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Author: Subject: Why should I pay?

Peach Extraordinaire





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  posted on 5/16/2017 at 07:31 PM

 

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True Peach



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  posted on 5/16/2017 at 07:39 PM
Thanks for posting this editorial letter ... saves me having to buy the newspaper.

 

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Maximum Peach



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  posted on 5/16/2017 at 09:16 PM
No.

As I have said before, since ACA this is the narrative from what I guess you'd call the left.

Insurance of all types through their history have been customizable products, health insurance plans were more customizable prior to ACA. You pay for what you want covered and you don't pay for what you don't want, all forms of insurance. That is how it worked prior to ACA. Now post ACA we are being told that everyone must pay for a host of things that they otherwise would not need to pay for.

It's like 'they' are trying to transform how insurance works into how government works. Instead of an individual choosing what they do or don't want to insure against and paying accordingly, the government will tell you what you must insure against and pay for no matter if you want it or not.

 

Zen Peach



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  posted on 5/17/2017 at 12:54 PM
quote:
Insurance of all types through their history have been customizable products, health insurance plans were more customizable prior to ACA. You pay for what you want covered and you don't pay for what you don't want, all forms of insurance. That is how it worked prior to ACA.


You could tier your pricing to exactly what health insurance you knew you may or may not need before it may or may not have happened to you before the ACA? Dang, I missed all that.

 

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Ultimate Peach



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  posted on 5/17/2017 at 02:44 PM
quote:
Now post ACA we are being told that everyone must pay for a host of things that they otherwise would not need to pay for.


The article explains why this is normal.

 

Maximum Peach



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  posted on 5/17/2017 at 07:07 PM
quote:

quote:

Insurance of all types through their history have been customizable products, health insurance plans were more customizable prior to ACA. You pay for what you want covered and you don't pay for what you don't want, all forms of insurance. That is how it worked prior to ACA.


quote:
You could tier your pricing to exactly what health insurance you knew you may or may not need before it may or may not have happened to you before the ACA? Dang, I missed all that.



Not what I meant exactly. Allow me to explain.

Iím sure you are familiar with the choices you have in auto and home insurance. If you have bought individual health insurance coverage prior to the ACA I think you might see what I am talking about, there were choices there too.

From the mid 90s to the mid 00s I was on an employer sponsored health insurance plan. From the mid 00s to present I have bought my own individual coverage with the exception of a few years where I had a small group plan as part of my own LLC.

So when I would get annual quotes for my plans from the insurance broker they would present me with over a dozen options from a few different providers. I had a choice of insuring prescription drugs or not. I had an option of having a plan that allowed for annual check-ups or not. Either because my agent didnít think I needed it or not, but we never discussed any special riders or additional plans to cover special things such as drug rehab or mental illness care. Had I seeked such coverage, there mayíve been availability for such coverage.

This is the thing with insurance. The customer makes the choice. There are options that may appeal to some and not others. What did I want my plan to cover and what did think wasn't necessary and I would assume on my own if needed?

And really all insurance does is assign risk and liability to a 3rd party instead of the individual or entity. If I am comfortable assuming some risk of an event or circumstance I donít need to fully insure against it. I generally underinsure everything in my life because I am ok assuming some of the financial risk of a loss or a potential claim. If some other person doesnít want to assume the same level of risk on their own, they can buy different coverage.

I had considered not having health insurance for a while and play the odds, which are generally in my favor I feel. More people pay premiums that don't make claims than people who do make claims. But the premiums I've found have been so cheap that it made sense to buy that level of insurance. Had the premiums been higher it would've created a tougher decision on whether to buy the insurance or not. Because once you pay all the premiums for months, years and not have a claim and then you have to factor your deductible, you could've just saved that money on your own and put it towards many health care costs. Now a catastrophic event or illness, yeah, that is why I buy coverage, to protect against the large financial liability that could be created.

quote:
quote:

Now post ACA we are being told that everyone must pay for a host of things that they otherwise would not need to pay for.


quote:
he article explains why this is normal.




No.

Insurance is not a social program. It is a product that private and public companies sell to meet the needs of the customers seeking the product.

Now in the realm of the article, sure government can provide whatever for their citizens (or illegal citizens) based off of the tax receipts they collect. To what extent that is within the purvue depends where one falls on the political spectrum. But yes, if any government wants to create and expand some program for the greater good and fund it through their revenue stream that is what they do.

But it is not within the responsibility or the burden of corporations to do the same. In this respect, it is not normal. Prior to ACA I did not have to have an insurance plan that met some special criteria the government dictated. Prior to ACA I could weigh the cost/risk equation and decide if I wanted health insurance and if I did I could select from a wide range of products available to me. Post ACA, the government has interjected itself into the relationship of the business/consumer and dictated what the business must offer and what the consumer must accept and what they must pay for, whether they want to or not. And options of available plans are very limited.

I donít have so much of a problem with it in the duty of what the government wants to do with what they create and provide through taxes. I do have a problem with it in the way they mandate corporations what they must offer and what consumers must accept.


 

Ultimate Peach



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  posted on 5/18/2017 at 12:19 PM
quote:
Insurance is not a social program. It is a product that private and public companies sell to meet the needs of the customers seeking the product.


And therein lies the problem, IMO.

 

Maximum Peach



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  posted on 5/18/2017 at 10:05 PM
quote:
quote:
Insurance is not a social program. It is a product that private and public companies sell to meet the needs of the customers seeking the product.


And therein lies the problem, IMO.


Understood. And that is a fair view to have for the health care system you want.

If the goal is single-payer, medicare for all system, the core of that system should be set up without the insurance companies not with them.

 
 


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