All politicians, local, state and federal, are more or less corrupt and equally incompetent, or they’d be employed in the private sector, which few of them ever were. But legislators with or without term limits aren’t as dangerous to our industry as self-dealing incompetent state regulators, meaning insurance commissioners. Those in the 13 states that allow them to be elected are especially bad, not that the appointed ones are much better. They just got a new one in Delaware, no education, no business experience, just lies lies lies to get into office. That’s not a good thing with so many insurers and reinsurers incorporated there. Delaware’s always been notoriously shady, but this one takes the cake. On the other hand, the bigger they think they are, the harder they fall. The one in Kansas just went to jail for a good long time. Now that’s a good thing.
The article says:
“Insurance companies are angry that we are listening to real people hurt by the company’s unfair practice, and not just their high-priced lobbyists,” said another sponsor, Rep. Mike Simpson (D-Jackson), whose family was forced into bankruptcy after fighting an insurance company to get them to live up to their promises after his daughter died from cancer.
As an insurance industry worker in health AND work comp, and as a medical analyst w/in the industry, the above is a load of hooey. When people “go bankrupt” because an insurance company wouldn’t pay for experimental procedures, that is their decision. If insurance paid for all the experimental, non peer-reviewed procedures that have ZERO efficacy established, we WOULD be broke. Not covering experimental procedures, which was likely what was denied, above, is one of the means insurance companies employ diligently to contain costs in an effort to avoid spending everyones money on unproven so-called medical practices.
Clearly BOTH sides of the story are not being told here. It is all skewed to the left, to the entitlement side of the aisle. This is probably also one arm of the democrat machine to feed into obamacare and the eventual elmination of the private health sector. God help us all.
If the insurers were doing their job correctly then there shouldn’t be a problem with the new bill. Not paying claims seems to be the best practice for insurers to generate greater profits. I believe the insurers hayday is about to come to an end for all of us nationwide.
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… and it will only get worse. two-thirds of the state Senate is term-limited out in 2010.
All politicians, local, state and federal, are more or less corrupt and equally incompetent, or they’d be employed in the private sector, which few of them ever were. But legislators with or without term limits aren’t as dangerous to our industry as self-dealing incompetent state regulators, meaning insurance commissioners. Those in the 13 states that allow them to be elected are especially bad, not that the appointed ones are much better. They just got a new one in Delaware, no education, no business experience, just lies lies lies to get into office. That’s not a good thing with so many insurers and reinsurers incorporated there. Delaware’s always been notoriously shady, but this one takes the cake. On the other hand, the bigger they think they are, the harder they fall. The one in Kansas just went to jail for a good long time. Now that’s a good thing.
The article says:
“Insurance companies are angry that we are listening to real people hurt by the company’s unfair practice, and not just their high-priced lobbyists,” said another sponsor, Rep. Mike Simpson (D-Jackson), whose family was forced into bankruptcy after fighting an insurance company to get them to live up to their promises after his daughter died from cancer.
As an insurance industry worker in health AND work comp, and as a medical analyst w/in the industry, the above is a load of hooey. When people “go bankrupt” because an insurance company wouldn’t pay for experimental procedures, that is their decision. If insurance paid for all the experimental, non peer-reviewed procedures that have ZERO efficacy established, we WOULD be broke. Not covering experimental procedures, which was likely what was denied, above, is one of the means insurance companies employ diligently to contain costs in an effort to avoid spending everyones money on unproven so-called medical practices.
Clearly BOTH sides of the story are not being told here. It is all skewed to the left, to the entitlement side of the aisle. This is probably also one arm of the democrat machine to feed into obamacare and the eventual elmination of the private health sector. God help us all.
Very well put! Applaud your post!
If the insurers were doing their job correctly then there shouldn’t be a problem with the new bill. Not paying claims seems to be the best practice for insurers to generate greater profits. I believe the insurers hayday is about to come to an end for all of us nationwide.