Rep. Jan Schakowsky (D-IL) Admits Obama Healthcare Plan Will Destroy Insurance Industry

[Mr. Big Dog 10,747]

** the insurance companies. They suck 12K a year for our family of three from my employer and I and provide ####### in return. ** them!

[Pinocchio Liberal 268]

** the insurance companies. They suck 12K a year for our family of three from my employer and I and provide ####### in return. ** them!

Because your insurance sucks we must all change? WOW! Get a different job then!

[Mr. Big Dog 10,747]

** the insurance companies. They suck 12K a year for our family of three from my employer and I and provide ####### in return. ** them!

Because your insurance sucks we must all change? WOW! Get a different job then!

Do you even know what your insurance costs?

[Pinocchio Liberal 268]

** the insurance companies. They suck 12K a year for our family of three from my employer and I and provide ####### in return. ** them!

Because your insurance sucks we must all change? WOW! Get a different job then!

Do you even know what your insurance costs?

Yep! family of 5 360 a month. It is awsome! My company even covers **. relationships.

[w¡n9Nµ7 §£@¥€r 123]

I have very mixed feelings about this.

First, conceptually, I have a problem with the very concept. Insurance is meant to pool risk. Not everyone in the 0-40 age group will have a serious health problem requiring hospitalization. That's a good 'opportunity' for insurance. Everyone pays in, some have to be covered. Everyone wins.

However, what about regular health check ups? Everyone should be getting those. That's not a risk. Why do we use insurance to cover those costs? Makes no sense. There's a lot like that. Lots of things that can't really be called 'risks' because everyone (or most) will need them. It really does strike me as a misuse of insurance.

Car insurance works much better, because it adheres to fundamental insurance principles. Is regular maintenance covered? No. What is? Accidents are.

Health insurance should work the same would. Use insurance for what insurance is meant for, and I think we'll all find it all works so much better.

But that's all conceptual. How has my insurance been in practice? It's been ok. Not great but ok. I've had a close-up glimpse into how an HMO handles a lengthy hospitalization and I'm not too thrilled, but not devastated either. They're not paying for things I think they should (like a 2nd opinion before a life-or-death decision) but they are paying for plenty of other things....

** the insurance companies. They suck 12K a year for our family of three from my employer and I and provide ####### in return. ** them!

Because your insurance sucks we must all change? WOW! Get a different job then!

Do you even know what your insurance costs?

Yep! family of 5 360 a month. It is awsome! My company even covers **. relationships.

$360/month for a family of 5 is most likely your payroll deduction, not the total cost of the policy. The total cost will include the employer contribution as well.

[I AM NOT THAT GUY 5,715]

I have very mixed feelings about this.

First, conceptually, I have a problem with the very concept. Insurance is meant to pool risk. Not everyone in the 0-40 age group will have a serious health problem requiring hospitalization. That's a good 'opportunity' for insurance. Everyone pays in, some have to be covered. Everyone wins.

However, what about regular health check ups? Everyone should be getting those. That's not a risk. Why do we use insurance to cover those costs? Makes no sense. There's a lot like that. Lots of things that can't really be called 'risks' because everyone (or most) will need them. It really does strike me as a misuse of insurance.

Car insurance works much better, because it adheres to fundamental insurance principles. Is regular maintenance covered? No. What is? Accidents are.

Health insurance should work the same would. Use insurance for what insurance is meant for, and I think we'll all find it all works so much better.

But that's all conceptual. How has my insurance been in practice? It's been ok. Not great but ok. I've had a close-up glimpse into how an HMO handles a lengthy hospitalization and I'm not too thrilled, but not devastated either. They're not paying for things I think they should (like a 2nd opinion before a life-or-death decision) but they are paying for plenty of other things....

The problem with the car insurance analogy, is that your can reduce your risk, by your behaviour, and therefore, reduce the amount you pay for your policy. Also, insurance is mainly a liability thing, in at least this state, where you must carry liability insurance to legally drive, or to secure a car loan.

Healthcare is more of a maintenance issue. If you do not maintain your health, you die.

[w¡n9Nµ7 §£@¥€r 123]

Healthcare is more of a maintenance issue. If you do not maintain your health, you die.

You die either way, actually.

Thing is, you can maintain your health and still have a serious problem. That's precisely the kind of risk insurance should be used for.

[Pinocchio Liberal 268]

I have very mixed feelings about this.

First, conceptually, I have a problem with the very concept. Insurance is meant to pool risk. Not everyone in the 0-40 age group will have a serious health problem requiring hospitalization. That's a good 'opportunity' for insurance. Everyone pays in, some have to be covered. Everyone wins.

However, what about regular health check ups? Everyone should be getting those. That's not a risk. Why do we use insurance to cover those costs? Makes no sense. There's a lot like that. Lots of things that can't really be called 'risks' because everyone (or most) will need them. It really does strike me as a misuse of insurance.

Car insurance works much better, because it adheres to fundamental insurance principles. Is regular maintenance covered? No. What is? Accidents are.

Health insurance should work the same would. Use insurance for what insurance is meant for, and I think we'll all find it all works so much better.

But that's all conceptual. How has my insurance been in practice? It's been ok. Not great but ok. I've had a close-up glimpse into how an HMO handles a lengthy hospitalization and I'm not too thrilled, but not devastated either. They're not paying for things I think they should (like a 2nd opinion before a life-or-death decision) but they are paying for plenty of other things....

** the insurance companies. They suck 12K a year for our family of three from my employer and I and provide ####### in return. ** them!

Because your insurance sucks we must all change? WOW! Get a different job then!

Do you even know what your insurance costs?

Yep! family of 5 360 a month. It is awsome! My company even covers **. relationships.

$360/month for a family of 5 is most likely your payroll deduction, not the total cost of the policy. The total cost will include the employer contribution as well.

Okay add in the employer contribution, lets say double it. Lets see 600 a month times 300 million equals 1.6 trillion? Lets go fur it. Medicare is already a disaster and buyin this BS is total foolishness.

[w¡n9Nµ7 §£@¥€r 123]

Okay add in the employer contribution, lets say double it. Lets see 600 a month times 300 million equals 1.6 trillion? Lets go fur it. Medicare is already a disaster and buyin this BS is total foolishness.

Quadruple it, Marc. That's the industry average. 25% employee, 75% employer.

As for Medicare, they've come through like a champ for us. Plan A covered a lot of the ish Aetna would not. No one wants to pay for the 2nd opinion though. It's mind boggling.

Edited May 5, 2009 by Randomizer

[one...two...tree 2,762]

I have very mixed feelings about this.

First, conceptually, I have a problem with the very concept. Insurance is meant to pool risk. Not everyone in the 0-40 age group will have a serious health problem requiring hospitalization. That's a good 'opportunity' for insurance. Everyone pays in, some have to be covered. Everyone wins.

However, what about regular health check ups? Everyone should be getting those. That's not a risk. Why do we use insurance to cover those costs? Makes no sense. There's a lot like that. Lots of things that can't really be called 'risks' because everyone (or most) will need them. It really does strike me as a misuse of insurance.

Car insurance works much better, because it adheres to fundamental insurance principles. Is regular maintenance covered? No. What is? Accidents are.

Health insurance should work the same would. Use insurance for what insurance is meant for, and I think we'll all find it all works so much better.

Good point.

[Marilyn. 340]

I know with our health insurance the employer contribution is about triple what we pay a month...

we do have good insurance though.. not complaining a bit..

we have a PPO plan so we basically can go wherever we want as long as they take our insurance..

[w¡n9Nµ7 §£@¥€r 123]

I know with our health insurance the employer contribution is about triple what we pay a month...

we do have good insurance though.. not complaining a bit..

we have a PPO plan so we basically can go wherever we want as long as they take our insurance..

Some PPO plans aren't so good when you're hospitalized for a lengthy period of time. Those 10% or 20%'s can add up to a lot.

[Pinocchio Liberal 268]

Okay add in the employer contribution, lets say double it. Lets see 600 a month times 300 million equals 1.6 trillion? Lets go fur it. Medicare is already a disaster and buyin this BS is total foolishness.

Quadruple it, Marc. That's the industry average. 25% employee, 75% employer.

As for Medicare, they've come through like a champ for us. Plan A covered a lot of the ish Aetna would not. No one wants to pay for the 2nd opinion though. It's mind boggling.

Just imagine them comin through for everyone? CHA-CHING! They be rollin right up on that paycheck of yours.

Edited May 5, 2009 by ={Rogue}=

[w¡n9Nµ7 §£@¥€r 123]

Okay add in the employer contribution, lets say double it. Lets see 600 a month times 300 million equals 1.6 trillion? Lets go fur it. Medicare is already a disaster and buyin this BS is total foolishness.

Quadruple it, Marc. That's the industry average. 25% employee, 75% employer.

As for Medicare, they've come through like a champ for us. Plan A covered a lot of the ish Aetna would not. No one wants to pay for the 2nd opinion though. It's mind boggling.

Just imagine them comin through for everyone? CHA-CHING!

Imagine? They do. Every day.

[Marilyn. 340]

I know with our health insurance the employer contribution is about triple what we pay a month...

we do have good insurance though.. not complaining a bit..

we have a PPO plan so we basically can go wherever we want as long as they take our insurance..

Some PPO plans aren't so good when you're hospitalized for a lengthy period of time. Those 10% or 20%'s can add up to a lot.

yeah I know, we have experienced that....

our plan used to cover everything 100 percent but they lowered it to 90% a few years ago.. (just for hospital stays and ER visits, everything else is still 100 percent after co-pays)