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Wanda Said:

Why has no nation on Earth ever had a successful private, for-profit, universal health insurance system?

We Answered:

As you say, it is because of the unique situation regarding health care. In the United State between the health insurance industry, the pharmaceutical industry, and the food industry there seems to be three-headed monster that has a goal to keep the populous in ill-health. The result is that we have a health care system that is more reactive to sickness rather than proactive in promoting wellness (which would mean a whole lot less profit for all three of those industries).

And to your answer . . . very well thought out. I am indeed in favor of a sinlge payer VA-like system.

Grace Said:

Do You think "Lowering our Insurance Rates" is an attainable Goal?

We Answered:

No, they won't.

What happens to insurers when they get pressure from states to lower (or not raise) insurance rates is that they usually will go along with it for a while and when they realize they are either losing money or not making their financial goals....they will begin to not sell anymore insurance policies in that state.

When companies start to leave the market....usually the lower cost companies go first.....which means that the fewer competitors left all have higher prices....

So, in effect, for those who were with a lower cost competitor which is now gone....the only choice left is higher cost companies.

So consumers who were with a cheaper company now get a big increase in premium costs.....exactly opposite what the politicians said they'd do.

As more and more insurers leave the market....there becomes a shortage of insurance (called a 'hard' market).....if the market gets too hard....states are forced to allow 'excess and surplus lines' carriers in to fill the void.

A well known E&S entity is the Lloyd's of London Syndicate.

The problem with those lines of insurance are that because they are 'excess and surplus' lines carriers, they are not state regulated and therefore the state can't regulate their rates.

So do you think those rates are any lower than what the state had before? Nope...the E&S rates are really high.

And sometimes when the E&S carriers won't take on the risk....the state will have to form its own risk pool to self insure the rest of the market....

Which means taxpayers end up paying out the claims.....so the politician may have kept premiums down but what happens when claims go up in the state pool......you guessed it taxes have to go up to pay for it.

What's a better system?

Well, competition has proven over and over again to lead to better products and better prices....

A better solution for lower premium rates is actually less rate regulation....not more.

Ruby Said:

If Dem. health bill passes, can you afford 13% insurance premium without losing your house? car?

We Answered:

Of course not. With our property taxes sky rocketing to pay for the worthless public school system, and the states taxing and spending like drunken fools, this will sink the average American and destroy the economy. And that is precisely what the Marxists wish to do. This has nothing to do with health care. It is about forcing the American people to accept Communism in return for our Liberty.

Lillie Said:

Why would my finance company want me to "escrow" my taxes and homeowners insurance, when I have always paid it?

We Answered:

Well, they usually don't change their mind, it's usually a term and/or condition of a NEW loan, and they usually DON"T make you escrow, unless you have less than 20% equity in the property. They do that, because they want to make sure that the property taxes and insurance get paid every year.

When you close, you will have to PREPAY 12 months of insurance. You will need to have a paid receipt. So if you only have two months left, you'll have to prepay the renewal, instead.

You do not pay interest on escrowed funds.

Alexander Said:

Exactly what value do private insurance companies add to our health care system?

We Answered:

The insurance companies definitely add something to the cost of health care but do you think that government bureaucracy will lower the administrative costs? Name any program that is administered by the government that costs less than privately run organizations. I think health care is too important to allow the government to screw it up.

Peggy Said:

If an insurance company collects unpaid premiums after an accident is the insurance company still obligated?

We Answered:

If you paid the premiums through the agent, the company should cover you. If you didn't pay them and somebody screwed up, you need to figure out who because they have caused you damage.