Comments on: The Medical Loss Ratio http://2parse.com/?p=3403 politics, prose, and barack obama Tue, 07 Sep 2010 21:23:03 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Health insurance company profits in 2007 - Politics and Other Controversies - Page 3 - City-Data Forum http://2parse.com/?p=3403&cpage=1#comment-7411 Health insurance company profits in 2007 - Politics and Other Controversies - Page 3 - City-Data Forum Thu, 30 Jul 2009 01:29:24 +0000 http://2parse.com/?p=3403#comment-7411 [...] [...] [...] [...]

]]> By: Our Wall-Street Run Health Care - 2parse http://2parse.com/?p=3403&cpage=1#comment-7325 Our Wall-Street Run Health Care - 2parse Fri, 24 Jul 2009 15:48:12 +0000 http://2parse.com/?p=3403#comment-7325 [...] their large dollar profits as prices skyrocketed in the 1980s and 1990s instead began to increase their percentage of the profit – as a Wall Street-run company always does, thus exacerbating the inefficiencies already [...] [...] their large dollar profits as prices skyrocketed in the 1980s and 1990s instead began to increase their percentage of the profit – as a Wall Street-run company always does, thus exacerbating the inefficiencies already [...]

]]> By: Norris Hall http://2parse.com/?p=3403&cpage=1#comment-7134 Norris Hall Thu, 16 Jul 2009 05:23:26 +0000 http://2parse.com/?p=3403#comment-7134 Frankly my health insurance plan is the biggest consumer ripoff I can think of. My wife and I are in our 60s. We are self employed. So we go out on the open market to look for insurance and here's the best we can find. With Blue Shield's PPO 4000/8000 plan my wife an I pay 10,000 dollars a year in after tax dollars For that we get a plan with an $8000 deductible. That's right. In order for both my wife and I to start getting a dime of help from our insurance company we first have to pay $10000 in yearly premiums plus $8000 in deductibles. $18,000 a year!!!! So if I want the insurance company to pay for a single X ray or allergy medications, I've got to pony up $18000 With benefits like that we say "to hell" with the American medical system. No way am I about to pay that kind of money for so little in return. So we bite the bullet and pay the insurance company ...just like a small shopkeeper in Sicily pays the mafia for protection. But instead of spending $8000 in out of pocket medical expenses, we save up all our aches, pains and just hop on a plane each November and head to the hospitals of Thailand....where the service is wonderful....at 1/10th the cost they charge . in the US. If something doesn't happen to health care in America you can kiss this country goodbye. We'll soon be spending more on health care than all the entire federal government a few years from now. Frankly my health insurance plan is the biggest consumer ripoff I can think of.
My wife and I are in our 60s. We are self employed. So we go out on the open market to look for insurance and here’s the best we can find.
With Blue Shield’s PPO 4000/8000 plan my wife an I pay 10,000 dollars a year in after tax dollars
For that we get a plan with an $8000 deductible. That’s right. In order for both my wife and I to start getting a dime of help from our insurance company we first have to pay $10000 in yearly premiums plus $8000 in deductibles.
$18,000 a year!!!!
So if I want the insurance company to pay for a single X ray or allergy medications, I’ve got to pony up $18000

With benefits like that we say “to hell” with the American medical system.
No way am I about to pay that kind of money for so little in return.

So we bite the bullet and pay the insurance company …just like a small shopkeeper in Sicily pays the mafia for protection.

But instead of spending $8000 in out of pocket medical expenses, we save up all our aches, pains and just hop on a plane each November and head to the hospitals of Thailand….where the service is wonderful….at 1/10th the cost they charge .
in the US.

If something doesn’t happen to health care in America you can kiss this country goodbye. We’ll soon be spending more on health care than all the entire federal government a few years from now.

]]> By: The Statistic That Ruined Health Insurance « Economics Info http://2parse.com/?p=3403&cpage=1#comment-7128 The Statistic That Ruined Health Insurance « Economics Info Thu, 16 Jul 2009 01:08:01 +0000 http://2parse.com/?p=3403#comment-7128 [...] Source [...] [...] Source [...]

]]> By: The Medical Loss Ratio - 2parse - Health Web Blog http://2parse.com/?p=3403&cpage=1#comment-7121 The Medical Loss Ratio - 2parse - Health Web Blog Wed, 15 Jul 2009 19:48:34 +0000 http://2parse.com/?p=3403#comment-7121 [...] Why Family Health Insurance Plans are important? (0) 1 Blog discussions:Google:The Medical Loss Ratio - 2parseby Joe CampbellA blog by Joe Campbell about politics, prose, foreign policy, the rule of law, [...] [...] Why Family Health Insurance Plans are important? (0) 1 Blog discussions:Google:The Medical Loss Ratio – 2parseby Joe CampbellA blog by Joe Campbell about politics, prose, foreign policy, the rule of law, [...]

]]> By: Gabba http://2parse.com/?p=3403&cpage=1#comment-7116 Gabba Wed, 15 Jul 2009 17:08:02 +0000 http://2parse.com/?p=3403#comment-7116 Wanna see a solid gold example of serious market (and political and ethical) failure? US healthcare funding model. Wanna see a solid gold example of serious market (and political and ethical) failure? US healthcare funding model.

]]>