D.C. Circuit guts ObamaCare

[Timsup2nothin]

Get those facts out of here .

Will be losing one of the major individual health carriers in NC on dec 15th...

Can't afford to stay in business without loans from the Federal Gov't. Would never be profitable in addition to that.

Dude, if they can't manage to make a profit in the health insurance business they clearly need more help than a loan from the federal government. I suggest enrolling some of their executives in business school. Even a few basic courses from one of those schools that advertises on matchbooks is enough to figure out how to be profitable in a business that is about as challenging as catching fish in a barrel.

 

[dgfred]

Dude... maybe you should open up an individual health insurance company in NC with all your knowhow and smarts

I don't think you could... or will.

 

[Antilogic]

Tyranny: When 6 justices, appointed by both republican and democratic presidents, vote to uphold a law for the second time.

...and disagrees with them.

 

[dgfred]

Yeah... it makes sense.

ACA care given to everyone regardless of general health or previous conditions.
Premium (for insured) same for everyone at that age with additional subsidies even possible from taxpayer monies. Or helped paid for by Gov't 'loans' or payouts.

Regular health care premium = age/general health/past history for underwriting

***Do you see the difference?

If the premiums acquired do not cover the bills presented (How could they when the premiums taken in are subsidized or not enough due to past health history/general health problems) the Insurance Companies will/can not make money. There will NEVER be enough young people or healthy people signed up to make up the difference.

Even tho health insurance has never been right or equal to all... this travesty of reform will never work IMO.

 

[Kaitzilla]

Yeah... it makes sense.

ACA care given to everyone regardless of general health or previous conditions.
Premium (for insured) same for everyone at that age with additional subsidies even possible from taxpayer monies. Or helped paid for by Gov't 'loans' or payouts.

Regular health care premium = age/general health/past history for underwriting

***Do you see the difference?

If the premiums acquired do not cover the bills presented (How could they when the premiums taken in are subsidized or not enough due to past health history/general health problems) the Insurance Companies will/can not make money. There will NEVER be enough young people or healthy people signed up to make up the difference.

Even tho health insurance has never been right or equal to all... this travesty of reform will never work IMO.

When premiums skyrocket the government will just print more money and give subsidies to everybody.

It will work for a long time.

Next interesting step is how smaller businesses with 50 to 99 employees handle the employer mandate in 2016.

 

[dgfred]

Oh, I see. I have a wrong definition of 'work'.

They have decent plans for 25+ employees here in NC... nothing for anything smaller tho.

 

[Kaitzilla]

Well, look at it this way.

Old people probably make up 90% of all medical costs. (made this up myself )
Medicare subsidizes them to a degree.

If the younger people get subsidized by Obamacare, then the extra 10% (of all medical costs for the country) for subsidies for them shouldn't bankrupt the country either if medicare hasn't yet.

 

[dgfred]

Well, if the auto insurance business did the same it would be giving cheap auto insurance to people that wreck/speed/new-drivers... all the time. How long would that work for them?

What about charging the same amount for insurance on a big mansion as for a run-down wooden shack?

The entire industry is founded on setting a premium to equal (or greater is best for Co.)
the RISK involved.

Risk of medical bills from previously unhealthy/health problem patients will never be equal to the premiums able to be collected in this legislation by the companies.

 

[Antilogic]

So I assume y'all support a national health service or single payer?

 

[Formaldehyde]

Tyranny: When 6 justices, appointed by both republican and democratic presidents, vote to uphold a law for the second time.

...and disagrees with them.

Tyranny: When the actual authoritarian doesn't get his way.

So I assume y'all support a national health service or single payer?

Based on how much complaining there already is, it is going to be a real treat to watch what happens as it becomes more and more obvious what must eventually occur.

 

[Timsup2nothin]

Dude... maybe you should open up an individual health insurance company in NC with all your knowhow and smarts

I don't think you could... or will.

North Carolina is pretty far off my range, thanks.

 

[Timsup2nothin]

The entire industry is founded on setting a premium to equal (or greater is best for Co.)
the RISK involved.

The entire industry is founded on collecting premiums from healthy people that more than cover the current payouts to claims and profitably investing the accumulated reserve. Insurance companies in general are always wanting to talk about how claims compare to premiums while pretending that holding billions of dollars over decades of time doesn't generate any profits worth discussing. The truth is that if your claims on your way out add up to twice as much as the forty years of premiums you paid in the company still made a real profit on your policy...unless they have a very poor investment staff managing the money.

 

[JollyRoger]

So I assume y'all support a national health service or single payer?

That would really hurt the insurance companies.

 

[dgfred]

And anybody wanting good, affordable insurance coverage.

 

[Antilogic]

National healthcare and single payer win on both of those metrics. It appears impossible only in America.

 

[JollyRoger]

I think you can have either good or affordable, but not both.

 

[Antilogic]

...in America.

 

[Timsup2nothin]

National healthcare and single payer win on both of those metrics. It appears impossible only in America.

It actually only appears impossible to people who make their living selling insurance. The rest of us pretty much figure if it works everywhere else it would work here too.

 

[dgfred]

Haha... I see your target. I don't think I said anything about people selling insurance for a living. Insurance Companies.

I don't think you know what you are talking about. Where exactly is it working?

In your example you stated they should be ok because of what they may have made in the past. Good business and all. Not everyone is with the same insurance company they have paid-in on for years.

 

[dgfred]

I think you can have either good or affordable, but not both.

Good as far as coverage.
Affordable according to past and present health.