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Tag Archives: insurance

Even liberal Mother Jones admits Obamacare is a crony capitalist jack (But they think that’s a good thing)

Of course the health care companies like Obamacare. THEY WROTE SIGNIFICANT PORTIONS OF IT. That was the deal with the “devil” Obama made. The Dems essentially gave the insurance industry (and other parts of the health care industry) a massive transfer of wealth from America’s middle class to their corporate bottom lines.

Lesson here is – get a lobbyist.

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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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The Health Insurer Bailout is Headed Your Way

There are a few winners in Obamacare. Very few, but they do exist. If one has an extreme medical condition it is easier to get insurance now. (Sort of.) The health insurers, in partnership with the federal government are also winners.  (At least in the short to medium term.) They now have access to a pool of taxpayer subsidized potential policy holders who were not part of the market before. The health insurance companies are now basically government contractors. Contracting work can pay well.

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