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Tyler Said:

How long will it take for Obamacare bill to destroy all the Private Insurance Companies?

We Answered:

My guess is four years. Right around the time that the actual benefits kick in you'll see the last of the insurance companies go **** up.

Not to worry, though. There's "more legislation to come." That means that there will already be a single-payer system in place when the hundreds of thousands of people in the insurance biz lose their jobs.

Maybe it is time to revolt.

Lori Said:

How are the millions of unemployed supposed to afford Obama's mandate to buy from private insurance companies?

We Answered:

Well there was this thing called the Public Option that would have provided a much cheaper alternative...

Kenneth Said:

In terms of health care reform, why are Republicans so affected by private insurance companies?

We Answered:

Private insurance = choice.

Government-run health care = government monopoly over your health

Misty Said:

In India does it matter whether you get insured with a public or private insurance company?

We Answered:

Hi,

According to Section 64VA of Insurance Act 1938 there is a solvency margin of Rs 150 crores that needs to be submitted to the RBI under IRDA, the Insurance Regulatory and Development Authority, as safety deposit money which is kept for repayment to customers in case the company declares bankruptcy.

Also, each Insurance company is attached with a Re-Insurance company who takes up the liability of repayment to customers in case of a claim if the Insurer is unable to pay.

Considering the above 2 factors, you can completely trust all private insurers in India who are under a strict regulation of the IRDA. Hence purchasing any policy from any of the private insurers do not involve in any risks.

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Thanks
Rupanjali M

Nina Said:

Does the new healthcare reform require us to buy private insurance?

We Answered:

True. That's exactly what it says. Everyone will have health insurance, because everyone is REQUIRED TO BUY IT. And you'll have to buy it from a private company.

Lee Said:

What percentage of the Medicare budget is paid to private insurance companies for the cost of administration?

We Answered:

Medicare 4%
Private insurance 22% and climbing.

Louis Said:

What Private Insurance Company Offers The Lowest Rate In Workman's Compensation Insurance?

We Answered:

You should contact a local independent insurance agent who specializes in commercial lines. My suggestion would be an agent who represents Travelers Insurance Company. Based on the type of business you have, you should have no problem obtaining a Commercial Package policy to include coverage for your Commercial General Liability and Office Equipment. They will also include a separate policy for Workers Compensation and will even quote you an Umbrella and will set up all of these on monthly payments on account billing. The Agent that represents Travelers will also probably be able to offer you quotes with a couple of other companies but Travelers is extremely competitive and will have no problem with your type of business even though you are new.

I hope this helps. Good Luck!