When good ideas make bad business
331–340 of 361 posts
Re: When good ideas make bad business
#332Re: When good ideas make bad business
#333There just isn't a product you can sell here.
Re: When good ideas make bad business
#334Re: When good ideas make bad business
#335Earlier quoted context omitted.
The longer you live the more monthly premiums you pay, so ideally they do want you to live, but they don't want you to use any healthcare services (or use less services) while you live.
No, the moment you are diagnosed with a chronic or life threatening disease, your premiums no longer cover the medical cost. Otherwise what is the point of insurance. Moreover, many regulations prevent them from raising future premiums. So kicking you off the insurance plan or letting you die is indeed their primary concern
Re: When good ideas make bad business
#336Earlier quoted context omitted.
This is precisely why we need universal healthcare. The incentive structure of private markets don't properly value human life.
"This is precisely why we need universal healthcare. The incentive structure of private markets don't properly value human life." Government-run healthcare isn't a panacea that will 'value human life' any more than the insurance companies. You are still a number in a database somewhere. Most new drugs come out of the US and socialized governments create generics at a fraction of the cost, because they don't have to p…
Then you are not very good at thinking. There is no theoretical, practical or empirical evidence that this should be true. If you _feel_ this should be true, you should really investigate where that feeling comes from.
Basically your post is just ideology without argument or evidence. All evidence shows that free markets in health care are terribly inefficient. If that doesn't align with your ideological priors, well, adjust your reality.
Re: When good ideas make bad business
#337Earlier quoted context omitted.
"This is precisely why we need universal healthcare. The incentive structure of private markets don't properly value human life." Government-run healthcare isn't a panacea that will 'value human life' any more than the insurance companies. You are still a number in a database somewhere. Most new drugs come out of the US and socialized governments create generics at a fraction of the cost, because they don't have to p…
The government runs a lot of things better than the private sector. Even in the US, the government loosely or strongly manages Police, National Defense, Garbage Disposal, Water managenemt, Power Management, Internet infrastructure, Education, Telephone, Mail and many more. Any service that every citizen needs to live a healthy life is better and more cost effectively run by the government.
Re: When good ideas make bad business
#338Earlier quoted context omitted.
No, the moment you are diagnosed with a chronic or life threatening disease, your premiums no longer cover the medical cost. Otherwise what is the point of insurance. Moreover, many regulations prevent them from raising future premiums. So kicking you off the insurance plan or letting you die is indeed their primary concern
This is incorrect. How can they kick you off the insurance plan? Also, the ACA has provisions to prevent one insurer from having to shoulder the costliest patients via some form of cost sharing with all the others. https://www.cms.gov/CCIIO/Programs-and-Initiatives/Premium-S...
They can investigate whether you failed to report any preexisting conditions, or otherwise violated terms of your insurance. Things that would seem to you to be a technicality may be to their lawyers a breach of contract. Do you have a lawyer who is up for that fight?
[1] https://www.justice.org/sites/default/files/file-uploads/Ins...
Re: When good ideas make bad business
#339Earlier quoted context omitted.
From a business standpoint, saving lives can actually be expensive. The longer someone lives, the more healthcare they consume. Health insurance companies are very aware of this, which is why they so frequently deny coverage for various life-saving cancer treatments. If you die while waiting for treatment, not only do they save the cost of the treatment, but also the entire cost of ongoing screening / care during rem…
This is precisely why we need universal healthcare. The incentive structure of private markets don't properly value human life.
[1] - https://translate.google.com/translate?sl=sl&tl=en&u=https%3...
Re: When good ideas make bad business
#340Earlier quoted context omitted.
This is incorrect. How can they kick you off the insurance plan? Also, the ACA has provisions to prevent one insurer from having to shoulder the costliest patients via some form of cost sharing with all the others. https://www.cms.gov/CCIIO/Programs-and-Initiatives/Premium-S...
> How can they kick you off the insurance plan? They can investigate whether you failed to report any preexisting conditions, or otherwise violated terms of your insurance. Things that would seem to you to be a technicality may be to their lawyers a breach of contract. Do you have a lawyer who is up for that fight? [1] https://www.justice.org/sites/default/files/file-uploads/Ins...
If you notice, when you search for insurance quotes on healthcare.gov, it only asks you for age, location, and smoking status. And gender, but I don’t think gender can be used to price the insurance any differently.
It boggles my mind that people keep bringing up pre existing conditions a decade after they have ceased to be a thing. Also, your link doesn’t work.
https://www.healthcare.gov/coverage/pre-existing-conditions/