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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (202995)	10/17/2017 11:28:00 AM
From: DeplorableIrredeemableRedneck	3 Recommendations Recommended By rayrohn Sedohr Nod TideGlider Respond to of 224748

Thinkprogress.org is fully funded by bad actor George Soros Ken is Georgie boy your new BFF?

To: Kenneth E. Phillipps who wrote (202995)	10/17/2017 1:25:21 PM
From: GUNSNGOLD	1 Recommendation Recommended By TideGlider Respond to of 224748

Kenny, Thanks for proving my point! Again, please read point 4. from your post "President Trump’s decision to cut off the cost-sharing reduction (CSR) payments insurers use to subsidize coverage" Exactly what I said, now that the Insurance Company is not receiving the receiving the subsidy they now know what the true cost of providing the coverage is and will now charge appropriately. Don't liberals ever learn, schemes don't work, but they sure "hope" so. Okay where do I start. oh- definitions. scheme a large-scale systematic plan or arrangement for attaining some particular object or putting a particular idea into effect free market an economic system in which prices are determined by unrestricted competition between privately owned businesses. 1. In the free market Insurance Companies call individuals premium payers or insureds. In a "scheme" they are called "subscribers". 2. Insurance companies aren't leaving an industry. In this context, they are leaving a "scheme". An insurance industry can only exist in a "free market. Insurance Companies can exist in a "scheme", but make no mistake the health insurance "industry" is practicaly gone. 3. Cost's are skyrocketing- or as you put it not working. Costs are skyrocketing partly because there are so few insurance companies (from the 1950-1980's there were almost 2,000 insurance companies issuing policies. But what happened from the 90's-today. Politicians decided they knew better and started issuing more and more regulations on health insurance until we have just a few companies. 4. Yes you are not "forced" to believe the numbers the insurance companies give. No, you are asked to look up the facts at your State Department of Insurance. Insurance companies have report their loss ratios and their assumptions for how much their margin is for administration. The insurance commissioners are informed of the assumptions and must approve the premiums. That is how a regulated free market works. Since we have a scheme now the companies assumptions mean nothing because the government interferes through subsidies and mandates so insurance companies can't make sound actuarial calculations. They basically have to hope that the money they collect exceeds the amount they have to pay out. See "hope" may work in politics, but not in the free market. But lets leave the facts out of the discussion, because it just feels to good! G-n-G