The Massachusetts Insurance Blackout - DFWstangs Forums
 
LinkBack Thread Tools Display Modes
post #1 of 9 (permalink) Old 04-09-2010, 03:17 PM Thread Starter
Worship me
 
AL P's Avatar
 
Join Date: Mar 2000
Posts: 34,345
The Massachusetts Insurance Blackout

This link doesn't work unless you have a subscription to the Wall Street Journal...

http://online.wsj.com/article/SB1000...s_Most_Popular

The Massachusetts Insurance Blackout

Insurers go on strike after Deval Patrick imposes price controls.

This week it became impossible in Massachusetts for small businesses and individuals to buy health-care coverage after Governor Deval Patrick imposed price controls on premiums. Read on, because under ObamaCare this kind of political showdown will soon be coming to an insurance market near you.

The Massachusetts small-group market that serves about 800,000 residents shut down after Mr. Patrick kicked off his re-election campaign by presumptively rejecting about 90% of the premium increases the state's insurers had asked regulators to approve. Health costs have run off the rails since former GOP Governor Mitt Romney and Beacon Hill passed universal coverage in 2006, and Mr. Patrick now claims price controls are the sensible response to this ostensibly industry greed.

Yet all of the major Massachusetts insurers are nonprofits. Three of largest four—Blue Cross Blue Shield, Tufts Health Plan and Fallon Community Health—posted operating losses in 2009. In an emergency suit heard in Boston superior court yesterday, they argued that the arbitrary rate cap will result in another $100 million in collective losses this year and make it impossible to pay the anticipated cost of claims. It may even threaten the near-term solvency of some companies. So until the matter is resolved, the insurers have simply stopped selling new policies.

A court decision is expected by Monday, but state officials have demanded that the insurers—under the threat of fines and other regulatory punishments—resume offering quotes by today and to revert to year-old base premiums. Let that one sink in: Mr. Patrick has made the health insurance business so painful the government actually has to order private companies to sell their products (albeit at sub-market costs).

One irony is that Mr. Patrick's own Attorney General and his insurance regulators have concluded—to their apparent surprise—that the reason Massachusetts premiums are the highest in the nation is the underlying cost of health care, not the supposed industry abuses that Mr. Patrick and his political mentor President Obama like to cite.

On top of that, like ObamaCare, integral to the Massachusetts overhaul are mandates that require insurers to cover anyone who applies regardless of health status or pre-existing conditions and to charge everyone about the same rates. This allows people to wait until they're about to incur major medical expenses before buying insurance and transfer the costs to everyone else. This week Blue Cross Blue Shield reported a big uptick in short-term customers who ran up costs more than four times the average, only to drop the coverage within three months.

Last July, Charlie Baker detailed similar gaming at Harvard Pilgrim, the health plan he used to run. Between April 2008 and March 2009, about 40% of its new enrollees stayed with it for fewer than five months and on average incurred costs about 600% higher than the company would have otherwise expected.

Mr. Baker is almost certain to be Mr. Patrick's GOP opponent in the fall election. The Governor's lurch toward price controls is obviously part of a bid to tar the former CEO as an industry villain. David Plouffe, the architect of Mr. Obama's Presidential campaign, has signed on as a Patrick 2010 consultant. These kinds of collisions between politics and health care are going to occur constantly across the country as ObamaCare kicks in.
AL P is offline  
Sponsored Links
Advertisement
 
post #2 of 9 (permalink) Old 04-09-2010, 04:44 PM
Canada is welcome here.
 
justinsn95's Avatar
 
Join Date: Mar 2005
Location: ft worth
Posts: 4,039
So to sum it up: Blind stupidity on top of blind stupidity. It's obvious that the insurance companies only raise their rates because of the healthcare costs.

The funny thing is, the liberal pansies can't really attack the companies because they are non-profit lol. That would be like attacking a charity for being a charity. This is just going to lead to more "reform".

Quote:
Originally Posted by aksthem1 View Post
i think thedark1337 is a pretty cool guy. eh plays the game and doesnt afraid of anything


Quote:
Originally Posted by Chillaxed View Post
- later on when i was about 16 i suddenly came to the realization that i had zero appeal to women and i said "i'm going to say i'm gay from now on"
justinsn95 is offline  
post #3 of 9 (permalink) Old 04-09-2010, 04:49 PM Thread Starter
Worship me
 
AL P's Avatar
 
Join Date: Mar 2000
Posts: 34,345
To really sum things up, we need reform that addresses the issues of demand and the way the health system operates. Instead we got a bunch of fucking lip service, double talk and a gift to the insurance companies.

There is a reason why the stock of insurance companies went up after the legislation passed.

"I find that the harder I work, the more luck I seem to have." - Thomas Jefferson (1743-1826)

"There are four boxes to be used in defense of liberty: soap, ballot, jury, and ammo. Please use in that order." - Ed Howdershelt
AL P is offline  
 
post #4 of 9 (permalink) Old 04-09-2010, 05:10 PM
Canada is welcome here.
 
justinsn95's Avatar
 
Join Date: Mar 2005
Location: ft worth
Posts: 4,039
So what could be done to attack the root of the problem, which would be the costs? Banning lawsuits against any type of healthcare professional, or entity? If you do that though, you will get lazy and incompetent doctors and nurses. If they have nothing to fear, then why not be lazy and incompetent? They aren't often fired, cause there aren't enough of them to go around as it is. Supposedly.

Quote:
Originally Posted by aksthem1 View Post
i think thedark1337 is a pretty cool guy. eh plays the game and doesnt afraid of anything


Quote:
Originally Posted by Chillaxed View Post
- later on when i was about 16 i suddenly came to the realization that i had zero appeal to women and i said "i'm going to say i'm gay from now on"
justinsn95 is offline  
post #5 of 9 (permalink) Old 04-09-2010, 05:17 PM
Time Served
 
Join Date: May 2003
Location: DFW mustangs.net
Posts: 183
Quote:
Originally Posted by justinsn95 View Post
So what could be done to attack the root of the problem, which would be the costs? Banning lawsuits against any type of healthcare professional, or entity? If you do that though, you will get lazy and incompetent doctors and nurses. If they have nothing to fear, then why not be lazy and incompetent? They aren't often fired, cause there aren't enough of them to go around as it is. Supposedly.

How about imposing a limit on the amount that can be recovered in a malpractice lawsuit? Punishing those that file bogus lawsuits?

'86 SVO
'98 GT
Palehorse is offline  
post #6 of 9 (permalink) Old 04-09-2010, 05:20 PM Thread Starter
Worship me
 
AL P's Avatar
 
Join Date: Mar 2000
Posts: 34,345
Quote:
Originally Posted by Palehorse View Post
How about imposing a limit on the amount that can be recovered in a malpractice lawsuit? Punishing those that file bogus lawsuits?
You are on to something and that is part of the problem. The problem is that most of Congress consists of lawyers. The clerks that work for the senators and reps are lawyers. They have to be to write the bills. They won't pass tort reform.

I'm sure it has been considered but why not have the government provide malpractice insurance? It is probably a bad idea for reasons I am unaware of.

"I find that the harder I work, the more luck I seem to have." - Thomas Jefferson (1743-1826)

"There are four boxes to be used in defense of liberty: soap, ballot, jury, and ammo. Please use in that order." - Ed Howdershelt
AL P is offline  
post #7 of 9 (permalink) Old 04-11-2010, 08:17 AM
Lifer
 
Join Date: Nov 2001
Location: Ellis County
Posts: 18,370
Of course we all realize that we are in for the same scenario with Barry Care, right? Insurance companies will go away altogether, which is what Adolph Obama wants in the end. Hell, Romney was almost bragging about the healthcare in Massachusetts a few months ago.

CHL holder and Conservative...AKA "Domestic Terrorist"
Vertnut is offline  
post #8 of 9 (permalink) Old 04-11-2010, 02:06 PM
WE ARE THE CHAMPIONS!
 
Sgt Beavis's Avatar
 
Join Date: Jul 2002
Location: Lake Dallas, TX
Posts: 10,859
Quote:
Originally Posted by Palehorse View Post
How about imposing a limit on the amount that can be recovered in a malpractice lawsuit? Punishing those that file bogus lawsuits?
I would be careful in wishing for that. We passed Tort reform in Texas with promises from the insurance industry that the rates charged to doctors would come down.

So far, it looks like those rates have yet to fall..

You're right about going after lawyers that push those bogus lawsuits. The Bar should police themselves better but they don't. The same goes for doctor certification. They need to make a change in the process for disbarring a lawyer or revoking a doctors license. Time to get rid of the bad apples.

We're Adopting. Contact us through our website.

http://www.theboyetts.com

You can also LIKE us on Facebook
Sgt Beavis is offline  
post #9 of 9 (permalink) Old 04-11-2010, 09:47 PM
T-MINUS
 
Sean88gt's Avatar
 
Join Date: Sep 2000
Posts: 28,540
Quote:
Originally Posted by Palehorse View Post
How about imposing a limit on the amount that can be recovered in a malpractice lawsuit? Punishing those that file bogus lawsuits?
Don't destroy my plan! After I graduate with my JD, I intend to mass-file on the basis of sub par care, that is dictated by the government.

1/19/09, the last day of Free America.
Pericles "Freedom is the sure possession of those alone who have the courage to defend it. "

"[T]he people alone have an incontestable, unalienable, and indefeasible right to institute government and to reform, alter, or totally change the same when their protection, safety, prosperity, and happiness require it." --Samuel Adams


Sean88gt is offline  
Sponsored Links
Advertisement
 
Reply

Bookmarks

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the DFWstangs Forums forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome