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LEFT WING LOONS Title: we do not go to the insurance company ... to demand coverage --- for a pre-existing fire. Obamacare will self-repeal By Robert Arvay The debate is over. We do not need to repeal Obamacare; it will repeal itself. Two words summarize why: risk pool. The ACA is founded upon a stunning misconception of the very definition of insurance. Its advocates have mistakenly conflated two unrelated concepts: insurance and welfare – or, more to the point, risk and charity. People buy insurance in order to mitigate risk. We buy fire insurance because there is a slight chance that our house will burn down. If we cannot afford insurance, and our house burns down, we do not go to the insurance company to demand coverage for a pre-existing fire. Instead, we rely on the charity of donors – say, the Salvation Army. We do not demand it, and indeed, we may not receive it, but life has risks, which is why we buy insurance. Obamacare has failed to make the critical distinction, which is why it is collapsing. The only people paying into the system are those who are wealthy enough not to need it and those who are so poor that they pay little or nothing. The rest of us pay the fine for not enrolling, or else we buy a policy that covers everything we will never use. For example, my wife and I are not at risk of getting pregnant, but we are expected to pay anyway. The people who benefit from the ACA do so because they get something for nothing. They do so at the expense of the rest of us. Obamacare will collapse by itself, but there are two simple ways to speed up its destruction. Pick one: either the new president can rescind the executive orders that exempt the privileged few from paying into it – notably, members of Congress and their staffs, along with labor unions. Alternatively, he can issue an executive order exempting everyone. If Congress finds itself burdened with the same law it has imposed on us, its members will quickly find a way to unburden the rest of us. Many substitutes for Obamacare are vastly superior to it. Once the "across state lines" issue has been resolved, and once the concept of medical savings accounts has been implemented, there can be added one more feature: health insurance mortgages. Briefly stated, people can buy "whole life" health insurance policies by taking out a loan to pay, up front, for a lifetime of medical care, based on their actuarial risk factors. The loan could be amortized over say, forty years. The details would be left up to the insurance companies and those who buy the insurance, with neither party being forced into the risk pool. Other creative possibilities exist. There is, however, a big problem: they all require a basic understanding not only of risk pools, but of something else that the social left will never comprehend: freedom. The debate is over. We do not need to repeal Obamacare; it will repeal itself. Two words summarize why: risk pool. The ACA is founded upon a stunning misconception of the very definition of insurance. Its advocates have mistakenly conflated two unrelated concepts: insurance and welfare – or, more to the point, risk and charity. People buy insurance in order to mitigate risk. We buy fire insurance because there is a slight chance that our house will burn down. If we cannot afford insurance, and our house burns down, we do not go to the insurance company to demand coverage for a pre-existing fire. Instead, we rely on the charity of donors – say, the Salvation Army. We do not demand it, and indeed, we may not receive it, but life has risks, which is why we buy insurance. Obamacare has failed to make the critical distinction, which is why it is collapsing. The only people paying into the system are those who are wealthy enough not to need it and those who are so poor that they pay little or nothing. The rest of us pay the fine for not enrolling, or else we buy a policy that covers everything we will never use. For example, my wife and I are not at risk of getting pregnant, but we are expected to pay anyway. The people who benefit from the ACA do so because they get something for nothing. They do so at the expense of the rest of us. Obamacare will collapse by itself, but there are two simple ways to speed up its destruction. Pick one: either the new president can rescind the executive orders that exempt the privileged few from paying into it – notably, members of Congress and their staffs, along with labor unions. Alternatively, he can issue an executive order exempting everyone. If Congress finds itself burdened with the same law it has imposed on us, its members will quickly find a way to unburden the rest of us. Many substitutes for Obamacare are vastly superior to it. Once the "across state lines" issue has been resolved, and once the concept of medical savings accounts has been implemented, there can be added one more feature: health insurance mortgages. Briefly stated, people can buy "whole life" health insurance policies by taking out a loan to pay, up front, for a lifetime of medical care, based on their actuarial risk factors. The loan could be amortized over say, forty years. The details would be left up to the insurance companies and those who buy the insurance, with neither party being forced into the risk pool. Other creative possibilities exist. There is, however, a big problem: they all require a basic understanding not only of risk pools, but of something else that the social left will never comprehend: freedom. Read more: http://www.americanthinker.com/blog/2017/01/obamacare_will_selfrepeal.html#ixzz4VTtax9wa Poster Comment: People people have to car drunken Post Comment Private Reply Ignore Thread Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 15.
#1. To: BorisY (#0)
Yes, the debate is over. We need universal single-payer, taxpayer-funded catastrophic medical insurance - everything that costs over something like $10,000 a year. And for the rest, we need to treat health insurance as the matter of interstate commerce that it is, remove the state regulatory power from the matter, and have a nationwide free-market of health insurance to cover the gap between $0 and $10,000. Cancer, heart attacks, muscular dystrophy - after $10k per year, all covered by the national insurance. Below that, covered by either private insurance or paychecks. Get employers out of the health insurance business. For people who can't afford all $10,000 of that because of income levels, Medicaid. It will be expensive, uniform, fair, and it will get the mickey mouse out of it, and the health insurance profit margin out of serious disease. There is no reason to spend tax dollars on private profit margins for health insurers. Let them make their profits in the non-catastrophic niche between $0 and $10,000.
It doesn't matter whether your talking homes, business, autos or healthcare... insurance companies don't exist to provide service to their policyholders... their sole purpose is to stuff profits into the pockets of their shareholders. Buying insurance is no different than throwing away money in a Las Vegas casino. The "insurance" gambling industry should be abolished in favor of a universal, single payer system... Period.
While I agree with you about the motives of insurance companies, we are not going to go to a universal single payer system in America, because it would be far too expensive. The countries that already have such systems, such have France, have scaled back on them because of the expense. What we need is a universal catastrophic health insurance system, that covers cancer, heart attacks, major medical disasters, but that does not cover the colds, flus, aches, pains and complaints of daily living. The first few thousand of medical care every years is that sort of thing, and it should not be covered by the government, but paid for out of pocket by people. Private health insurance can cover that sort of thing if people want it. Of course, some of those low-cost things actually are necessary. Example: have a flu that gets worse and worse, and you need to go to the doctor before you get pneumonia and it turns into something major. This is only a few hundred dollars, which most people can pay, but the treatment IS necessary. The poor - people on welfare or living on an $1100 per month Social Security check - can't afford that, but it is necessary care. They can be covered by Medicaid, which is already means-tested.
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