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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (156531)	3/7/2009 11:16:45 PM
From: geode00	Respond to of 173976

"...AMG’s Web site says the arrangement isn’t insurance, but the Insurance Department says it meets the definition: charging a regular fee to provide a benefit in case of an unforeseen event, such as an illness or injury. Insurers are required to submit to a licensing process that examines their finances and capacity to deliver what they promise. “It’s not just a technical requirement to bust his chops — it’s to protect consumers,” said Troy Oechsner, the agency’s deputy superintendent for health. “I applaud innovation, but we also have got to do it in a way that protects consumers.” ..." --------------http://www.buffalonews.com/nationalworld/state/story/597720.html It sounds like a form of limited insurance with limited coverage for a pretty hefty price. You pay and you may or may not get your money's worth. What is the difference between this and actual insurance? Why not offer the uninsured or underinsured fee for service and avoid the insurance aspect entirely? Of course, we could avoid this mess entirely by going to single payer nationalized health care.