A Health Insurance Exchange Will End Broker Based IFP?

[djs]

The $2 Trillion was not a real cut, but a government budget cut. Sort of like: We would raise prices by $10 Trillion, but we'll settle for $8 Trillion more, thereby saving $2 Trillion.

If this was the extent of it, nobody would end up making less, just some would make a bit less 'more', if that makes sense.

Dan

 

[stuy119]

If a few brokers can still make a living, and this gets a lot of the fluff brokers to quit, it can only be a good thing.

There's a strong chance our industry gets a bump in reputation as a result of getting rid of some of the bottom feeders.

 

[ABC]

Originally Posted by ABC

That is what I have been told from a state president of National health Insurance company.​

Be careful. This person (unless on one of the Congressional committees) doesn't know anything more than the rest of us. As a matter of fact, most of the nitwits in HO know a good deal less.
How many carrier presidents have you talked to about this issue? When it comes to publicly trade insurance companies and politics I think they are very well informed.
I do think this president knows more than the rest of us because they have lobbyists in the trenches trying to sway the issue.The battle is going to be in the Senate and not the house.

I was told the individual market will not be effected by the exchange and that the exchange is only for small group.​

Doesn't make sense.

Like I said before I was told the exchange is only for small group. That the individual industry is going to adopt premium assistance and GI. The carriers estimate that there are only 15 million un insured Americans that truly need help. The rest would qualify for some type of Gov. plan or choose to go with out.

If the health care industry as a whole is going to reduce cost by 2 trillion in the next 10 years everyone associated with health care will make less.​

You really believe this?

B.O. is looking at health care as his topic domestic issue. he is viewing it as an economic issue. He brought the key players in the industry together and said either you reduce the cost or we are going to a one payor system. Its a complete bluff because there is no way to fund a one payor system but the industry as a whole cannot take the risk of the Gov. coming in and taking over.
B.O. knows this but he is not going to show his hand.
To Shave off 2 trillion in 10 years everyone is going to make less including us.



</IMG>

 

[Paradigm]

If the health insurance exchange is only for small groups then OK

I agree with the funding issue- Today all over CNBC Bill Gross the head of PIMCO along with Mohammed Al-arian were saying if the government doesnt stop spending money it doesnt have; the USA could be downgraded below AAA like the UK just was. This would greatly increase future borrowing costs and debt service payments.

The Federal Reserve bank has bought nearlya trillion in treasuries and we have essentially monetized the debt. The reality is there is no more money left and this lunacy should be at an end.

 

[Winter_123]

If the health insurance exchange is only for small groups then OK

I agree with the funding issue- Today all over CNBC Bill Gross the head of PIMCO along with Mohammed Al-arian were saying if the government doesnt stop spending money it doesnt have; the USA could be downgraded below AAA like the UK just was. This would greatly increase future borrowing costs and debt service payments.

The Federal Reserve bank has bought nearlya trillion in treasuries and we have essentially monetized the debt. The reality is there is no more money left and this lunacy should be at an end.

In addition, the feds will end out backing state bonds in order to grease the skids. Example, Geithner just concluded that TARP money cannot be used to bail out states, ie. California so now he is looking into having the federal government co-sign/back state debt. How can that help the federal governments credit rating?

 

[djs]

How can that help the federal governments credit rating?

Not a problem. The feds just took delivery of a higher speed printing press for our money. They can print it faster now than ever before.

You must believe! Obama and team have thought through these problems, they knew early on they would need more money and took care of it. They planned for this.

They are still trying to solve the problem that the printing press draws more power than the windmills and solar panels will generate, especially at night (imagine that). They are currently working with environmentalist to see if they can pass legislation to have the sun shine 24 hours a day. Unfortunately, the night shift workers at the union are opposed.

Dan

 

[Delta76]

The Federal Reserve bank has bought nearlya trillion in treasuries and we have essentially monetized the debt. The reality is there is no more money left and this lunacy should be at an end.

This is what third world countries do. Seriously.

 

[Crabcake Johnny]

1 yogurt, gallon of milk and loaf of bread - 20 billion? No problem, can you break a 50 billion?

 

[TXINSURANCE]

1 yogurt, gallon of milk and loaf of bread - 20 billion? No problem, can you break a 50 billion?

Stock up now it might be worth more than the U.S. dollar when BO is done.

 

[Freddie]

Oh, I agree, but nobody should be surprised.

Some have been stuck in denial (and some still are), but once I saw Obama was going to be the norminee last summer...

Bingo!

Take a look at the S&P 500 or Dow Jones indexes charts about the time Hillary's mugging ended (ACORN at the caucuses) - around June 2008. The same time you are mentioning. The markets started to sink and as his poll numbers went up it was down more and after the election down even more.

I wonder how much capital fled the USA. After what happened to Chrysler and next GM bond holders - don't expect that capital to come back any time soon.
- - - - - - - - - - - - - - - - - -

Not a problem. The feds just took delivery of a higher speed printing press for our money. They can print it faster now than ever before.

You must believe! Obama and team have thought through these problems, they knew early on they would need more money and took care of it. They planned for this.

They are still trying to solve the problem that the printing press draws more power than the windmills and solar panels will generate, especially at night (imagine that). They are currently working with environmentalist to see if they can pass legislation to have the sun shine 24 hours a day. Unfortunately, the night shift workers at the union are opposed.

Dan

One thing I think people are in denial about is "he wants the economy to improve or this mess to get better." He does not care. This is ALL about grabbing more power. If things get worse it generally historically been easier to grab more power. A "crisis" everyday.

The middle class and upper middle class could very realistically be wiped out. Look at Michigan - unemployment is 12.9% and could easily hit 15% or more.