Don't Blame Me, I Voted For Kerry Message Board

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Politics : Don't Blame Me, I Voted For Kerry

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To: Amy J who wrote (53447)	10/18/2004 12:34:19 PM
From: cirrus	Read Replies (3) of 81568

Amy... Insurance companies are generally regulated by the states, not the federal govt. While legislation could be enacted to require insurance companies to accept all individuals, what happens if too many sick people apply to the same company? It would need to raise rates to cover the costs or go bankrupt. Kerry's plan essentially would do two things: First, the federal gov't would cover catastrophic costs, the kinds of things that really kill insurance companies. In effect, the federal govt would act like a Lloyds of London, an insurer of the insurers. That should reduce premiums about 10 - 15%. The second is that the 47 million uninsured would be treated as a "group" and permitted to apply for the same coverage obtained privately (via many different companies) by federal workers. It's not a federal program. The only thing changing is that if a company wants to do business with federal employees, it has to offer you, a private individual, the same plan at the same rates as it offers your congressman and other federal employees. The nuts and bolts need to be worked out, but it's nothing like the current convoluted flowchart propaganda being broadcast by the Bush campaign.

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