Quote:
Originally Posted by billethkid
Insurers make out by having a mix of clients that vary from those who will never need it to those who do. And as long as those who don't need to claim outnumbers those who do, they can stay in business or raise prices to stay even.
If they would have all clients who need to make a claim they will go out of business......hence the screening to not insure new clients that are 100% certain to be a benefit payout client up front.
We all need to get used to it as there will be more and more of this type screening of health care availability as Obamacare gets implemented and costs continue to soar.
btk
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I think you missed my point here about LTC insurers. You would think they would be attracted to clients who are likely to die sooner rather than later. Many of those folks never live long enough to file claims, or, if they do, only receive benefits for very short periods.
I disagree with your last sentence. As is the case with standard health insurance under the Affordable Care Act, fewer people with pre conditions will be discriminated against when applying for LTC as the Act plays out. I also think it is an unsupportable conclusion that health care costs will continue to soar. Since it is now law, I intend to give it a chance. Already I have reaped great benefits from it and millions of others are, and will continue to, as well.