Wisconsin Residents Prepare

[J.R.]

Just go this link in the morning e-mails

http://www.lifeandhealthinsurancenews.com/cms/nulh/Breaking+News/2007/06/28-wisconsin-jd

It appears Wisconsin has found the solution to offer GI plans. As soon as I can locate a map I'm gonna find out where this state is located at.... I think it's somewhere near Utah

 

[Crabcake Johnny]

"Under their plan, health care providers would have to be willing to voluntarily reduce their costs by 40%, which is not going to happen.”

Never happen

 

[Delta76]

What exactly does this mean for Wisconsin producers?

 

[Crabcake Johnny]

Nothing. Even Mass. has pretty much delayed everything. Now the July deadline is December. One of the largest flaws of the Mass. plan is nothing has been figured in to account for rate increases. So you might mandate that someone making $45,000 must purchase and keep insurance but what happens 6 years later when that rate has doubled? Mass. absolutely cannot force insurance companies to keep the rates stable.

Universal health, even on the state level, cannot be done and I think we're gonna see that Mass. will be a shining example of that.