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Originally Posted by tophcfa
Two things. I wasn’t aware that the Covid vaccine has been proven to be neither safe nor effective? By what reputable source? As far as health insurance premiums, our annual renewal premium is up 7%. Well above reported inflation and certainly too high to justify cutting the Fed Funds rate.
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The Covid vax has not been proven to be unsafe or ineffective, but it has neither been proven to be safe (there hasn't been enough testing and adverse effects are being suppressed), and it sure as heck doesn't prevent you from getting or transmitting the virus so in my opinion it is not effective.
Regardless, medical insurance premiums are not tied to "inflation". Medical inflation has been way higher than the CPI for years and the premiums have to rise accordingly so the insurers can still remain profitable. Part of this is too much regulation from the Feds. Part of it is the effect the ACA (aka Obamacare) on the health industry and the health insurance industry. Part of this is administrative bloat in corporate insurance. Part of this is tort (if you think this is bad now, wait until the underqualified doctors licensed under the guise of DEI start practicing en masse).
If you're on Medicare, this affects you much less than someone trying to purchase a policy on the exchange or someone getting employer group coverage that they have to pay for out of pocket.