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Tag Archives: insurance

The United States already is the largest single-payer health provider in the Western world, and the system is failing

Word coming down the anecdotal (and now non-anecdotal) grapevine is that Obamacare is a developing nightmare. No one knows how it’s going to work in the long run, or the short run for that matter. There seems to be pain at every level. From the patients who have no idea what they are covered for, what a deductible is etc., to doctors who are increasingly just dropping out and retiring, things are not going well. Billing is more difficult. Compliance is more difficult. Margins are being squeezed. Quality of care is going down. All while liability risk is increasing. A bouillabaisse of dysfunction.

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Utah comes after insurance startup

Pretty blatant stuff. As a former insurance underwriter (and sometimes agent) I can tell you first hand that brokers and agents loathe competition. Which is understandable. Competition means having to lower prices on a highly commoditized product. That’s not good for commissions.

This is one of the reasons why insurance is such a “highly regulated industry.”  It’s not just about looking out for the consumer that’s for sure.

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Sebelius: Americans don’t like Obamacare because their “financial literacy is low”

It’s not that Obamacare is a horribly complicated program which has screwed up healthcare for millions of people, which increased rates rather than decreasing them as promised, which was passed without even 50% of the American people supporting it, which has proven to be a crony capitalist vehicle for the big health insurance companies. No, you don’t like Obamacare because you are ignorant of the program’s genius.

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