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Old Aug 13, 2011, 04:17 AM
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Louisville, KY
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Court Rules Down Mandatory Health Insurance - That Should Be It For Health Insurance

Insurance is pretty simple. It's not evil or mysterious or new. The actuarial tables insurance is based off of date back 4,000 years.

The more people that buy insurance makes it cheaper for each individual. The larger the risk pool for the insured group means the smaller the risk for the individual. The math of insurance works well for individuals in a large group.

But then there is modern health insurance. And there is a big problem there because the group keeps getting smaller and the costs keep going up. The health insurance pool has gone from 90% of the population to almost 60% and that is not enough to keep the insurance model going.

BTW - one third of your health insurance premium goes toward paying for the people that don't have health insurance and don't pay their bills. So you are already paying for those that don't have health insurance today.

In the insurance business once you cross under 50% of the population the math changes and you are just financing risk. That's a pretty big distinction. For one the laws are much laxer for finance companies than insurance companies.

If half of the people can't/don't purchase health insurance then the insurance model is over.

Health insurance becomes a finance model instead. It's not that hard to imagine. Your health insurance card becomes a credit card. The big insurance companies become banks. You save up for that knee replacement and place a down payment and then agree to monthly terms. Those expensive drugs go on your credit card until you can't pay the minimum payment.

Wasn't there a movie about surgical repo men?

So the health insurance problem is tricky. If we can't make it affordable enough for most of the people it does not work. If we can't require/tax most of the people to have it, it does not work.

The only alternative left is financed healthcare. Pay as you go. Remove the wheat from the chaff.

You would not have to worry about death panels anymore, that's for sure. What do you think a death panel costs - $5,000? Yeah, death panels are a freaking luxury if you have to hit up your debit card for it. The new death panel is TWG when they cut off your credit. Do you think Citibank would spend $5,000 to determine if they needed to spend $100,000 on keeping you alive for a few more months? They can spend $0 to do that math.
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Old Aug 13, 2011, 09:13 AM
LcJ
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Maybe 400 years?
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Old Aug 13, 2011, 10:06 AM
Out of Time
United States, TX
Joined Jul 2003
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Court Rules Down Mandatory Health Insurance - That Should Be It For Health Insurance

... But it's not.

It is going to take an election in 2012 to get rid of it completely, which should remind everyone who voted for a Democrat in '08 that "Elections mean something" so that maybe next time they will consider the philosophy of who they vote for and not vote a popularity contest or make an "I am NOT a racist!" statement.
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Old Aug 13, 2011, 10:11 AM
St. Boondock
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Just another view into the mind that thought this kind of BS would fly with the American people. Knock, Knock..........McFLY!!! Anyone HOME?????
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Old Aug 13, 2011, 10:12 AM
I want to go flying!
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Don't get over confident, other courts have ruled ocare is just fine. Remember we live in up side down world.
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Old Aug 13, 2011, 10:23 AM
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If there are 60% of the people with health care, then that corrisponds to the roughly 60% of people who actually work and pay taxes. Seems right to me.


Now we need to make it so that same 60% are the only ones who vote. Let the welfare check grabbers stand on the sidelines and watch, which is what they want.
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Old Aug 13, 2011, 10:39 AM
Bagpipes spoken here
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United States, MN, St Paul
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Quote:
Originally Posted by stone_axe View Post
BTW - one third of your health insurance premium goes toward paying for the people that don't have health insurance and don't pay their bills. So you are already paying for those that don't have health insurance today.
Sort of like everyone having to pay for UM/UIM auto insurance where the states have to set aside a "pool" to cover those who refuse to buy their own insurance. We get tacked with the expense of the "freedom" of the irresponsible no matter what.

Also, a sizeable portion of our current private insurance premiums goes to highly compensated sales agents. I live near a couple of insurance folks and they seem to live pretty comfortably on their commissions.

Social Security manages to pay out about 98% of their premiums to benefits, a figure no smaller private insurance company can come close to. There "is" a reason for that.
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Old Aug 13, 2011, 02:52 PM
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Health insurance, public or private, will never go away. It's the only way that the health care industry can stay in business. Think about it this way. Those with health insurance are paying the salaries of the health care industry 100% of the time, while only receiving care part of the time. Without the rest of us covering the salaries of doctors 100% of the time, intensive care would be so expensive for most of us on an individual basis as to be totally unattainable.

For the health care industry, health insurance is the goose that laid the golden egg. Pay as you go is simply NOT an option for 95% of us.
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Old Aug 13, 2011, 05:40 PM
supreme being of leisure
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Tel Aviv, Israel
Joined Jul 2004
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looks to me like the average american conservative wants to go back to the days where the only type of medical attention available was the local "doc" with his bag of obsolete implements that comes out drunk to your homestead to fix you up after you get mauled by your pitbull.
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Old Aug 13, 2011, 06:31 PM
WAA-08 Survivor
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Originally Posted by ZAGNUT View Post
looks to me like the average american conservative wants to go back to the days where the only type of medical attention available was the local "doc" with his bag of obsolete implements that comes out drunk to your homestead to fix you up after you get mauled by your pitbull.
No, the average conservative wants to continue living in a country which leads the world in health care innovation and care.

If someone is not interested in buying insurance or otherwise planning for health care expenses, then the drunk doctor care you describe should be all they deserve.

-Steve
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Old Aug 13, 2011, 07:08 PM
I want to go flying!
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Quote:
Originally Posted by ZAGNUT View Post
looks to me like the average american conservative wants to go back to the days where the only type of medical attention available was the local "doc" with his bag of obsolete implements that comes out drunk to your homestead to fix you up after you get mauled by your pitbull.
This tells me you do not understand the situation.
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Old Aug 13, 2011, 07:29 PM
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Originally Posted by ZAGNUT View Post
looks to me like the average american conservative wants to go back to the days where the only type of medical attention available was the local "doc" with his bag of obsolete implements that comes out drunk to your homestead to fix you up after you get mauled by your pitbull.
Now, wait a minute. Doc was never drunk.
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Old Aug 13, 2011, 08:56 PM
LcJ
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Originally Posted by Pipemajor View Post
............

Social Security manages to pay out about 98% of their premiums to benefits, a figure no smaller private insurance company can come close to. There "is" a reason for that.
If that is true, then it is broke.......if not now, shortly.
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Old Aug 13, 2011, 09:10 PM
It's 5 O'clock Somewhere
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Dayton, OH
Joined Feb 2006
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Quote:
Originally Posted by Pipemajor View Post
Sort of like everyone having to pay for UM/UIM auto insurance where the states have to set aside a "pool" to cover those who refuse to buy their own insurance. We get tacked with the expense of the "freedom" of the irresponsible no matter what.

Also, a sizeable portion of our current private insurance premiums goes to highly compensated sales agents. I live near a couple of insurance folks and they seem to live pretty comfortably on their commissions.

Social Security manages to pay out about 98% of their premiums to benefits, a figure no smaller private insurance company can come close to. There "is" a reason for that.
A primary reason is the fact that those insurance companies have to pay taxes. Get rid of those taxes and you will see their numbers improve.
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Old Aug 13, 2011, 09:50 PM
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Originally Posted by RumRunner_1492 View Post
A primary reason is the fact that those insurance companies have to pay taxes. Get rid of those taxes and you will see their numbers improve.
Hint. They only pay taxes on their profit. If you took away the taxes, they would only be putting more into their shareholders' pockets. Their numbers wouldn't "improve" one bit.
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