ARP event, he said, "So, the idea behind reform is, No. 1, we reform the insurance industries so they can’t take advantage of you."
At Children’s Hospital he said, "Health care professionals are doing heroic work every day. … But they’re being forced to fight through a system that works better for the drug companies and insurance companies than for the American people."
He also said, "Even as America’s families have been battered by spiraling health care costs, health insurance companies and their executives have reaped windfall profits from a broken system."
And, he added, "Those opposed to reform are doing nothing but working for insurance companies and insurance executives."
He told the American Medical Association in June, "We need to end the practice of denying coverage on the basis of pre-existing conditions. The days of cherry-picking who to cover and who to deny, those days are over.
"I know you see it in your practices, and how incredibly painful and frustrating it is – you want to give somebody care and you find out that the insurance companies are wiggling out of paying."
Insurance company lover?
Actually, he may be. Why did the Senate health care bill require that we purchase insurance? Why did insurance companies hold fundraisers for Coakley in Massachusetts?
I work for a national insurance company. Do you have an idea of what insurance companies actually cover? EVERYTHING. Yes they do. They insure…………..
Homes, cars, pets, pools, govt buildings, books, art, antiques, patents, inventions, life, health, boobs, body parts, computers, phones, pencils, pens, paper, even the toilet paper you use. Yes, everything is covered by insurance companies. What does and insurance company bring home daily as a gross income, you may ask? 1.2 million a day or more. Who allows certain insurance companies to charge certain rates in each state? Your State Insurance Commission. What are the rates based on? Incidents, accidents, weather, and area. They use the Law of Averages to determine the rates for each county by zip code. For example, you live in a large city and there are 4 different zip codes. In the northern zip code the average yrly accidents plus the amount of damage paid in that area is higher, than say, the southern zip code. Your friend owns a 2004 Buick and so do you. He lives in the northern zip and you live in the southern zip. Your monthly pymt for the exact coverage is $80 his is $125 and neither of you have had an accident or ticket. Why is his higher? He has a greater chance of risk.
The same with health insurance. It is based on age, exposures, genetics, ancestry and life expectancy. In some places it is based on the average age in an area as well.
Insurance companies (Underwriters – are insurance companies and you can see this below on contracts and even labels) run this country.
Now, going on the health care debate, a doctor needs malpractice insurance, business insurance, liability insurance, and security insurance. Malpractice insurance for a general practitioner can be anywhere from $16,000 a yr to over $50,000 a yr in premium pymts for over 5 million in coverage. Even some states require nurses and anesteticians to carry insurance and their cost is near $10,000 in premium paymts a year.
Do you know what companies did not show a loss during this recession or had the least amount of layoffs? That’s right, Insurance companies. So why do you think that many politicians don’t want us to have a "universal" plan but agree that everyone should have to carry some form of healthcare insurance? Because they have financial interests in these companies. They don’t care if we have to pay or not. When they retire from office or leave office after their term, like the President, their healthcare insurance is paid by us for the rest of their lives. They will still continue to get paid afterwards, by us, and all their "diplomatic" expenses are compted by us, the taxpayer.
Now, to off set ANY loss in an area, the rates will increase or decrease depending on that Law of Averages.
Sucks to find out that it is actually state specific rather than federal mandated, doesn’t it? Yes, all insurance in your states are state specific. Some states will allow maybe 3 or 4 different companies to sell auto and home insurance, 1 to 8 different home only insurance carriers, 1 to 8 auto only insurers, and may 1 to 3 health insurance carriers. Why? So they can manipulate rates, higher or lower, so that the state can benefit from the prices. Yes, the insurance carriers even have to pay the state a percentage of profit in that state to that state.
So, before everyone gets their knickers in a twist about what "Obama" or any other person is fighting for, think about what I’ve said.
Do not live the fear that your senators, governors, and other representatives are telling you. It is a money racket and they know it. The ones that actually are fighting for you when it comes to health coverage rates and equal care coverage are the ones that have more providers in their state than the other states, and so, will not lose any money from reduced rates or premiums paid.
Edit: Think of it this way. You buy a home and finance it for 30yrs. Your premium to cover a 150,000 home is $1500 a yr. You never need to make a claim and you continue to pay that amout for 6 yrs. The state had a bad storm that damaged and destroyed homes in the amount of 2 million dollars. You never saw or experienced the storm nor did 3/4ths of the state. The next year your premium is now $1800. BUT the kicker is that your company only insured 2% of those homes. So they had no substantial loss. The state decides, to make it fair, that because your state has storms like this yearly and reaches this type of loss that they would spread out the costs to all participating companies rather than the bulk of loss to just the companies that recieved the bulk of the loss. Is that fair? No. But that is how it works. Now, you never have a loss or claim but your home insurance increase by an average of $200 every 6 yrs. After the home is paid off you continue to keep insurance, just in case, and by year 45, you have paid them $90000. Now times that by 100,000 insurers with your average premium – ;per yr they have made $20 million and times that by average 30 yrs, that is $600,000,000 million. You’ve lost $90 thousand in your lifetime just in homeowners, add your paymts for auto, life, health, and even miscellaneous insurance for any loans, phones, or business you use or do. It is a growing business and has steadily increase by a billion a yr since 1970’s when states decided to make it mandatory to carry auto or home insurance and getting businesses to offer health coverage as a benefit.