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26th June 2017, 07:58 AM | #3561 |
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26th June 2017, 08:29 AM | #3562 |
Lackey
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I'm going to start a new insurance company in the USA, it's all going to be done by an app (have a fella in Thailand who can knock something up for a couple of dollars) so it will be all trendy and part of the gig-economy. There will be two price plans, the Republican! and the Republican Plus!!. The Republican! will be $150 a month, the Republican Plus!! $200 a month and it will cover you for any health care eventuality as long as you remain healthy!
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“If only it were all so simple! If only there were evil people somewhere insidiously committing evil deeds, and it were necessary only to separate them from the rest of us and destroy them. But the line dividing good and evil cuts through the heart of every human being. And who is willing to destroy a piece of his own heart?” Aleksandr Solzhenitsyn, The Gulag Archipelago |
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26th June 2017, 08:34 AM | #3563 |
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American Association of Actuaries, Society of Actuaries, Blue Cross Blue Shield Association Actuarial Committee. Suggestions included increasing the penalty for mandatory coverage, changing the subsidy to be age-adjusted to reduce the dramatic cliff experienced by older consumers when they hit 400%, changing the age scale to be 5:1 instead of 3:1 to allow for lower rates for younger people, removing the minimum FPL requirement for individual market that excluded people with incomes under 133%FPL and allow for less disruptive transitioning between Medicaid and Individual markets, revisions to the risk adjustment methodology to even out the disparate preference for older/sicker individuals over younger/healthier ones and create a more stable environment, creation of an invisible high risk pool to mitigate the impact from sicker than average new entrants, and a few others I don't recall.
That's the AAA. It encompasses almost all of the practicing actuaries in the US. |
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The distance between the linguistic dehumanization of a people and their actual suppression and extermination is not great; it is but a small step. - Haig Bosmajian |
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26th June 2017, 08:43 AM | #3564 |
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Flawed analysis. The gains aren't coming from the markets affected by ACA. United has exited several individual markets across the US, and a large number of regional and local carriers have been losing money in the individual market and exiting altogether.
It's great that this guy can look at the stock market and draw such sweeping conclusions without actually knowing anything at all about how the health insurance market functions. |
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The distance between the linguistic dehumanization of a people and their actual suppression and extermination is not great; it is but a small step. - Haig Bosmajian |
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26th June 2017, 08:46 AM | #3565 |
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"At the Supreme Court level where we work, 90 percent of any decision is emotional. The rational part of us supplies the reasons for supporting our predilections." Justice William O. Douglas "Humans aren't rational creatures but rationalizing creatures." Author Unknown |
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26th June 2017, 08:52 AM | #3566 |
Lackey
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“If only it were all so simple! If only there were evil people somewhere insidiously committing evil deeds, and it were necessary only to separate them from the rest of us and destroy them. But the line dividing good and evil cuts through the heart of every human being. And who is willing to destroy a piece of his own heart?” Aleksandr Solzhenitsyn, The Gulag Archipelago |
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26th June 2017, 09:02 AM | #3567 |
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Congress seems to have understood that the penalty for not having insurance would be more effective if it was larger. The lower penalties were part of the compromises needed to get the bill passed. As I understand it families with incomes between FPL and 133% of FPL are allowed to buy policies from the exchange. This has helped some of the working poor that live in states that rejected Medicaid expansion.
Republicans in Congress could have proposed some of these changes or done other things to fix the known problems with the ACA. But that would assume they were actually interested in anything but tax cuts for rich people and hating Obama. |
26th June 2017, 09:16 AM | #3568 |
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I think you could get buyers for that as well.
The Republican I mention says that health insurance should only be for those who have healthy lifestyles. And that if people would just eat right, most of it would be unnecessary. This is the same guy who says that the solution to poverty in America is to sterilize the poor, so that they can't have children. He also says there aren't many actually poor people in America. If a family can afford to have air-conditioning, they aren't really poor. [This is Arizona.] Yesterday we saw a homeless woman begging on the street, L told me right away that she was a fraud. She had a bicycle. He declared that if she could afford to have a bicycle, she wasn't really poor but just a lazy bum. Yes. people like him are game for your plan. |
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"At the Supreme Court level where we work, 90 percent of any decision is emotional. The rational part of us supplies the reasons for supporting our predilections." Justice William O. Douglas "Humans aren't rational creatures but rationalizing creatures." Author Unknown |
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26th June 2017, 09:20 AM | #3569 |
Penultimate Amazing
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You're kidding, right? Their goal is to reduce taxes. They are against the basic idea of providing government services, and they will cut as much as they can wherever they can. Ryan wants to cut Medicare and Social Security, which have long been considered practically sacrosanct.
And if poor whites get hurt, they will blame blacks, immigrants, "welfare," "foreign aid," etc., never Trump or the Repubs. |
26th June 2017, 09:24 AM | #3570 |
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26th June 2017, 12:32 PM | #3571 |
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I’m also not clear on implementation. When does the waiting period start? If you don’t have insurance for 2 years does that count as the waiting period, if so I don’t see how it helps solve the problem of people not buying insurance until they are already sick.
Is it a case of you having to buy insurance but not be eligible to avail yourself of it for 6 months? That could be more helpful, or maybe not if it means your condition advances and becomes more expensive to treat while you sit on an un-triaged waiting list. Also, how much does requiring people to pay for insurance they are not allowed to use different than a tax on people who opt out of insurance? |
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"Anything's possible, but only a few things actually happen" |
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26th June 2017, 12:36 PM | #3572 |
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I've always believed that cluelessness evolved as an adaptation to allow the truly appalling to live with themselves. - G. B. Trudeau A person is smart. People are dumb, panicky dangerous animals and you know it. - Kay, Men in Black. Enjoy every sandwich. - Warren Zevon |
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26th June 2017, 12:40 PM | #3573 |
Penultimate Amazing
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The wording for the amendment hasn't been released yet that I can find. It sounds like it starts when you start looking for insurance. Something along the lines of, "Insurers can impose a six-month waiting period on those who cannot demonstrate 12 months of continuous creditable coverage."
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26th June 2017, 01:16 PM | #3574 |
Penultimate Amazing
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AKA the Principle-Agent problem.
https://en.wikipedia.org/wiki/Princi...3agent_problem People who actually controlee corporations are not, ultimately, motivated by the long term best interest of the company but by their own best interests which are invariably driven by short term incentives. CEO’s can make a lot of money by doing things that have short term benefits but cost the company enormously in the long run. E.g. many of the problems IBM is suffering from came about exactly this way. https://www.forbes.com/sites/stevede.../#62182f993e48 |
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26th June 2017, 01:29 PM | #3575 |
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How can that be a problem? It's a core principle of Capitalism!
Corporations only exist so that those who run them can make money. If that goal is met by destroying the corporation then it has served its purpose. And healthy Capitalism requires that poorly performing businesses fail. That's why we like it! |
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26th June 2017, 01:53 PM | #3576 |
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It's a poor sort of memory that only works backward - Lewis Carroll (1832-1898) God can make a cow out of a tree, but has He ever done so? Therefore show some reason why a thing is so, or cease to hold that it is so - William of Conches, c1150 |
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26th June 2017, 01:59 PM | #3577 |
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It's a poor sort of memory that only works backward - Lewis Carroll (1832-1898) God can make a cow out of a tree, but has He ever done so? Therefore show some reason why a thing is so, or cease to hold that it is so - William of Conches, c1150 |
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26th June 2017, 02:15 PM | #3578 |
Winking at the Moon
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