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Non-profit health insurance concept

Discussion in 'Political Debate & Discussion' started by Spear, Oct 3, 2009.

  1. billwald

    billwald New Member

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    About a million years ago I took a college course for credit on insurance theory. The prof noted that the reason "for profits" exist is that they are operate more efficiently than non-profits. For example, Seattle-based SAFECO (profit) and PEMCO (nonprofit) offer the same products and have existed side by side for several decades. One would expect the non-profit to push SAFECO out of business but it doesn't happen. One of the largest and oldest life insurance companies, New York Life, just converted to for profit.

    Same with credit unions and savings and loans. Their rates are roughly identical. I been in a credit union for 40 years but am thinking of switching because their service is sloppy.
     
  2. billwald

    billwald New Member

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    >The difference is that it is constitutionally permissible for the federal government to be involved in the military.

    It is also constitutionally permissible for the federal government to provide for the general welfare of the country. You all might not like it, but that's what is clearly written for all to read. Anyone want to argue that it is not in the best interest of the nation for the people living here to be healthy?
     
  3. JohnDeereFan

    JohnDeereFan Well-Known Member
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    No. Businesses should be allowed to make money for the work they do.
     
    #23 JohnDeereFan, Oct 10, 2009
    Last edited by a moderator: Oct 10, 2009
  4. JohnDeereFan

    JohnDeereFan Well-Known Member
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    And that's where competition comes in.
     
  5. LeBuick

    LeBuick New Member

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    Wrong, there is no competition when all the companies have the same objectives. Like automobile insurance, they simply all have high rates. This would really screw people in rural areas because this idea will give insurance companies license to raise their rates saying they need to money to compete in high cost areas. And, the larger companies will buy up all the smaller companies then set what ever prices they want and/or drive the remaining smaller companies out of business. This solution is no solution. There is nothing stopping most of these companies from setting up shop in other states now.

    But there is no doctor in NY who will accept the insurance from Montana because the reimbursement rates will be too low. So where it may be nice to have cheap insurance, what good is it when no doctor accepts it?

    Incentive YES but would they actually drop any rates or pocket all the profits. That is the question. These are the same people who took TARP money and paid themselves huge bonuses then refused to give any loans. You expect them to reduce rates because TORT passed? Whose kidding whom? TORT in the form of caps is a huge gift to the insurers and, in your own groups vernacular, it is putting a price on granny.

    Also, auto insurance is high and the companies are making a killing. Not sure about where you live but people here are paying $200/mo just to have a SR22 form on file. I have full coverage and still pay $13/mo for something called uninsured motorist. Our state, insurance is mandatory so according to the law there are no uninsured motorist and even if there is one, I have full coverage so shouldn't have to worry what insurance the other guy has.

    Auto insurance also totals cars out at some ambiguous price making you prove you kept up on maintenance etc... They often negotiate directly with the lender leaving the actual owner out of the negotiations.

    I don't think you meant to use auto insurance to compare, they are as big a rip off as the medical folks. But not to worry, one reform at a time.
     
  6. LeBuick

    LeBuick New Member

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    Excellent post. Just because a program is nonprofit doesn't mean it will drive the competition out of business. History has shown the opposite is true.
     
  7. carpro

    carpro Well-Known Member
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    Blue Cross is a "non-profit" company and democrats want to put them out of business just like all the rest.
     
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