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The original post is in regards to LIFE insurance. Not health. The question is should the government force insurance companies to insure peoples LIVES? If I have no life insurance and am diagnosed tomorrow as terminal in say less than 6 months... can I then go out take out 100K policy and pay 6 months premiums?
You're right.... I was thinking health insurance. However, life insurance premiums are based on life expectancy. If someone has only 6 months to live, why not let them buy a $100k policy with monthly payments of $16,000 a month?
You're right.... I was thinking health insurance. However, life insurance premiums are based on life expectancy. If someone has only 6 months to live, why not let them buy a $100k policy with monthly payments of $16,000 a month?
Kind of like the government forcing banks to provide mortgages to people that had no business getting the mortgages in the first place and couldn't afford the payments, and the government guaranteeing those mortgages when they fail. I seem to remember that not working out so well.
What you and all the other anti-health-care posters ignore is that the issue is not insurance, the issue is the method of financing our health care system to provide decent health care to everybody.
I get that you don't think we should provide health care to everybody, but making specious analogies doesn't help your argument.
No, you don't get it at all. What Republicans objected to was the method used to provide health care, not the healthcare itself. Exactly the opposite of what you said. The issue is indeed the insurance and not the healthcare.
What you and all the other anti-health-care posters ignore is that the issue is not insurance, the issue is the method of financing our health care system to provide decent health care to everybody.
I get that you don't think we should provide health care to everybody, but making specious analogies doesn't help your argument.
I agree ... Stupid thread ... Stupid comparison ... Trolling.
The govt. should force these companies out of business and move to a single payer system like they have in the civilized nations of the world.
Yes the first nation in the modern world built on the principles of individual freedom and rule of law, separation of power, an elected chief executive, and guaranteed civil liberties isn't civilized. Your comment is laughable.
Should the government force life insurance companies to insure people with pre existing conditions?
Why do you call that "insuring people" when it bears no resemblance whatsoever, to insurance?
It is IMPOSSIBLE to "insure" people who alread have a pre-existing condition. Your question is deliberately misleading, as "questions" from liberals so often are. What you meant was: "Should government force people to pay extra tax money to pay for those with pre-existing conditions?"
Insurance is the process of promising people who AREN'T sick, that you'll pay for their treatment if they get sick. The whole idea is, most of them who pay premiums won't get sick, so their money will pay for the few who do get sick LATER.
But if you have a group of people, all of whom are already sick (or injured etc.), you are guaranteed to run out of money, unless those people pay the total amount themselves, for their treatment. And once you run out of money, how do you propose to pay for their treatment?
BTW, why are you picking on insurance companies? There is no more reason for them to pay this extra money to cure people already sick, than there is for the local bank, or car dealer, or PTA, or Boy Scout troop, or residents of the neighborhood around 14th St. and Torrey Ave., to pay that money.
Why all the comments about HEALTH insurance?
The OP is about LIFE insurance.
What must be kept in mind is that insurance companies are FOR PROFIT companies. If they don't make a profit every quarter, they go out of business. If they insure people who they KNOW are gong to die very soon, either they will have to set the premiums high enough to guarantee a profit, or they will go under.
Now, if you want to pay premiums of $75,000 per month for 6 months so that your spouse will get a $125,000 payout when you die, go right ahead. Seems to me, though, it would make more sense to put that $450,000 into an interest bearing account for the spouse.
But then, I ain't no financial expert!
Should the government force life insurance companies to insure people with pre existing conditions?
Why do you call that "insuring people" when it bears no resemblance whatsoever, to insurance?
It is IMPOSSIBLE to "insure" people who alread have a pre-existing condition. Your question is deliberately misleading, as "questions" from liberals so often are. What you meant was: "Should government force people to pay extra tax money to pay for those with pre-existing conditions?"
Insurance is the process of promising people who AREN'T sick, that you'll pay for their treatment if they get sick. The whole idea is, most of them who pay premiums won't get sick, so their money will pay for the few who do get sick LATER.
But if you have a group of people, all of whom are already sick (or injured etc.), you are guaranteed to run out of money, unless those people pay the total amount themselves, for their treatment. And once you run out of money, how do you propose to pay for their treatment?
BTW, why are you picking on insurance companies? There is no more reason for them to pay this extra money to cure people already sick, than there is for the local bank, or car dealer, or PTA, or Boy Scout troop, or residents of the neighborhood around 14th St. and Torrey Ave., to pay that money.
Simple...
Cradle to Grave, *******s want nothing to do with the risks of life and have everyone else pay for their protection.
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