Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Maybe it's time to pull the plug on health insurance
CNBC ^ | August 4, 2017 | Jake Novak

Posted on 08/04/2017 11:41:01 PM PDT by 2ndDivisionVet

There's nothing like the sight of Republicans and Democrats working together and scrambling to save big time government aid to super-rich corporations. Whether it's a bailout for major banks, tax credits for Big Oil, or big subsidies for large agriculture businesses, this kind of crony capitalism seems to anger almost everyone but nobody really does anything about it.

Now, we're about to witness another scramble to provide our hard-earned taxpayer money into the pockets of an industry that's already raking in the big bucks. The Senate Health Committee is going to hold hearings in September to find ways to keep the Obamacare subsidies sent to health insurance companies alive so the insurance exchanges don't implode as so many people are predicting.

And the preservation of those payouts to the super-profitable insurers is a pretty good bet considering even the Republicans couldn't round up 50 votes to repeal Obamacare and do what they had promised for seven years running. It's also a good bet because the pressure is rising to save Obamacare from all sides. There's even a warning from some liberal advocates not to dare call the insurance subsidy preservation effort a "bailout" because it's such a loaded term and it's the people we'll be bailing out and not some rich CEOs after all, right?

Whatever happened to those familiar Democratic Party mantras of "paying their fair share" and "those millionaires and billionaires don't need our money!" Whatever happened to familiar quasi-socialist/left wing calls for price controls? We certainly hear all of the above when it comes to Big Pharma for one thing. And why is the insurance industry getting not just a pass, but an enthusiastic, code red style, protection? In other words, the government has provided the big insurance companies with a policy that's led to massive profits.....

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


TOPICS: Business/Economy; Culture/Society; Government; Politics/Elections
KEYWORDS: 115th; ahca; congress; healthinsurance; insurance; obamacare; repealandreplace; trump
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-67 next last
To: BBB333

Yet for $165 per month you can get health coverage through a Christian provider with a $500 deductible...

...

I have yet to see a review by someone who’s had an expensive health problem say how that works.


41 posted on 08/05/2017 6:23:23 AM PDT by Moonman62 (Make America Great Again!)
[ Post Reply | Private Reply | To 19 | View Replies]

To: Moonman62

It works.


42 posted on 08/05/2017 6:26:22 AM PDT by BBB333 (The Power Of Trump Compels You!)
[ Post Reply | Private Reply | To 41 | View Replies]

To: 2ndDivisionVet
That's my idea:

1) Make providing health insurance to US citizens a crime punishable by time in prison
2) Make purchasing health insurance by US citizens a crime punishable by time in prison
3) Everyone has to pay for all medical expenses in cash
4) If a person doesn't have the money now he can use a credit card, take out a loan, etc.
5) If all that fails then the US government must act as the loaner of last resort
6) The US government charges a reasonable amount of interest which the patient is expected to pay, but limited to some percentage of his income such as 10%

Everyone gets access to medical care. Prices are kept down through cost competition. No one goes broke or bankrupt because there is a limit to how much they have to pay.

The only way the government loses money is if the person dies before paying off the loan. But I'm sure that loss will be far less than all the money going down the rathole of insurance payments, inflated medical expenses, government bureaucracy, waste/fraud/abuse, etc.

43 posted on 08/05/2017 6:40:43 AM PDT by who_would_fardels_bear
[ Post Reply | Private Reply | To 1 | View Replies]

To: Wuli

See my comment #43


44 posted on 08/05/2017 6:41:39 AM PDT by who_would_fardels_bear
[ Post Reply | Private Reply | To 32 | View Replies]

To: 2ndDivisionVet

If you have capitalism instead of socialism you can get a MRI/CAT scan for $350 instead of $2,000 at a hospital.


45 posted on 08/05/2017 6:43:54 AM PDT by minnesota_bound
[ Post Reply | Private Reply | To 1 | View Replies]

To: who_would_fardels_bear

It’s an interesting idea that provokes an interesting question: would the cost of payments for a loan for a major operation be less, in the end, than the current insurance premiums meant to pay for such things. If so, everyone paying for insurance now as a remedy: put into savings what you can now afford to pay for health insurance, and keep it in savings until some health issue arises. In the end it will still come in handy as you age and your health fails for natural reasons.


46 posted on 08/05/2017 7:03:25 AM PDT by Wuli
[ Post Reply | Private Reply | To 43 | View Replies]

To: who_would_fardels_bear

BRILLIANT!


47 posted on 08/05/2017 7:13:14 AM PDT by infool7 (The ugly Truth is just a big lie.)
[ Post Reply | Private Reply | To 43 | View Replies]

To: BBB333

That’s not convincing in the least.


48 posted on 08/05/2017 7:33:55 AM PDT by Moonman62 (Make America Great Again!)
[ Post Reply | Private Reply | To 42 | View Replies]

To: BBB333

Awesome, thank you 3B3’s. I’ll check these out and certainly refer you if we go with CHM. Have a blessed day.


49 posted on 08/05/2017 7:37:35 AM PDT by In God I trust
[ Post Reply | Private Reply | To 31 | View Replies]

To: 2ndDivisionVet

The only health insurance there should be is for catastrophic illnesses that would literally bankrupt the normal person. Break a leg? Pay for it yourself. Need glasses? Pay for them yourself. Appendicitis? Pay for it yourself. Cancer or hip replacement? Catastrophic, insurance pays.


50 posted on 08/05/2017 7:41:17 AM PDT by DennisR (Look around - God gives countless, indisputable clues that He does, indeed, exist.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Moonman62

Anecdotal, but I heard a couple on the radio who said they (or one of their kids?) had an expensive health issue. This type of insurance paid for all of it.

I posit that those who are attempting to live a Christian life tend to be healthier due to lifestyle choices, so maybe the frequency of expensive treatments is not as high as the general population???


51 posted on 08/05/2017 7:45:36 AM PDT by DennisR (Look around - God gives countless, indisputable clues that He does, indeed, exist.)
[ Post Reply | Private Reply | To 41 | View Replies]

To: vette6387

Thank you.
Well said.
Every word.


52 posted on 08/05/2017 7:54:20 AM PDT by Lorianne
[ Post Reply | Private Reply | To 3 | View Replies]

To: Moonman62; BBB333

I’ve just started to look into Medicare + insurance.

I have no experience in how or if they pay claims, but here’s a disclaimer in the Liberty HealthShare documentation that I find a tad spooky:

“ATTENTION: This program is not an insurance company nor is it offered through an insurance company. This program does not guarantee or promise that your medical bills will be paid or assigned to others for payment. Whether anyone chooses to pay your medical bills will be totally voluntary. As such, this program should never be considered as a substitute for an insurance policy. Whether you receive any payments for medical expenses and whether or not this program continues to operate, you are always liable for any unpaid bills.”

https://www.libertyhealthshare.org/content/Sharing-Guidelines.pdf


53 posted on 08/05/2017 8:20:41 AM PDT by MV=PY (The Magic Question: Who's paying for it?)
[ Post Reply | Private Reply | To 41 | View Replies]

To: DennisR

I posit that those who are attempting to live a Christian life tend to be healthier due to lifestyle choices, so maybe the frequency of expensive treatments is not as high as the general population???

...

I agree with that, but look at the disclaimer in #53.

“ATTENTION: This program is not an insurance company nor is it offered through an insurance company. This program does not guarantee or promise that your medical bills will be paid or assigned to others for payment. Whether anyone chooses to pay your medical bills will be totally voluntary. As such, this program should never be considered as a substitute for an insurance policy. Whether you receive any payments for medical expenses and whether or not this program continues to operate, you are always liable for any unpaid bills.”


54 posted on 08/05/2017 8:28:06 AM PDT by Moonman62 (Make America Great Again!)
[ Post Reply | Private Reply | To 51 | View Replies]

To: 2ndDivisionVet

I think the best thing to do would be to create a federal “opt out” law, maybe to eventually be supplanted by an “opt out” constitutional amendment.

Basically put, when the federal government has created or creates a new law, statute, regulation, or other interaction *not expressly authorized* in the constitution, citizens can “opt out” of either receiving any imagined benefit from it, nor paying any tax or providing other contributions (including data) in support of it.

As examples:

The constitution requires an “actual enumeration” in the census. But no other personal data. Just a headcount.

The constitution permits no form of government retirement, health care or welfare, in fact no other direct payments of money, except to its current and former employees and contractors.

In fact, the only direct intercourse between the federal government and the people are, and should be, the US Post Office, and federal law enforcement officers investigating federal offenses. Other than that, if the federal government thinks it is important, they should go through the individual states.


55 posted on 08/05/2017 9:12:16 AM PDT by yefragetuwrabrumuy (HitlerÂ’s Mein Kampf, translated into Arabic, is "My Jihad")
[ Post Reply | Private Reply | To 1 | View Replies]

To: grania
Modern medicine is inherently unaffordable. Besides that, with the Obamacare system there's no incentive to discover or promote innovative, inexpensive solutions.

I have heard about a therapy for correcting arterial blockage called chelation. It claims to dissolve arterial plaque so it is excreted. When I asked my cardiologist about it, he said it was unproven, not having been studied. Why would the drug companies who get to sell you statins for the rest of your life bother to study a therapy that might make their product unnecessary?

56 posted on 08/05/2017 9:49:08 AM PDT by JimRed ( TERM LIMITS, NOW!“At 9 a.m. this morning a shipbo Building the Wall! TRUTH is the new HATE SPEECH)
[ Post Reply | Private Reply | To 11 | View Replies]

To: DennisR

You mean like up until sometime in the 70s?


57 posted on 08/05/2017 9:58:50 AM PDT by Sequoyah101 (It feels like we have exchanged our dreams for survival. We just have a few days that don't suck.)
[ Post Reply | Private Reply | To 50 | View Replies]

To: MV=PY; BBB333

I have read the same thing and it puts me off as well. Contracts mean what they say.


58 posted on 08/05/2017 10:01:42 AM PDT by Sequoyah101 (It feels like we have exchanged our dreams for survival. We just have a few days that don't suck.)
[ Post Reply | Private Reply | To 53 | View Replies]

To: 2ndDivisionVet

It works both ways.

The insurance companies should not be getting government bailouts or subsidies.

At the same time, the government should not be crippling the insurance companies with draconian regulations.

If you want a free market, and I do, then lets have one without the government picking winners or making losers. It is not enough for the government to stop funding insurance companies. They need to stop burdening them with laws and regulations as well.

Fair is fair.


59 posted on 08/05/2017 10:01:56 AM PDT by Freedom_Is_Not_Free (Trump: What to do now I can't repeal Obamacare? I know, lets start a war with Russia!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: JimRed

chelation......It is used to reduce lead in ghetto kids blood, painters and other people who never used PPR. It is also used to reduce toxic levels of beryllium from workers who DO use PPR but still catch trace amounts from clothes, outside air and using the toilet. Plaque? Never heard it used in that context.


60 posted on 08/05/2017 10:03:30 AM PDT by Safetgiver (Islam makes barbarism look genteel.)
[ Post Reply | Private Reply | To 56 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-67 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson