- 3,863
GI is signed sealed delivered ohhhh yeah!
Don't think for a second GI will be limited to the exchange, I still have my doubts.
Don't think for a second GI will be limited to the exchange, I still have my doubts.
Obama Press Conference: Health Care
- Thread starter Winter_123
- Start date
- 10,275
In all seriousness, we are just not going to have any form of nationalized health care, unless the Chinese approve it.
Today, it does not appear that the Chinese would be a willing partner. Obama can make all the false promises he wants, but someone has to be there to purchase our massive debt, and as we continue to devalue our currency with what we've done so far, no nation will want any more of what we're dishing out.
Just forget it, for now.
washingtonpost.com
Today, it does not appear that the Chinese would be a willing partner. Obama can make all the false promises he wants, but someone has to be there to purchase our massive debt, and as we continue to devalue our currency with what we've done so far, no nation will want any more of what we're dishing out.
Just forget it, for now.
washingtonpost.com
- 3,863
Agreed, particularly the last line - none of this can happen over night.
Could be a gold rush too - if you had EVERYONE in the system and you were paid let's say... I don't know... 8% commission but guaranteed issue - would you make more money than you do now?
I spend all day looking for people that haven't passed gas in the past 10 years and the underwriting and administrative side is a massive nightmare.
Think about it...
Could go either way at this point...
OK laugh at me Winter , go ahead! LOL.
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I think Al is right. Many will move into other financial sectors. That doesn't mean that this BS plan should happen though. The government never runs anything efficiently, or without fraud etc. The estimates they have placed on the cost for this are really too high already and the Gov track record in running anything within budget is not one they should ever brag about.
- Thread starter
- #16
- 2,908
No laughing yet. As stated, I agree with all of that. And I also agree that there could be a mini-gold rush because the carriers want to get market share right out of the gate so will use agents like dogs for the first year until they can get their online marketing and enrollment gig together. (refer to the medicare advantage model. starts out good and just keeps getting grimmer from there with both the government and the carriers putting the screws to you once they have determined you are not needed).
Also in agreement with the notion that a small percentage commission could still be jiggered into some type of revenue stream for agents who position themselves right. Why do you think I keep saying that I am going to get in when the reform occurs when people keep telling me that I am saying that it is all going away. It is not all going away. It is simply all going to go away as agents currently know it.
Also, as discussed many times, everyone here has defined reform in their own way so when they say reform is or is not coming they are looking at their own definition. I maintain, as I have for years, that reform is coming-period. However, I have defined reform to mean guaranteed issue and I believe that guaranteed issue alone is a capernican shift in the industry when it plays out.
Others have defined "reform" to mean single payer. If so, then I dont think reform is coming. Others have defined it as public option. If so, I dont think reform is coming. Others, have defined it as mandate. If so I don't think reform is coming, but mandate will come eventually after the first phase. I also think that there could still be some plans left around that are not guaranteed issue but will receive no favor from the government so the carriers can quote lower and that looks good to the consumer but they will get no tax credit or subsidy for it.
Reform is coming. However, if you have defined reform in one of the ten ways that I do not, then I can agree reform is not coming. This is not about being right. It is about figuring out what is going on so we can position ourselves. My view: start positioning yourself for guaranteed issue even if one thinks that single payer, mandate, public option, etc are not coming.
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Well said.. So Winter, what does "positioning yourself" mean to you? I fully agree though.
- 10,275
Let's see. Flat 6% forever. Health insurance companies are willing to pay brokers to find the business and keep it on the books...AND service them.
Average premium 4k per year. That's $240 per policy. $240,000 of income if you can keep 1000 policies on the books. (1500 in Ohio...less in some other states).
Average premium 4k per year. That's $240 per policy. $240,000 of income if you can keep 1000 policies on the books. (1500 in Ohio...less in some other states).
- 9,744
I don't think it's gonna happen.
Both parties seem to enamored with, and agree upon the "health insurance exchange" idea for IFP and small group, where you compare, shop and buy online.
Don't believe there will be any agent/broker intervention in that model.
Service? Like the insurance companies care about service?
The health insurance exchange idea, where individuals can go online and buy the cheapest plan will never work.
Montana has some of the lowest health insurance premiums in the nation. (Although Ed would argue that title belongs to Ohio, so let's placate him.). Miami among the highest.
What happens when everyone in Miami decides to buy insurance from Ed in Ohio because he has low rates?
Ed would make so much money (even at his low rates) he could devote full time to his association and this forum.
But it wouldn't take long for the OH carriers who were writing their low premium policies in Miami to figure out this is a money losing proposition. When that happens, the rates in OH rise to cover the claims and folks in Miami start looking for cheaper rates.
Like Thailand . . .
Montana has some of the lowest health insurance premiums in the nation. (Although Ed would argue that title belongs to Ohio, so let's placate him.). Miami among the highest.
What happens when everyone in Miami decides to buy insurance from Ed in Ohio because he has low rates?
Ed would make so much money (even at his low rates) he could devote full time to his association and this forum.
But it wouldn't take long for the OH carriers who were writing their low premium policies in Miami to figure out this is a money losing proposition. When that happens, the rates in OH rise to cover the claims and folks in Miami start looking for cheaper rates.
Like Thailand . . .
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