Quote:
Originally Posted by arabella22
I was having a little bout of insomnia last night and flipping through channels I settled on one of the C-Span ones and after seeing what I saw I have to say I was having even more trouble sleeping...
Has anyone heard of this happenning?
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Happens all the time but you don't notice it until it happens to you or someone you love.
To put it in perspective with automobile insurance.
You must have auto insurance to drive.
Never having had a speeding ticket or accident your auto insurance is relatively cheap running $400 per month.
But one day you are caught traveling 72 mph down the interstate where it is marked 65 mph.
You are obviously a poor driver and risk. The next month you receive notice your auto insurance is going to be put into a pool of equal risk drivers and your new premium rate will be $750 per month.
You go to other insurance companies and they quote rates equally high, as if they fixed prices which you know they wouldn't do because that would be illegal, or they decline to insure you for any price.
But bad luck is at your door. Dodging to miss a stray dog in the road you sideswipe a car causing $5,000 in damage. Your insurance company pays the claim but the next month you are notified you're in the super duper club and your insurance rates are now set at $1,250 a month. You also know, through the experience of others, this rate will never go down regardless of how good a driver you become or your future ticket history. $1,250 a month for the rest of your life.
Or so you thought.
The next year you are notified the premium will be $1,725 per month. You shop only to find everyone declines to offer your a policy at any price. You can not purchase any other policy.
Another year goes by and your policy premium is bumped again to $2.660 per month. You have difficulty paying, it is really strapping your style and one month you are one day late getting the premium in the mail.
Like a flash you get notice the only policy you can purchase is cancelled for non-payment.
You shop and shop and shop. Every company you approach laughs, clucks their tongue and tells you no, you can not purchase an auto policy from them at any price. Any price, are you serious? You offer $20,000 for one month of coverage and they decline, they are serious.
If you're in good health, young and with personal policy it works pretty good, pretty cheap and all. But God help you should you develop skin cancer, Crohn's disease, diabetes or any of hundreds of other diseases because while you are covered now your rates are about to go to the stratosphere.
Knew a guy in the late 80's that owned a bicycle shop. His wife developed cancer and he he paid premiums until they got to $2,600 a month at which time his premiums were more than he could make at the bicycle shop.
He went naked, went bankrupt, his wife went toe emergency room for which the taxpayer paid and finally she died.
If we have some sort of national system everyone has to pay, everyone has to be insured and as we are a huge group nobody can ever be declined for a pre-existing condition if you were covered for that condition when you came down with it.