Daily News Updates - Health Insurance News

What’s all this fighting about?, Pt.8 – Obama part way, ‘steady as she goes’.

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But how to how to cover the most costly risks is a tough question and it is expensive. Fortunately, no one yet has said “No” to providing health insurance the ‘uninsurable, either. The fix is not a simple one. Also, the problem hasn’t always been as extreme as it is today. For the last 60 years, or so America was mostly oriented toward large risk-sharing pools with their predominant employer-based health insurance. These pools made it practical to offer health insurance to the ‘unfortunates. The reality is that the young and healthy are actually the same people as the older less healthy. The only difference is the period of their life they’re in. So the older and less healthy have already paid their way while they were yet young. If the young opt out now, who picks up the tab later. This is an inherent flaw with private health insurance. By carving up the risk-sharing pools, they are programmed for future failure. Their client’s are being herded to the slaughterhouse as they age. Both candidates have their work cut out.

Mr. O has been leaning toward subsidizing more expensive medical procedures to offload the brunt from the health insurance providers. He knows he is going to need support from the health insurance industry. They seem to extending a hand out for negotiations. Perhaps the only large issue is that, in order for the industry to cover the ‘uninsurable’, they require a mandate that all adults be mandated to obtain coverage. Sound a little like Hillary?

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