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Wow a Krugman quoting Bot. Do you get extra for that?
Insurance is a financing method for low probability events. Period. I remember when ALL health insurance was called 'hospitalization', because that's what it covered.
What we have today isn't insurance, it's a healthcare financing scheme. Obamacare takes that and then shifts cost away from democratic voters. It's a cost shifting scheme.
Dr. Krugman is a brilliant economist and exceptional writer. Quoting him is an honor. It's also obvious while you degenerate the professor, you didn't even try to counter ANYTHING he said in his column. That says much more than your glib response.
You have a real problem if you aren't being paid to post this bs.
I see. Anyone who disagrees with you is a propagandist, even if those contrary views are factual, sensible and coherent.
What this points to is the right-wing habit of presuming that their view is the standard to judge all other views -- and dismisses outright any hint that they might be wrong. It's a rather narcissistic viewpoint.
That's what insurance is in general. We each pay a premium and only those who get in accidents or require medical care take advantage of it. So, insurance shifts costs from those who need it to those who the pool of payers. The problem is that you don't know in advance if you will need it in the future.
What part of Obamacare is designed to hold down premiums?
Under Obamacare, private health insurance companies cannot raise premiums by more than 10 % per year without justifying the increase to the government.
They also have to use 80 % of the amount collected in premiums to pay out claims. If they do not reach that percentage, they have to reimburse the policy-holders. Thousands of families were already reimbursed last year.
Under Obamacare, private health insurance companies cannot raise premiums by more than 10 % per year without justifying the increase to the government.
They couldnt do that before either.. States have insurance commissions..
Try again
Quote:
Originally Posted by ellemint
They also have to use 80 % of the amount collected in premiums to pay out claims. If they do not reach that percentage, they have to reimburse the policy-holders. Thousands of families were already reimbursed last year.
The average profit for an insurance company is about 4%..
The fact that some people were reimbursed simply means they were over charged to begin with, and will need to be re-billed this year for last years refund..
Try again
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