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reACTIONary

(7,169 posts)

98. You may pronounce what judgement you will, Sir, but...

Sun Oct 6, 2013, 08:30 PM

Oct 2013

... you would be more convincing if you were to do more than simply assert it. What you have described is simply the mechanism that underlies all forms of insurance, be it what it may: home owner's insurance, car insurance, life insurance, and, of course, health insurance. You have not spoken to the value that those who buy these services seek out and obtain from them, which is the same in all of these case - to wit: the socialization of a risk, so that what may be a heavy individual burden born suddenly and all at once, becomes a much smaller burden shared by many and distributed over time.

Of course, those who provide such a service do deserve some recompense for their efforts... whether they be civil servants or no.

Does fire insurance provide no value? Does car insurance provide no value? Does insurance in general provide no value? If that is your contention, I must heartily disagree and have found no reason from you to suffer a change of mind.

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Beginning of the End for Major Health Insurers [View all] Jackpine Radical Oct 2013 OP

Please, please, please let this be true. Scuba Oct 2013 #1

I agree, I think insurers are worried about people leaving their plans in droves for better deals notadmblnd Oct 2013 #2

They still get paid. Puzzledtraveller Oct 2013 #112

I Certainly Hope So, Sir The Magistrate Oct 2013 #3

I will add that they cost the healthcare system even more than is apparent Jackpine Radical Oct 2013 #9

This is true - but ACA only reinforced this rather than changing it Yo_Mama Oct 2013 #11

Current Masturbatory Practices Of Financial Analysts Do Not Impress Me, Sir The Magistrate Oct 2013 #15

If "the Current Masturbatory Practices Of Financial Analysts Do Not Impress" you, bvar22 Oct 2013 #32

The entire stock market is up sharply for that period.. sendero Oct 2013 #89

The "claim" was that dotymed Oct 2013 #50

I like your thinking..........nt Enthusiast Oct 2013 #93

I have to disagree... reACTIONary Oct 2013 #40

You May Disagree, Sir, But You Are Wrong The Magistrate Oct 2013 #75

I agree 100%. Enthusiast Oct 2013 #95

You are free (in most cases) to take your chances... reACTIONary Oct 2013 #99

I was speaking of health insurance. Enthusiast Oct 2013 #102

Because there is a better alternative... reACTIONary Oct 2013 #116

You may pronounce what judgement you will, Sir, but... reACTIONary Oct 2013 #98

There may be more "value" overall DireStrike Oct 2013 #83

I think this is backwards Yo_Mama Oct 2013 #4

+1 leftstreet Oct 2013 #6

Believe me, they haven't Yo_Mama Oct 2013 #12

Wendell Potter SalviaBlue Oct 2013 #30

I don't disagree with what Potter is saying now, but he apparently did OK screwing people Hoyt Oct 2013 #36

Deleted. Stupidly replied to myself. Hoyt Oct 2013 #46

I think he's still working for them! Yo_Mama Oct 2013 #91

Methinks DryHump Oct 2013 #84

Yes, I'm not sure how this removes them from the equation BrotherIvan Oct 2013 #17

That's why I was for single-payer, but I realize the votes were not there Yo_Mama Oct 2013 #18

It is the only solution BrotherIvan Oct 2013 #19

State by State. Ron Green Oct 2013 #27

Yes, I am hoping my state will go for it BrotherIvan Oct 2013 #52

Yes, the votes were not there. Enthusiast Oct 2013 #103

The article indicates that is not so..... Fla Dem Oct 2013 #42

Because nothing will ever change. jeff47 Oct 2013 #56

Agreed. Now single payer or a Medicare buy-in might have GreenPartyVoter Oct 2013 #58

The insurers were given the biggest windfall in history Doctor_J Oct 2013 #81

Indeed, it firmly entrenches private firms into our healthcare. Puzzledtraveller Oct 2013 #113

It needs to happen, and hopefully is becoming inevitable. nt Mnemosyne Oct 2013 #5

I think they will end up morphing into Federally regulated servicers for single payer. tridim Oct 2013 #7

That's the situation in Medicaid; has been for many years. Jackpine Radical Oct 2013 #10

I think you'll be proven right. ffr Oct 2013 #33

Again, health insurance is not health care burnsei sensei Oct 2013 #8

Well said. nm rhett o rick Oct 2013 #13

It's as if they never knew anything about how insurance companies work. Egalitarian Thug Oct 2013 #24

Excellent points. I would add that Litigation and Trial lawyers would take a serious hit in income adirondacker Oct 2013 #68

H.R. 676! Roland99 Oct 2013 #14

Health "insurance" has become, in effect, a highly regulated public utility. Nye Bevan Oct 2013 #16

Good example of a Slippery Slope...with the ACA their profits are capped at 20%...down from 40% libdem4life Oct 2013 #23

Putting the insurance companies out of business in one fell swoop would have been impossible, Nye Bevan Oct 2013 #25

Oh yes, and keep the articles coming about single payer...keep tipping the Slope libdem4life Oct 2013 #29

"their profits are capped at 20%" bvar22 Oct 2013 #35

Thanks for the info. At least it's a start. I still think there are a lot more surpises along the libdem4life Oct 2013 #38

Their profits are not capped at 20% fitman Oct 2013 #47

Ah, but being an optimist I hope that we will be more aware?? or militant?? but most of all educated libdem4life Oct 2013 #55

A privately owned, enlightenment Oct 2013 #72

From your keyboard to God's ears Recursion Oct 2013 #20

Can't come soon enough! B Calm Oct 2013 #21

I'll be happy to shit on their graves! L0oniX Oct 2013 #22

I am a health insurance broker fitman Oct 2013 #26

That was the price Obama paid to keep Harry & Louise off his case. Jackpine Radical Oct 2013 #28

When a cancer patient has medical bills of tens of thousands of dollars per month, Nye Bevan Oct 2013 #31

in exchange for a premium of $200 or $300 per month... bvar22 Oct 2013 #37

yep, most of the 50 million ininsured are healthy, young people fitman Oct 2013 #44

So why are Cigna and Aetna not even participating in the CT health exchange? Nye Bevan Oct 2013 #69

Because they are going to be selling on the private exchange fitman Oct 2013 #71

Yeah, stock price is an excellent measure of company success jeff47 Oct 2013 #59

Insurance co's are already paying for the uninsured fitman Oct 2013 #43

You have never heard about medical bankruptcy? Nye Bevan Oct 2013 #53

And bankruptcy means they don't pay. jeff47 Oct 2013 #62

This nation is awash in misinformation. Enthusiast Oct 2013 #96

Our customer service rep at regence blue cross said that none of them would be without a job because DeschutesRiver Oct 2013 #34

And when they are toast, my vendetta will be finished. Zorra Oct 2013 #39

Workmen's comp Phil1934 Oct 2013 #41

Excellent point. Jackpine Radical Oct 2013 #45

Well, maybe only in states that accept ACA expanded Medicaid. Zorra Oct 2013 #57

Do you think the trial lawyer lobby will allow for it? I have my doubts. nt adirondacker Oct 2013 #70

Work Comp pays even to those who have personal health insurance - lynne Oct 2013 #108

paging dfk.............. CatWoman Oct 2013 #48

Interesting Points of view back and forth on this thread...worth the read.. KoKo Oct 2013 #49

My personal view is simply that, on balance, it is better than what went before. Jackpine Radical Oct 2013 #61

At best insurers will morph into just administrators like they've been for Medicare since inception. Hoyt Oct 2013 #51

totally aggee! nt Cryptoad Oct 2013 #54

Corporate shills Enoki33 Oct 2013 #60

What does Mr. Potter consider an enlightenment Oct 2013 #63

I don't know Potter's answer, but for me, Jackpine Radical Oct 2013 #66

I agree. The lowest priced Bronze plan enlightenment Oct 2013 #73

Where did the money go? ca3799 Oct 2013 #64

More likely, health insurance companies will merge until there are only a few left in each state. FarCenter Oct 2013 #65

That decribes Kaiser Permanente in Northern California. Affordable, mostly good service, libdem4life Oct 2013 #87

Yes, I'd expect 3 Kaiser Permanente-like medical businesses in each state FarCenter Oct 2013 #88

OMG I hope so... gopiscrap Oct 2013 #67

you are living in a dream, but enjoy. Insurance companies got to help write ACA. liberal_at_heart Oct 2013 #74

The big insurers will become outfits that administer single payer Warpy Oct 2013 #76

Failure of the infinite growth model of Capitalism. DirkGently Oct 2013 #77

And dare I say, not by accident? BluegrassStateBlues Oct 2013 #78

If wishes were fishes then we'd all cast our nets, Mr. Potter. TheKentuckian Oct 2013 #79

K&R oxymoron Oct 2013 #80

They are far worse than "unwanted middlemen", lol. kestrel91316 Oct 2013 #82

You say truth. Enthusiast Oct 2013 #97

... SammyWinstonJack Oct 2013 #85

Yeah, they are trembling all the way to the bank... Demo_Chris Oct 2013 #86

This is ProSense Oct 2013 #90

Sorry for double posting--didn't see this n/t eridani Oct 2013 #92

Highly recommend, and the beginning of the unncessary middlemen aka thugs begins. Jefferson23 Oct 2013 #94

I was one of the people furious with this compromise, and yet, with time and tavalon Oct 2013 #100

Good read! pacalo Oct 2013 #101

"four of the biggest for-profits, are not planning to participate in many of the marketplaces" IronLionZion Oct 2013 #104

Don't confuse change with progress zipplewrath Oct 2013 #105

The biggest impact is yet to come leftstreet Oct 2013 #107

Restructuring zipplewrath Oct 2013 #110

Too big to fail !!1111 leftstreet Oct 2013 #111

Worse zipplewrath Oct 2013 #114

Too early to tell, IMO. Health Ins. companies could actually benefit - lynne Oct 2013 #106

The major insurers will just become overpaid contractors for the govt.... cbdo2007 Oct 2013 #109

One can hope this is the ultimate outcome.. 2banon Oct 2013 #115