Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (211882)	7/22/2009 11:23:42 PM
From: Skeeter Bug	Read Replies (2) \| Respond to of 306849

>>It still Does Not Address the COST ... of Hospitals .. Doctors .. Drugs .. Therapy .. Nursing Homes ... Litigious Tort Ambulance Chasers .. << neither does this plan!

To: Galirayo who wrote (211882)	7/23/2009 12:20:28 AM
From: rich evans	Read Replies (4) \| Respond to of 306849

The market place would solve the cost problem. Actually , It already has. Catastrophic insurance policies have something called PNR which is prenegotiated rates. So I got a bill for 45000 dollars. The insurance company paid 15000 and I paid my share which was 1500. PNR is about 30% of the billed rate. That is why you need insurance to make sure you get the PNR. The PNR is similar to Medicare reimbursement. Health care is not inefficient or too costly. Go to an office or hospital and watch them run. We would need several catastophic policies to cover different situations as to age, pregnancy, with options for mental health etc. But this is standard today. But leave it to the consumer and take it away from corporations etc. You choose your own auto policy, fire policy etc. Why not health. You pay for your food, shelter, clothing , transportation etc. Why not health? Then insure against catastrophes, just like auto, house, job loss, death etc. One word will do it. Rich

To: Galirayo who wrote (211882)	7/23/2009 12:42:53 AM
From: John Chen	Respond to of 306849

" Next in line is the Insurance Co's " Here is one "popularly promoted product" : can't lose indexed annuity, it only goes up with the market, but won't lose if market goes down. One minor detail wasn't pointed out, there is cap on gain each month, and there is no cap on lost each month. Assume there is 2.5% on gain cap, one scenario (quite common in volatile market today ), the house (insurance company) take in 21.% gain, but the annuity owner still lose 2.5%, but you won't lose any, so you can a BIG FAT 0% return, while the house (insurance company) get 21%. Life is good. AWESOME.