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The Problem with Blaming Insurance Companies
The American Thinker ^ | March 13, 2010 | Brenton Stransky

Posted on 03/13/2010 3:39:41 AM PST by Scanian

Earlier this week, President Obama addressed a crowd of gushing students and selected guests at Arcadia University in a suburb of Philadelphia to promote his final push for healthcare reform. It was a beautiful day for late winter, magnifying the gathered group's existing enthusiasm and after the usual "I/we love you(s)" from the crowd the President wasted little time before turning to his usual tones of demagoguery.

A moment or two into the speech, the President characteristically accused the Insurance Companies of arbitrarily causing the extra inflationary costs of healthcare coverage and for other ills of our healthcare system:

See, these Insurance Companies have made a calculation. Listen to this. The other day, there was a conference call that was organized by Goldman Sachs. You know Goldman Sachs. You've been hearing about them, right? (Laughter.) So they organized a conference call in which an insurance broker was telling Wall Street investors how he expected things to be playing out over the next several years, and this broker said that Insurance Companies know they will lose customers if they keep on raising premiums, but because there's so little competition in the insurance industry, they're okay with people being priced out of the insurance market because, first of all, a lot of folks are going to be stuck, and even if some people drop out, they'll still make more money by raising premiums on customers that they keep.

(Excerpt) Read more at americanthinker.com ...


TOPICS: Business/Economy; Government; Health/Medicine; Politics
KEYWORDS: demagoguery; obama; obamacare; propaganda

1 posted on 03/13/2010 3:39:41 AM PST by Scanian
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To: Scanian

“Healthcare inflation” is at least a three legged stool when it comes to escalating costs, and all three legs bear some of the burden for the problem.

The first leg, Medical welfare, is the actual culprit, which, as the socialists are wont to do, legislate ever expanding eligibility and benefits of “free healthcare”

The second leg, the providers (hospitals, doctors, nursing homes etc) who either get under-compensated compared to their own costs (and to the tune of pennies on the dollar) or not compensated at all...engage in a self preservation tactic known as “cost shifting” where they transfer this bad debt to the insured or cash paying customers.

Cost shifting should be made illegal, AND governments should not be allowed to stiff the providers.

The third leg, the insurance carriers, are guilty of allowing the cost shifting to occur as they know the actual provider costs.

The money they pay out in claims are generally 75 to 85% of the premium which they continually seek to raise.

Government heal thyself...reform overly generous medical welfare, ban cost shifting and allow interstate insurance competition.

Shut up and leave us alone.


2 posted on 03/13/2010 4:56:06 AM PST by ROCKLOBSTER (Deathcare...a solution desperately looking for a problem.)
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To: ROCKLOBSTER; ExTexasRedhead

And we can hope the anger will sweep out the RINOS.

Defeat Obamacare call list: List now contains the new MAYBES culled from FR posts.
PLEASE CALL! DC OFFICE LOCAL OFFICE State District

Code Red” - House Target List on Health Care

The National Republican Congressional Committee has published a target list on health care. In addition to continuing to contact the five Tennessee Democrat Congressmen, you can go http://www.votervoice.net/link/clickthrough/ext/94697.aspx to contact some of these targets. Much of the talk following Obama’s announcement has focused on how to defeat this second bill through reconciliation, but that is misleading because the first step to defeating Obamacare is not by concentrating on defeating the “fixer” bill but by defeating the Senate bill in the House when it goes to the floor for an up-or-down vote on Thursday, March 18th.

Rep. Lincoln Davis 202-225-6831 Columbia office: 931-490-8699
Rep. Jim Cooper 202-225-4311 Nashville office: 615-736-5295
Rep. Bart Gordon 202-225-4231 Murfreesboro office: 615-896-1986
John Tanner (202) 225-4714, Union City, (731) 885-7070, Jackson Phone: (731) 423-4848, Millington (901) 873-5690 TN (MAYBE)
Rep. Steve Cohen 202-225-3265 Memphis office: 901-544-4131
Harry Mitchell (202) 225-2190 (480) 946-2411 AZ 5th District
Gabrielle Giffords (202) 225-2542 (520) 881-3588 AZ 8th District
Ann Kirkpatrick (202) 225-2315 (928) 226-6914 AZ 1st District
Jerry McNerney (202) 225-1947 925-833-0643 CA 11th District
John Salazar 202-225-4761 970-245-7107 CO 3rd District
Jim Himes (202) 225-5541 (866) 453-0028 CT 4th District
Alan Grayson (202) 225-2176 (407) 841-1757 FL 8th District
Bill Foster (202) 225-2976 630-406-1114 IL 14th District
Baron Hill 202 225 5315 812 288 3999 IN 9th District
Mark Schauer (202) 225-6276 (517) 780-9075 MI 7th District
Gary Peters (202) 225-5802 (248) 273-4227 MI 9th District
Dina Titus (202) 225-3252 702-256-DINA (3462) NV 3rd District
Carol Shea-Porter (202) 225-5456 (603) 743-4813 NH 1st District
Tim Bishop (202) 225-3826 (631) 696-6500 NY 1st District
John Hall (202) 225-5441 (845) 225-3641 x49371 NY 19th District
Bill Owens (202) 225-4611 (315) 782-3150 NY 23rd District
James Matheson Toll-Free Number 1 (877) 677-9743 (202) 225-3011Mike Arcuri (202)225-3665 (315)793-8146 NY 24th District
Dan Maffei (202) 225-3701 (315) 423-5657 NY 25th District
Earl Pomeroy (202) 225-2611 (701) 224-0355 ND At-Large District
Steven Driehaus (202) 225-2216 (513) 684-2723 OH 1st District
Mary Jo Kilroy (202) 225-2015 (614) 294-2196 OH 15th District
Zach Space (202) 225-6265 (330) 364-4300 OH 18th District
Kathy Dahlkemper (202) 225-5406 (814) 456-2038 PA 3rd District
Patrick Murphy (202) 225-4276 (215) 826-1963 PA 8th District
Christopher Carney (202) 225-3731 (570) 585-9988 PA 10th District
Paul Kanjorski (202) 225-6511 (570) 825-2200 PA 11th District
John Spratt (202) 225-5501 (803)327-1114 SC 5th District
Tom Perriello (202) 225-4711 (276) 656-2291 VA 5th District
Alan Mollohan (202) 225-4172 (304) 623-4422 WVA 1st District
Nick Rahall (202) 225-3452 (304) 252-5000 WVA 3rd District
Steve Kagen (202) 225-5665 (920) 437-1954 WI 8th District

Bart Stupak (202) 225 4735 MI (MAYBE)
Brian Baird (202) 225-3536, Vancouver, (360) 695-6292. Olympia, (360) 352-9768, (MAYBE)
senator mark begich (202) 224-3004 toll free. (877) 501 - 6275 just became a MAYBE
Jason Altmire 202-225-2565, Aliquippa, 724-378-0928,
Natrona Heights, 724-226-1304 (MAYBE)

On the Bubble (Major developments from the “yes” and “no” columns in the House)
http://www.freerepublic.com/focus/news/2467046/posts


3 posted on 03/13/2010 6:59:00 AM PST by GailA (obamacare paid for by cuts & taxes on most vulnerable Veterans, disabled,seniors & retired Military)
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To: ROCKLOBSTER

And you have to get approval from GOVERNMENT health ins for certain procedures or medicines. They want to pay only for generics, when the generic may NOT be the best drug for your condition. Or have nasty side effects because of the different fillers that the name brand doesn’t. Why prescribe a generic when you have to test 3-4 times a year, when with the name brand you have to test 2 times a year.


4 posted on 03/13/2010 7:02:14 AM PST by GailA (obamacare paid for by cuts & taxes on most vulnerable Veterans, disabled,seniors & retired Military)
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