Medical testing, diagnoses, care and treatment should be separated entirely from the method of payment for those services.
Does your car insurance supervise coding, paint color and reasonable & customary charges for repairs in the event of an accident?
I worked in both the health insurance industry and in several physicians offices.
The number of employees for insurance paperwork in a medical practice has outpaced the number of nurses, lab technicians and physicians.
Medical insurance carriers used sound actuarial figures to determine risk and premiums. The industry was one of utmost trust and integrity. They were State regulated, but not controlled.
Self funded plans were the best innovation for businesses.
This Obamacare is the death knell for insurance companies. Life insurance is next on the socialists’ agenda.
Trump himself should pay for the trip/medical expenses. Embarrass the $hit out of the limeys/socialists. Then establish a GoFundMe campaign that we can all show our compassion.
My dad died 40 years ago but I could use some money now and would like to take out a big life insurance policy on him. Surely the democrats will fix it so that his pre-existing condition won't be held against him.
1. Years of low interest rates have made it harder for insurance companies to build and maintain adequate reserves to keep them ahead of the actuarial tables.
2. Advances in medical care and other factors have made premature deaths less common. Nowadays people tend to be more concerned about outliving their assets than dying suddenly.