BlueChairMan
Expert
- 44
This sums it up!! I could not agree more....
Video Speaks for Itself!
- Thread starter BlueChairMan
- Start date
- 990
Amusing.
I don't know whether to be supportive of this video as a means to communicate to the layperson the basics of this situation or to be depressed because things have to be reduced to such a simplistic level to order to try and reach the masses?
No, you can't.
Ron Paul 2012
I don't know whether to be supportive of this video as a means to communicate to the layperson the basics of this situation or to be depressed because things have to be reduced to such a simplistic level to order to try and reach the masses?
No, you can't.
Ron Paul 2012
J
jjreview
Guest
haha, no emoticon for THAT! But dumbing it down is stuff that we all need. I was a computer programmer, and I remember thinking, before meetings with my boss, I should really just get a couple of dolls to help her understand this...
Then the Server Doll says "OH NO, now I'm REALLY FULL"
And the Internet Doll says, "Really? Cause I have a few thousand more HTTP requests for ya!"
- 1,432
The problem with the video is that it focuses on the fairness to the insurance companies. It does not address how being unfair to the insurance companies affects the consumer/voter.
We as insurance agents can connect those dots. We know why health insurance costs so much. The cost of health care itself is the problem, not the insurance that covers it. However most people don't understand that 90% of the demonization of the insurance companies is unjustified.
The idea that we'll solve our national health care problem by adding more competition is entirely fallacious. Competition helps lower prices in industries where there are fat profit margins.
Insurance companies make a ton of money, but they make very little money per month, per insured.
Competition can drive and has driven down profits and prices in certain situations. The divestiture of AT&T was good for the country, for example.
However they had fat profit margins, not just fat profits.
If competition could solve the problem, the market would have fixed it already. If there were so much money to be made in health insurance the big P&C only companies would be selling health insurance. Other financial companies with deep pockets would come in and drive prices down.
The proof that competition won't work is the following:
Even allowing competition across state lines has its problems. When a new company comes into the market, it can charge lower rates because it doesn't have any sick policyholders on their books.
If they get too many new policyholders, they force the companies that previously existed in that market to raise their prices because the new company takes their healthy clients and won't take their sick ones.
In an unregulated market, the old companies go out of business and their unhealthy policyholders become former policyholders and join the ranks of the uninsurable.
The average voter barely understands how a deductible works so they get their information about the health insurance companies from the news. Solutions that sound plausible are accepted too easily. Health insurance is too complex for anyone to grasp intuitively. I'd probably believe that the insurance companies were the source of the problem if I weren't in the business myself.
This is a republic and not a democracy. We should be protected from the ignorance of the people instead of being victimized because of it.
My plan is to stay fit and healthy and then die suddenly. (Don't stop at the hospital. Drive straight to the morgue.)
We as insurance agents can connect those dots. We know why health insurance costs so much. The cost of health care itself is the problem, not the insurance that covers it. However most people don't understand that 90% of the demonization of the insurance companies is unjustified.
The idea that we'll solve our national health care problem by adding more competition is entirely fallacious. Competition helps lower prices in industries where there are fat profit margins.
Insurance companies make a ton of money, but they make very little money per month, per insured.
Competition can drive and has driven down profits and prices in certain situations. The divestiture of AT&T was good for the country, for example.
However they had fat profit margins, not just fat profits.
If competition could solve the problem, the market would have fixed it already. If there were so much money to be made in health insurance the big P&C only companies would be selling health insurance. Other financial companies with deep pockets would come in and drive prices down.
The proof that competition won't work is the following:
- It hasn't done so already.
- There aren't companies begging to get into the health insurance market.
Even allowing competition across state lines has its problems. When a new company comes into the market, it can charge lower rates because it doesn't have any sick policyholders on their books.
If they get too many new policyholders, they force the companies that previously existed in that market to raise their prices because the new company takes their healthy clients and won't take their sick ones.
In an unregulated market, the old companies go out of business and their unhealthy policyholders become former policyholders and join the ranks of the uninsurable.
The average voter barely understands how a deductible works so they get their information about the health insurance companies from the news. Solutions that sound plausible are accepted too easily. Health insurance is too complex for anyone to grasp intuitively. I'd probably believe that the insurance companies were the source of the problem if I weren't in the business myself.
This is a republic and not a democracy. We should be protected from the ignorance of the people instead of being victimized because of it.
My plan is to stay fit and healthy and then die suddenly. (Don't stop at the hospital. Drive straight to the morgue.)
Last edited by a moderator:
- 2,455
Alston
that made a lot is sense to me. Thanks for the good post.
that made a lot is sense to me. Thanks for the good post.
- 11,997
Very well put.
