StockFetcher Forums · General Discussion · Insurance company rate hikes<< >>Post Follow-up
4,376 posts
msg #88399
Ignore four
2/19/2010 12:09:25 AM

Comments welcome.

-- -- --

1. Is part of the problem the lack of competition?

2. What would happen if the car insurance companies raised rates this much/this fast?

3. Your turn...

4. Your turn...

30 posts
msg #88420
Ignore bankwalker
2/19/2010 3:29:05 PM

The problem is we don't really have health insurance. We have maintenance contracts.

Insurance is for the big stuff. Maintenance contracts cover almost everything.

Imagine what your car insurance would cost if they had to cover oil changes, wiper blades, new air in tires, etc.

The health insurance companies have to cover runny noses, dandruff, bad hair days, etc.

The states control insurance companies. Most are forced to provide all services. Don't believe me? Go try to buy a policy that only covers the big stuff, high deductible, etc. It depends on what state your in, but chances are you can't get one.

Now that you are aware of these FACTS, do you still wonder why rates keep going up?

If you could provide it cheaper, then go do it.

May people spend more on junk food and entertainment evrey month that the cost of an HMO premium.

171 posts
msg #88434
Ignore drew9
2/19/2010 10:03:16 PM

You also nailed the reason on why we have high premiums! The STATES control healthcare. It is not possible to shop for a national healthcare program - unless you are a congressman then they can choose whatever plan they want! The national healthcare push by Obama still failed to address the underlying issue - lack of competition! I have worked very closely with many insurance companies personally. In most cases they happen to be the most inefficient, bloated companies I have ever encounterd. Of course being that these companies spent millions on lobbyists do you think this will get changed?

StockFetcher Forums · General Discussion · Insurance company rate hikes<< >>Post Follow-up

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