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To: libertarianPA
Gov. Schwarzenegger is following a plan that is a hybrid of NJ's 5 state plans laws and Mass.'s 100% insured plan. This was a disaster in NJ, NJ went from over 70 health insurance companies providing coverage to residents down to 9 at one point. 85% is an obvious bargaining position, even the best run companies in the country heed 19 cents on a dollar for administration and compensation costs.

Why doesn't Gov. Schwarzenegger propose that only 15% of the state budget go towards administration and worker compensation? It would save the state considerable amounts of money and break Schwarzenegger's biggest detractors bankrolls.

He has entered a zone that has already been proven to be fatal to the health insurance industry. Expect every insurance company that isn't an ERISA based federal medical benefits provider to flee California post haste.

This plan is so disgusting it's amazing there aren't riots in the capital between chamber of commerce folks and legislators. as businessmen choose to either fight the state or flee their wealth in a desperate attempt to maintain their company's profitability, there will be insane levels of economic disturbance.

On the bright side, the flight will be so rapid that there won't be time for California government to react due to bureaucracy.

Expect highly qualified medical practitioners from California to spread out across the country, improving considerably the level of care in Sun Belt states with growing populations.
67 posted on 01/08/2007 9:16:44 PM PST by JerseyHighlander
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To: JerseyHighlander
Expect highly qualified medical practitioners from California to spread out across the country, improving considerably the level of care in Sun Belt states with growing populations

Hear, hear! - It is happening right here in Florida - with the possible exception of OB/GYN which seems to be an endangered species thanks to the legal profession - every day.

As I pointed out in a prior post, but hey, the facts and realities don't seem to have any place with most of the ivory tower social theorists here.

161 posted on 01/09/2007 5:52:55 AM PST by bill1952 ("All that we do is done with an eye towards something else.")
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