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Politics : A US National Health Care System?
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To: Lane3 who wrote (14354)3/11/2010 6:55:07 AM
From: Road Walker  Read Replies (2) of 42652
 
What we have in the pending legislation is a prepaid health care model as above. Except there is no longer any underwriting. Mandated community rating and guaranteed issue effectively obviate the practice of underwriting. So we have "insurance" companies that no longer underwrite risk and policies that cover the equivalent of oil changes. That isn't insurance any more. It has lost the fundamental functionality that defines the concept of insurance. We really should quit using that word for it. It's become a misnomer and it clouds the paradigm changes being made.

This isn't much different than the current employer provided insurance benefit, which is the bulk of health insurance policies in the country. The only real underwriting being done is the minority that is forced to buy insurance independently.
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