General Discussion

pecosbob

(8,401 posts)

71. Simply allow them to continue selling their health 'insurance' (I call it extortion)

Reply to DemocratSinceBirth (Original post)

Sat Feb 23, 2019, 07:32 PM

Feb 2019

there is no need to 'outlaw' it. Currently, health insurance is the only way most can afford health care...leave health insurance for the one percent. If average people don't see it as having value, it will wither and die without customers willing to pay for it. Medicaire for all would be no different in theory than a Public Option...it would simply provide a low cost alternative to what is now a monopoly.

As for the shareholders, given that half the country is talking about the industry going the way of buggy whip manufacturers and their shares possibly becoming worthless, I might suggest DIVESTING!

Cannot edit, recommend, or reply in locked discussions

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

78 replies

= new reply since forum marked as read

Highlight:

This message was self-deleted by its author [View all] DemocratSinceBirth Feb 2019 OP

There is a little bit of info area51 Feb 2019 #1

It doesn't say anything about share holders. DemocratSinceBirth Feb 2019 #5

Smart investors will safeinOhio Feb 2019 #9

Change happens, elleng Feb 2019 #2

maybe they could learn to code? rampartc Feb 2019 #2

. . . googling to figure out what MFA stands for n/t Ms. Toad Feb 2019 #4

Any luck? I find multi-factor authentication and the Museum of Fine Arts. nt LAS14 Feb 2019 #10

I got master of fine arts and Missouri Farmers Association Ms. Toad Feb 2019 #28

Ah. Yes, Medicare For All. Thanks! nt LAS14 Feb 2019 #74

Assuming Medicare for all... Luciferous Feb 2019 #35

Like FedEx and UPS we have nothing to worry about uponit7771 Feb 2019 #6

Private insurance can still exist. Mr.Bill Feb 2019 #7

I'm hoping a MFA plan will be better than what Medicare dflprincess Feb 2019 #64

Both the senate and house versions over Voltaire2 Feb 2019 #68

Love it dflprincess Feb 2019 #72

They'll have to find new jobs, Triloon Feb 2019 #8

It doesn't happen to a whole industry in one swell foop. LAS14 Feb 2019 #11

People who hold those shares and whose shares are held in their pensions are real people. DemocratSinceBirth Feb 2019 #12

no they won't. Voltaire2 Feb 2019 #13

How are shareholders different from holders of private property? DemocratSinceBirth Feb 2019 #16

Their property is not be taken. Voltaire2 Feb 2019 #18

They will be forbidden to sell health insurance policies. DemocratSinceBirth Feb 2019 #19

Not true, but even if it were, that is not 'property being taken'. Voltaire2 Feb 2019 #21

It would be no different than telling insurers they can't sell other types of insurance. DemocratSinceBirth Feb 2019 #22

so for example the assault weapons ban in the 90s Voltaire2 Feb 2019 #24

No. But banning all guns clearly would be a violation of the 2nd Amendment. DemocratSinceBirth Feb 2019 #26

MFA would ban certain types of insurance Voltaire2 Feb 2019 #30

Do some companies only provide health insurance? DemocratSinceBirth Feb 2019 #31

I guess they should have diversified. Voltaire2 Feb 2019 #32

What other property can the government take for not being sufficiently diversified? DemocratSinceBirth Feb 2019 #33

Alcohol. Voltaire2 Feb 2019 #34

Prohibition was repealed. DemocratSinceBirth Feb 2019 #38

So what? There was no compensation. Voltaire2 Feb 2019 #41

So your examples are a law that was repealed 86 years and a ban on DemocratSinceBirth Feb 2019 #44

1971 amphetamines moved to class II. Voltaire2 Feb 2019 #51

I said I would be willing to pay the shareholders in the transition. DemocratSinceBirth Feb 2019 #53

The insurance industry will be fine. Voltaire2 Feb 2019 #55

How will they survive if you appropriated their main product without compensating them? DemocratSinceBirth Feb 2019 #57

1978 CFC ban. Voltaire2 Feb 2019 #58

It was replaced by other compounds. DemocratSinceBirth Feb 2019 #59

It eliminated the entire CFC industry. Voltaire2 Feb 2019 #60

Scale. DemocratSinceBirth Feb 2019 #61

Oh so now compensation for taking property Voltaire2 Feb 2019 #66

Of course scale is important. One trillion dollars of property is substantial. DemocratSinceBirth Feb 2019 #67

Legally it is irrelevant. Voltaire2 Feb 2019 #70

No they don't. Cold War Spook Feb 2019 #63

The government closed coal mines and banned buggy whips? DemocratSinceBirth Feb 2019 #65

I doubt the government would ban private health insurance. Cold War Spook Feb 2019 #73

it is not a whole industry. It is a segment of the insurance industry. Voltaire2 Feb 2019 #14

OK, but I bet "health insurance" is big enough to count as an industry on its own. LAS14 Feb 2019 #15

I'll bet making exaggerated claims is one way to throw up bogus roadblocks. Voltaire2 Feb 2019 #20

I am not against single payer. I am against taking away people's property without compensation. DemocratSinceBirth Feb 2019 #23

lulzd Voltaire2 Feb 2019 #25

Are stocks not property? DemocratSinceBirth Feb 2019 #27

It isn't any different than any other company going out of business. Luciferous Feb 2019 #37

It's different because the government is telling you that you can't do business anymore. DemocratSinceBirth Feb 2019 #39

MFA would prohibit a specific type of Voltaire2 Feb 2019 #42

They just can's sell health insurance which is what they were chartered to do. DemocratSinceBirth Feb 2019 #46

Sure they can. Voltaire2 Feb 2019 #56

Are you joking? jberryhill Feb 2019 #77

Why? There'll still be insurance. brooklynite Feb 2019 #49

ask the coal miners how they coped onethatcares Feb 2019 #17

It amazes me when people defend our corrupt and heartless healthcare system. walkingman Feb 2019 #29

Ask Buggywhip manufacturers. gibraltar72 Feb 2019 #36

I don't recall hearing about the government outlawing the use of horses MichMan Feb 2019 #40

Wasn't this the argument against ending the coal industry? MrsCoffee Feb 2019 #43

As long as the coal miners are found new work and the owners and shareholders compensated DemocratSinceBirth Feb 2019 #48

Thanks. MrsCoffee Feb 2019 #50

I feel sorry for anyone who... tonedevil Feb 2019 #69

It would most likely need to be phased in. Turbineguy Feb 2019 #45

You mean like unemployment compensation? Midnightwalk Feb 2019 #47

I don't know. They will have good healthcare though. n't theophilus Feb 2019 #52

There will still be a need for private insurance with MFA, they wont all go away. nt Autumn Feb 2019 #54

Suppose they'll do what employees and shareholders of telegraph companies Jake Stern Feb 2019 #62

Simply allow them to continue selling their health 'insurance' (I call it extortion) pecosbob Feb 2019 #71

Why would it not create more jobs in the industry. WeekiWater Feb 2019 #75

thanks for clarifing mfa . was about to ask you that . AllaN01Bear Feb 2019 #76

Insurance companies wouldn't have to go out of business. They could sell super, duper, premium Vinca Feb 2019 #78