RealClearPolitics - You Will Lose Your Private Health Insurance
Do you believe it is an accident that suddenly no mammograms are required at less than 50 years of age? Expect many rulings of this sort in the months and years to come, but rest assured that the STATISTICS on health will continue to look better and better. The fox is in charge of the hen house, he has declared the hens are all fine and happy!
Essentially, this bill forces the insurance companies to cover everyone at the same rate without regard to pre-existing conditions, demands that the coverage cover every little thing (thus making sure that health costs go up), and removes any prospects of profit for the insurance industry.
The part I think I "love" the most is the part that Al Franken was bragging about on MPR today -- insurance companies MUST put 90% of premiums paid into payments for medical care. ONLY 10% can be spent on administration, management, advertising, etc. Isn't that sweet? So what incentive do we have here? Let's see, if I have $1,000 premiums today, I can make only $100, but if I get to $10,000 in premiums, I can make $1,000. Do you think the medical community would like to get that extra $9,000, or do you think they would turn it down?
Oh, I know, there will be a "government regulator" -- guess what, there always have been PLENTY of "government regulators" at SEC, HEW, USDA, etc, etc, and billions of dollars are wasted, skimmed or just flat out missing all the time. Did you hear of anyone at SEC losing their job over the Sub-Prime meltdown? A couple real high level guys at FANNIE and FREDDIE got canned, but they got picked up in the BO campaign. One needs a crisis before one can be sure it doesn't "go to waste". We are set up for a "crisis" a minute now.
The real purpose of this bill is to run up the cost of insurance for everyone as a prelude to government takeover. There isn't a lot left between this level of mendacity and cynicism and the gulag. Merry Christmas, Comrade.
Do you believe it is an accident that suddenly no mammograms are required at less than 50 years of age? Expect many rulings of this sort in the months and years to come, but rest assured that the STATISTICS on health will continue to look better and better. The fox is in charge of the hen house, he has declared the hens are all fine and happy!
So there we have the real essence of this bill. It restricts our choice of which insurance to buy and pushes us into more expensive plans. At the same time, it destroys the economic incentive to purchase insurance in the first place and replaces insurance with a free-floating tax on one's very existence.
Essentially, this bill forces the insurance companies to cover everyone at the same rate without regard to pre-existing conditions, demands that the coverage cover every little thing (thus making sure that health costs go up), and removes any prospects of profit for the insurance industry.
The part I think I "love" the most is the part that Al Franken was bragging about on MPR today -- insurance companies MUST put 90% of premiums paid into payments for medical care. ONLY 10% can be spent on administration, management, advertising, etc. Isn't that sweet? So what incentive do we have here? Let's see, if I have $1,000 premiums today, I can make only $100, but if I get to $10,000 in premiums, I can make $1,000. Do you think the medical community would like to get that extra $9,000, or do you think they would turn it down?
Oh, I know, there will be a "government regulator" -- guess what, there always have been PLENTY of "government regulators" at SEC, HEW, USDA, etc, etc, and billions of dollars are wasted, skimmed or just flat out missing all the time. Did you hear of anyone at SEC losing their job over the Sub-Prime meltdown? A couple real high level guys at FANNIE and FREDDIE got canned, but they got picked up in the BO campaign. One needs a crisis before one can be sure it doesn't "go to waste". We are set up for a "crisis" a minute now.
The real purpose of this bill is to run up the cost of insurance for everyone as a prelude to government takeover. There isn't a lot left between this level of mendacity and cynicism and the gulag. Merry Christmas, Comrade.
