FROM 2012 INTO 2013 POLITICS THREAD

GeorgeFHayek · Feb 5, 2013

Re: THE 2012 POLITICS THREAD

YankeeFan said:

LanceyHoward said:

I just wanted to make a point about Obamacare and how it is going to help many people.
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The (potential) problem in your case is the employer based healthcare system we currently have. And, I agree that is a problem. There's no reason for employment and health insurance to be tied to each other.
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Actually, the problem is bigger than that. It's the insurance-based healthcare system we currently have (and appear to be hell-bent-for-leather to continue on). We finance virtually ALL healthcare spending through one form of insurance or another. Insurance should be insurance -- i.e., protection against catastrophic loss -- rather than simply prepaid healthcare.

YankeeFan · Feb 5, 2013

Re: THE 2012 POLITICS THREAD

GeorgeFHayek said:

Actually, the problem is bigger than that. It's the insurance-based healthcare system we currently have (and appear to be hell-bent-for-leather to continue on). We finance virtually ALL healthcare spending through one form of insurance or another. Insurance should be insurance -- i.e., protection against catastrophic loss -- rather than simply prepaid healthcare.
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100%.

Ooh, can I make a car analogy? Does anyone think Baron would mind?

If we used car insurance like we want to use health insurance, we'd want our car insurance to pay for our gas and oil changes.

That's not what insurance is for.

I humbly bow in Baron's direction.

YankeeFan · Feb 5, 2013

Re: THE 2012 POLITICS THREAD

I appreciate the memo's spelling of Al Qa’ida. It's very respectful. Kind of like how the President pronounces Pakistan.

cranberry · Feb 5, 2013

Re: THE 2012 POLITICS THREAD

YankeeFan said:

GeorgeFHayek said:

Actually, the problem is bigger than that. It's the insurance-based healthcare system we currently have (and appear to be hell-bent-for-leather to continue on). We finance virtually ALL healthcare spending through one form of insurance or another. Insurance should be insurance -- i.e., protection against catastrophic loss -- rather than simply prepaid healthcare.
Click to expand...

100%.

Ooh, can I make a car analogy? Does anyone think Baron would mind?

If we used car insurance like we want to use health insurance, we'd want our car insurance to pay for our gas and oil changes.

That's not what insurance is for.

I humbly bow in Baron's direction.
Click to expand...

Depend on the length of the warranty, I suppose, but let's at least acknowledge that a wealthy person probably doesn't have to think twice about replacing a transmission.

FYI, my employer views a strong benefit plan as a way to attract and keep top quality employees. I'm pretty sure that's the way most benefit plans begin.

Boom_70 · Feb 5, 2013

Re: THE 2012 POLITICS THREAD

YankeeFan said:

GeorgeFHayek said:

Actually, the problem is bigger than that. It's the insurance-based healthcare system we currently have (and appear to be hell-bent-for-leather to continue on). We finance virtually ALL healthcare spending through one form of insurance or another. Insurance should be insurance -- i.e., protection against catastrophic loss -- rather than simply prepaid healthcare.
Click to expand...

100%.

Ooh, can I make a car analogy? Does anyone think Baron would mind?

If we used car insurance like we want to use health insurance, we'd want our car insurance to pay for our gas and oil changes.

That's not what insurance is for.

I humbly bow in Baron's direction.
Click to expand...

When the masses start to realize the full monthly cost of health insurance you can bet that many will move to much higher deductible option and choose to pay out of pocket for routine health care.

GeorgeFHayek · Feb 5, 2013

Re: THE 2012 POLITICS THREAD

cranberry said:

YankeeFan said:

GeorgeFHayek said:

Actually, the problem is bigger than that. It's the insurance-based healthcare system we currently have (and appear to be hell-bent-for-leather to continue on). We finance virtually ALL healthcare spending through one form of insurance or another. Insurance should be insurance -- i.e., protection against catastrophic loss -- rather than simply prepaid healthcare.
Click to expand...

100%.

Ooh, can I make a car analogy? Does anyone think Baron would mind?

If we used car insurance like we want to use health insurance, we'd want our car insurance to pay for our gas and oil changes.

That's not what insurance is for.

I humbly bow in Baron's direction.
Click to expand...

Depend on the length of the warranty, I suppose, but let's at least acknowledge that a wealthy person probably doesn't have to think twice about replacing a transmission.

FYI, my employer views a strong benefit plan as a way to attract and keep top quality employees. I'm pretty sure that's the way most benefit plans begin.
Click to expand...

Sure. WWII wage controls led to health plans being a (perhaps the) way to attract/retain employees (there were no caps on benefits). Some stuff happened before, but the shift to insurance as the primary financing vehicle started there.

GeorgeFHayek · Feb 5, 2013

Re: THE 2012 POLITICS THREAD

Boom_70 said:

When the masses start to realize the full monthly cost of health insurance you can bet that many will move to much higher deductible option and choose to pay out of pocket for routine health care.
Click to expand...

Starting in FY 2014 these are going to be strictly limited ... something like $2,000 per year for single-person coverage and $4,000 a year for everything else.

Boom_70 · Feb 5, 2013

Re: THE 2012 POLITICS THREAD

GeorgeFHayek said:

Boom_70 said:

When the masses start to realize the full monthly cost of health insurance you can bet that many will move to much higher deductible option and choose to pay out of pocket for routine health care.
Click to expand...

Starting in FY 2014 these are going to be strictly limited ... something like $2,000 per year for single-person coverage and $4,000 a year for everything else.
Click to expand...

With no ability for choice of higher dedutable by individual?

GeorgeFHayek · Feb 5, 2013

Re: THE 2012 POLITICS THREAD

Boom_70 said:

GeorgeFHayek said:

Boom_70 said:

When the masses start to realize the full monthly cost of health insurance you can bet that many will move to much higher deductible option and choose to pay out of pocket for routine health care.
Click to expand...

Starting in FY 2014 these are going to be strictly limited ... something like $2,000 per year for single-person coverage and $4,000 a year for everything else.
Click to expand...

With no ability for choice of higher dedutable by individual?
Click to expand...

In general, no. There's been some tweaking, but by and large deductibles are capped.

Boom_70 · Feb 5, 2013

Re: THE 2012 POLITICS THREAD

GeorgeFHayek said:

Boom_70 said:

GeorgeFHayek said:

Boom_70 said:

When the masses start to realize the full monthly cost of health insurance you can bet that many will move to much higher deductible option and choose to pay out of pocket for routine health care.
Click to expand...

Starting in FY 2014 these are going to be strictly limited ... something like $2,000 per year for single-person coverage and $4,000 a year for everything else.
Click to expand...

With no ability for choice of higher dedutable by individual?
Click to expand...

In general, no. There's been some tweaking, but by and large deductibles are capped.
Click to expand...

I would much prefer higher deductible / catastrophic type plan with lower monthly premium and pay out of pocket for routine medical

YankeeFan · Feb 5, 2013

Re: THE 2012 POLITICS THREAD

Boom_70 said:

I would much prefer higher deductible / catastrophic type plan with lower monthly premium and pay out of pocket for routine medical
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You'll take what they give you and you'll like it!

cranberry · Feb 5, 2013

Re: THE 2012 POLITICS THREAD

Boom_70 said:

GeorgeFHayek said:

Boom_70 said:

GeorgeFHayek said:

Boom_70 said:

When the masses start to realize the full monthly cost of health insurance you can bet that many will move to much higher deductible option and choose to pay out of pocket for routine health care.
Click to expand...

Starting in FY 2014 these are going to be strictly limited ... something like $2,000 per year for single-person coverage and $4,000 a year for everything else.
Click to expand...

With no ability for choice of higher dedutable by individual?
Click to expand...

In general, no. There's been some tweaking, but by and large deductibles are capped.
Click to expand...

I would much prefer higher deductible / catastrophic type plan with lower monthly premium and pay out of pocket for routine medical
Click to expand...

It's a smart way for wealthy people who don't anticipate difficulty meeting their high deductibles to handle their healthcare needs.

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