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Originally Posted by Guest
Yes, the insurance companies have done a tremendous job lining their pockects. Letting people die because they can not pay and when they do refusing medical procedures that would have saved them. People with pre-existing conditions, no coverage for you, go die and when you get sick, your cancelled. I hope you have the chance to, in some way, experiance this.
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Dear Poster
You are letting your emotions control your judgment. You are allowing political rhetoric to stand in the way of clarity.
Insurance companies are one of the most government regulated in the nation. government regulators place limits on each premium dollar
( ie how much to pay claims vis a vis expenses. It is a fallacy to say a person dies because of an insurance company. if you desire to further discuss this aspect we can on another thread because it can get complicated
The repeal of ACA should be done in increments. GOP is off to a good start because they are balancing the needs of insured, insured and the medical community.
the issue of a pre-exisitng condition is indeed tricky and one in which care needs to be taken in its planning because it is a pivotal issue.
if you ran an insurance company would you want to insure someone who had a serious illness and at the premium government regulators set? Of course not you would go broke...and many insurance companies did.
So some balancing mechanism has to be in place to compensate because an insurance company reserves are based on premium income. So if a company has too many insureds with pre-existing condition they will pay out much more than they are taking in and the company will cave leaving many people without insurance.
Now let's discuss the people who didn't buy insurance until they got sick. Name another type business that would allow a loss to occur before they accepted the liability?
The removal and replace of ACA is not complicated but the politics are and that is what is going on now.
Personal Best Regards: