Democrats should be outraged.

The health-insurance industry is not willing to take any kind of a haircut. You would think if they are getting 30 million new customers they would at least take care of the people that get sick or very sick.

Only 1% of overhead is in Medicare compared to 30% in profits for insurance companies.

The Republican amendments to the health-care legislation are meant to kill the bill as per Rush Limbaugh.





willbeurdaddy -> RE: Wealth over health (12/11/2009 8:16:10 PM)

LMAO. You still dont understand insurance. Its not a loophole! In fact its a fucking bailout for the Dems. If there were no limits permissible there would be no affordable insurance for anyone! Nasty things those unintended consequences.




Fellow -> RE: Wealth over health (12/11/2009 10:41:35 PM)

I agree with the previous post. Private insurance industry in principle can not under free market conditions make huge profits.
Only thing the government needs to do is to break monopoly conditions. The same applies to the clinics and hospitals.




Brain -> RE: Wealth over health (12/12/2009 12:26:15 AM)

The health insurance companies have become monopolies and they need to use antitrust legislation to break them up.





cadenas -> RE: Wealth over health (12/12/2009 12:51:52 AM)

quote:

ORIGINAL: Brain
The health insurance companies have become monopolies and they need to use antitrust legislation to break them up.


I hope not; that would backfire. It is true that they are monopolies (or, technically, oligolopolies) and acting the part.

But the insurance industry is one of those industries that have a "natural monopoly". Insurance companies MUST be large in order to spread the risk. If you break them up into too many small pieces, one of two things will happen. Either, most of the smaller ones will go bankrupt when just a few people get expensively sick (and we are right back where we started), or the smaller insurance companies will make it even harder than it already is for people with higher risk to buy insurance.

Also, breaking up insurance companies isn't necessarily going to lead to more competition. Just think of the "competition" in the cable TV market. Very few people ever get to choose between Cox, Time Warner, Comcast etc. Similarly, health smaller insurance companies would likely still end up as monopolies in smaller markets.

With natural monopolies, there is a different approach: regulate them as public utilities, similar to water and power companies.





Brain -> RE: Wealth over health (12/12/2009 2:01:32 AM)

What we have now is not acceptable and it’s not working. You offered no alternative that works, you just criticized using antitrust legislation to break up a monopoly but offered no alternative.

I put it to you without realizing it that you just made an argument for why a public option is the best solution. A public option is necessary to provide competition and unlike small companies as you describe going bankrupt, the government will not go bankrupt because of health insurance claims.

Although not paying for the wars may turn out to be a different story.




Silence8 -> RE: Wealth over health (12/12/2009 5:33:13 AM)

Following the lines of monopoly logic --- if single payer were adopted, as in many if not most developed countries, the monopoly would be shifted to the buyers of insurance, i.e. the taxypayers -- the people. Then the people could save bucketloads. That's why Canadian health care is cheaper and just as good, probably in many ways better, than U.S. health care. Less overhead, competitive prices.




cadenas -> RE: Wealth over health (12/12/2009 5:37:00 AM)

quote:

ORIGINAL: Brain
What we have now is not acceptable and it’s not working. You offered no alternative that works, you just criticized using antitrust legislation to break up a monopoly but offered no alternative.

I put it to you without realizing it that you just made an argument for why a public option is the best solution. A public option is necessary to provide competition and unlike small companies as you describe going bankrupt, the government will not go bankrupt because of health insurance claims.

Although not paying for the wars may turn out to be a different story.


You are absolutely right, what we have right now is not acceptable and not working at all. The reason I am still criticizing antitrust legislation is that I believe the outcome would be even worse - hard to believe, but, yes, it can still get worse. I actually did offer an alternative, and it also comes from antitrust laws: regulate insurance companies as public utilities. Just as we tell gas and electric companies exactly what prices they can charge and what quality of service they have to provide, we could do the same thing with insurance companies. I don't think this would be a good solution, but it it would probably be an improvement over what we have now.

In the end, though, we are in agreement - what we have now isn't working and is completely utterly unacceptable.

A public option is the absolute minimum necessary. I would go further and say: let's leverage what we already have and simply abolish the age limit in Medicare.





willbeurdaddy -> RE: Wealth over health (12/12/2009 7:10:30 AM)


quote:

ORIGINAL: Silence8

Following the lines of monopoly logic --- if single payer were adopted, as in many if not most developed countries, the monopoly would be shifted to the buyers of insurance, i.e. the taxypayers -- the people. Then the people could save bucketloads. That's why Canadian health care is cheaper and just as good, probably in many ways better, than U.S. health care. Less overhead, competitive prices.


This may be the most bass ackwards post Ive ever read.




Silence8 -> RE: Wealth over health (12/12/2009 9:20:28 AM)


quote:

ORIGINAL: willbeurdaddy


quote:

ORIGINAL: Silence8

Following the lines of monopoly logic --- if single payer were adopted, as in many if not most developed countries, the monopoly would be shifted to the buyers of insurance, i.e. the taxypayers -- the people. Then the people could save bucketloads. That's why Canadian health care is cheaper and just as good, probably in many ways better, than U.S. health care. Less overhead, competitive prices.


This may be the most bass ackwards post Ive ever read.


Exactly -- most of what you think is likely exactly wrong. Maybe you should google 'single payer' to see what's going on in the rest of the world.




Silence8 -> RE: Wealth over health (12/12/2009 9:23:00 AM)


quote:

ORIGINAL: cadenas

quote:

ORIGINAL: Brain
What we have now is not acceptable and it’s not working. You offered no alternative that works, you just criticized using antitrust legislation to break up a monopoly but offered no alternative.

I put it to you without realizing it that you just made an argument for why a public option is the best solution. A public option is necessary to provide competition and unlike small companies as you describe going bankrupt, the government will not go bankrupt because of health insurance claims.

Although not paying for the wars may turn out to be a different story.


You are absolutely right, what we have right now is not acceptable and not working at all. The reason I am still criticizing antitrust legislation is that I believe the outcome would be even worse - hard to believe, but, yes, it can still get worse. I actually did offer an alternative, and it also comes from antitrust laws: regulate insurance companies as public utilities. Just as we tell gas and electric companies exactly what prices they can charge and what quality of service they have to provide, we could do the same thing with insurance companies. I don't think this would be a good solution, but it it would probably be an improvement over what we have now.

In the end, though, we are in agreement - what we have now isn't working and is completely utterly unacceptable.

A public option is the absolute minimum necessary. I would go further and say: let's leverage what we already have and simply abolish the age limit in Medicare.




Medicare for all = single payer.




tazzygirl -> RE: Wealth over health (12/12/2009 9:26:51 AM)

pst Silence.... they missed that part... grins




SpinnerofTales -> RE: Wealth over health (12/12/2009 9:30:09 AM)

quote:

pst Silence.... they missed that part... grins
ORIGINAL: tazzygirl




Don't be too surprised, tazzy. These are the same people saying "Keep government out of my medicare"




tazzygirl -> RE: Wealth over health (12/12/2009 9:46:58 AM)

laughs... never said they were bright, Master Spinner




willbeurdaddy -> RE: Wealth over health (12/12/2009 9:48:07 AM)


quote:

ORIGINAL: Silence8


quote:

ORIGINAL: willbeurdaddy


quote:

ORIGINAL: Silence8

Following the lines of monopoly logic --- if single payer were adopted, as in many if not most developed countries, the monopoly would be shifted to the buyers of insurance, i.e. the taxypayers -- the people. Then the people could save bucketloads. That's why Canadian health care is cheaper and just as good, probably in many ways better, than U.S. health care. Less overhead, competitive prices.


This may be the most bass ackwards post Ive ever read.




Exactly -- most of what you think is likely exactly wrong. Maybe you should google 'single payer' to see what's going on in the rest of the world.



First, I know whats going on in the rest of the world, and it isn't favorable for single payer.

Second, your concept of "monopoly buyers" is so economically retarded its ridiculous.




Silence8 -> RE: Wealth over health (12/12/2009 9:56:54 AM)


quote:

ORIGINAL: willbeurdaddy


quote:

ORIGINAL: Silence8


quote:

ORIGINAL: willbeurdaddy


quote:

ORIGINAL: Silence8

Following the lines of monopoly logic --- if single payer were adopted, as in many if not most developed countries, the monopoly would be shifted to the buyers of insurance, i.e. the taxypayers -- the people. Then the people could save bucketloads. That's why Canadian health care is cheaper and just as good, probably in many ways better, than U.S. health care. Less overhead, competitive prices.


This may be the most bass ackwards post Ive ever read.




Exactly -- most of what you think is likely exactly wrong. Maybe you should google 'single payer' to see what's going on in the rest of the world.



First, I know whats going on in the rest of the world, and it isn't favorable for single payer.

Second, your concept of "monopoly buyers" is so economically retarded its ridiculous.


Actually, it's pretty well-established. It's called a Monopsony. Note that the article specifically lists single payer as the example. Another example, interestingly enough, is Walmart.

ahahahahaha (laughingly smugly, commencing awkward dancing) I guess I won this one!





willbeurdaddy -> RE: Wealth over health (12/12/2009 10:37:03 AM)


quote:

ORIGINAL: Silence8


quote:

ORIGINAL: willbeurdaddy


quote:

ORIGINAL: Silence8


quote:

ORIGINAL: willbeurdaddy


quote:

ORIGINAL: Silence8

Following the lines of monopoly logic --- if single payer were adopted, as in many if not most developed countries, the monopoly would be shifted to the buyers of insurance, i.e. the taxypayers -- the people. Then the people could save bucketloads. That's why Canadian health care is cheaper and just as good, probably in many ways better, than U.S. health care. Less overhead, competitive prices.


This may be the most bass ackwards post Ive ever read.




Exactly -- most of what you think is likely exactly wrong. Maybe you should google 'single payer' to see what's going on in the rest of the world.



First, I know whats going on in the rest of the world, and it isn't favorable for single payer.

Second, your concept of "monopoly buyers" is so economically retarded its ridiculous.


Actually, it's pretty well-established. It's called a Monopsony. Note that the article specifically lists single payer as the example. Another example, interestingly enough, is Walmart.

ahahahahaha (laughingly smugly, commencing awkward dancing) I guess I won this one!




now you not only are an economic dunce, you cant even read your own link.

"In economics, a monopsony (from Ancient Greek μόνος (monos) "single" + ὀψωνία (opsōnia) "purchase") is a market form in which only one buyer faces many sellers. "

Your claim was many buyers...the public..... facing one seller...the single payer provider.

Tripped over your feet dancing, what a shame.




Silence8 -> RE: Wealth over health (12/12/2009 10:58:04 AM)


quote:


now you not only are an economic dunce, you cant even read your own link.

"In economics, a monopsony (from Ancient Greek μόνος (monos) "single" + ὀψωνία (opsōnia) "purchase") is a market form in which only one buyer faces many sellers. "

Your claim was many buyers...the public..... facing one seller...the single payer provider.

Tripped over your feet dancing, what a shame.


Single payer... it's mentioned in the very article on monopsony.

Single payer = single buyer. One buyer. Not many, one. Just one.

When you buy something, you pay for it. Hence single payer. That's the idea. That's what everyone is talking about when they talk about single payer.

As one single payer, we can bargain better prices than we can through a multitude of insurance companies. (Putting aside the massive differences in oversight.) After all, with medicare for all, there's only one game in town.




Silence8 -> RE: Wealth over health (12/12/2009 11:06:17 AM)


quote:

ORIGINAL: Silence8


quote:


now you not only are an economic dunce, you cant even read your own link.

"In economics, a monopsony (from Ancient Greek μόνος (monos) "single" + ὀψωνία (opsōnia) "purchase") is a market form in which only one buyer faces many sellers. "

Your claim was many buyers...the public..... facing one seller...the single payer provider.

Tripped over your feet dancing, what a shame.


Single payer... it's mentioned in the very article on monopsony.

Single payer = single buyer. One buyer. Not many, one. Just one.

When you buy something, you pay for it. Hence single payer. That's the idea. That's what everyone is talking about when they talk about single payer.

As one single payer, we can bargain better prices than we can through a multitude of insurance companies. (Putting aside the massive differences in oversight.) After all, with medicare for all, there's only one game in town.


these would include prices for medicine, treatments, and the like...

To put the matter in brutally blunt terms: it's as if, with single payer, the government is buying everything in bulk. Which, you know, is usually cheaper. Those savings are then passed on down to the consumer -- even pahunkboy.

Note that these aren't the only benefits of this model.




eyesopened -> RE: Wealth over health (12/12/2009 11:08:57 AM)

quote:

ORIGINAL: Brain

There is a loophole in the Senate health-care bill, as currently written the health-care bill allows insurance companies to set limits. So if you reach your limit then you end up having to pay a lot of money.


You simply cannot have limitless insurance.  There isn't an insurance company in the world who could have so much cash as to pay all claims for all people regardless of the cost.  There has to be limits.  Your homeowner's, auto, life, flood, hurricane, travel, luggage, and Best Buy Extended Warranty all have limits.  Hell, even Golden Corral has limits...all-you-can-eat-ends when the restaurant closes.




Page: [1] 2   next >   >>

Valid CSS!




Collarchat.com © 2025
Terms of Service Privacy Policy Spam Policy
0.046875