After being licensed to sell health insurance for 45 years,
I am totally convinced of the old saw that it is easier to con people than to
convince them that they have been conned.
The fact that America’s Health Insurance Plans assisted in the writing
of Obamacare while they funded a $83 million campaign against it through the
Chamber of Commerce assured that they couldn’t lose. When they first offered plans through the ACA
they offered much lower premiums than
were called for, to remain competitive, because they felt the Federal
Government would bail them out with the excess risk portions of the law. Now that Congress wouldn’t authorize these
funds, they decide they must raise premiums to cover the losses they knew they
were going to have without the governments help. Rather than requiring Health Insurers in
Minnesota to operate in the entire State and base their premiums on statewide
experience, or to cough up and cover the losses they knew were coming, we are
bailing them out with taxpayers funds.
We must realize that “for profit healthcare” is an oxymoron. We can have highly paid medical professionals
without paying dividends to shareholders.
With Medicare operating at 4% of premiums, the 20% that these “highly
efficient private business’s” are allowed to charge is exorbitant.
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