Simple Math

[Barfly]

puhlease....all you'd get with your 'solution' is cut-rate insurance with more holes than swiss cheese. Even more so than at present

No third party intervention = cut-rate insurance? Because as a business, insurance companies are only out to screw you? You don't think a business would provide a competitive, valuable product without government intervention?

You see, the issue is that you don't know that you won't need coverage, you make an assumption. One accident can show the need for catastrophic coverage, one chronic illness at a young age can wipe a person out(not deemed catastrophic, just steady longterm expenses).[/

So you just demonstrated that you understand the meaning of insurance. Good on ya! It's still a long road ahead from here...

[callmeslick]

puhlease....all you'd get with your 'solution' is cut-rate insurance with more holes than swiss cheese. Even more so than at present

No third party intervention = cut-rate insurance? Because as a business, insurance companies are only out to screw you? You don't think a business would provide a competitive, valuable product without government intervention?

another name for government intervention is REGULATION. You know, the stuff that keeps insurers from screwing you too badly with the fine print? Without serious regulation, the coverage would be atrocious, because, as you state, the insurers are looking to make money, lots of it. Nothing gets in the way of that more than reimbursement of the insured.

[Barfly]

And the worst payment record of any entity that operates as a medical insurer is..... is................

[callmeslick]

don't even attempt to claim Medicare. Actually, they are the most efficient payer out there, very low denial of claims, 6% of the overhead costs of the average Insurance company. They may reimburse PROVIDERS at the lowest rate, but deny FAR fewer claims.
And, that might be why Medicare for everyone, cradle to grave, is the only REAL way to keep costs down. Funny how it works everywhere else(US costs per person for healthcare-roughly twice to three times the rest of the civilized world, with worse outcomes).

[Barfly]

Congratulations, you found it, and I can't help you. Good luck on your mission.... oh! before I go, there are unintended consequences of widespread price-fixing that you are not considering.

[callmeslick]

....and yours as well, whatever the fuck it is.

[Pudfark]

puhlease....all you'd get with your 'solution' is cut-rate insurance with more holes than swiss cheese. Even more so than at present

No third party intervention = cut-rate insurance? Because as a business, insurance companies are only out to screw you? You don't think a business would provide a competitive, valuable product without government intervention?

another name for government intervention is REGULATION. You know, the stuff that keeps insurers from screwing you too badly with the fine print? Without serious regulation, the coverage would be atrocious, because, as you state, the insurers are looking to make money, lots of it. Nothing gets in the way of that more than reimbursement of the insured.

puhlease....all you'd get with your 'solution' is cut-rate insurance with more holes than swiss cheese. Even more so than at present

No third party intervention = cut-rate insurance? Because as a business, insurance companies are only out to screw you? You don't think a business would provide a competitive, valuable product without government intervention?

You see, the issue is that you don't know that you won't need coverage, you make an assumption. One accident can show the need for catastrophic coverage, one chronic illness at a young age can wipe a person out(not deemed catastrophic, just steady longterm expenses).[/

So you just demonstrated that you understand the meaning of insurance. Good on ya! It's still a long road ahead from here...

Mercy!
Barfly has hit the nail on the head.
No offense Slick, but you don't know shit about insurance.
Insurance is a "contract" with rules, definitions, it's own specific language, replete
with terms, conditions, endorsements and exclusions.
Further, if you want to make some points for your argument?
Nearly all Insurance Policies/Contracts are unilateral and or "aleatory" in regard
to bargaining for the policy/contract. Meaning, you accept what is offered or you don't. Further, meaning, no negotiation on your part.

This shit, that the "insurance companies" are out to defraud their customers is total bull shit. No insurance company wants to go to court. The why of that? Because, damn near everybody in the court room to include the Judge has insurance. Therefore, folks is a damn sight prejudiced against the insurance companies to begin with. Hence, look at the large "judgments" in the past against them.

I been gone most of the day....7 hours driving to Houston and back home. I started this thread this morning, right before I left. Slick, have you ever been wrong?
This "blind eye and a deaf ear" to common sense is bewildering.
Go fishing for awhile, you earned it. Come back.

Yeah, R_D...this time I had a snort.

[nicolas10]

...I was waiting for this old chestnut. The problem is that one has to 'credit' the fact that either metal has inherent value, which I can't. Copper or silicon would be more useful and of tangible value. You are merely assigning value to some arbitrary substance.

because it was universally accepted, hence it's credit was good, so to speak. Not true anymore.

It is still true anymore for anyone with half a brain. It is not true anymore for all those who believe the brainwashing that gold is a relic of barbarian times, that it's just a "bubble".

http://www.youtube.com/watch?v=-HaqwFJj4ZY

Anyway focusing your point on gold is rather dishonest. For all I care you could be buying silver or copper with the same effects.

Nic

[nicolas10]

another name for government intervention is REGULATION. You know, the stuff that keeps insurers from screwing you too badly with the fine print? Without serious regulation, the coverage would be atrocious, because, as you state, the insurers are looking to make money, lots of it. Nothing gets in the way of that more than reimbursement of the insured.

wake me up when they regulate banks. Or even the fed.

Nic

[nicolas10]

don't even attempt to claim Medicare. Actually, they are the most efficient payer out there, very low denial of claims, 6% of the overhead costs of the average Insurance company. They may reimburse PROVIDERS at the lowest rate, but deny FAR fewer claims.
And, that might be why Medicare for everyone, cradle to grave, is the only REAL way to keep costs down. Funny how it works everywhere else(US costs per person for healthcare-roughly twice to three times the rest of the civilized world, with worse outcomes).

Check how that works in France before claiming it works everywhere else. The "sécurité sociale" is a gaping hole.

Nic