Time for Health Insurance Reform

I am so frustrated I could spit!

At my company, we are going through our annual health insurance renewal process.  Our health insurance company (who shall remain unnamed to protect the guilty) raised our costs by 28%.  It should be noted that their original proposal was for a 33% increase and they “kindly” reduced it to 28%.

In my opinion, that is outrageous.  No other costs are increasing at that rate.  It is an extreme hardship on our staff and a boat anchor for our business.  We will never be able to get the economy going again if businesses across the US are forced to increase their health insurance costs by 28% a year.

My company essentially split the cost with our staff by absorbing a 14% increase in the premiums and passing on the additional cost to the heaviest users in the form of higher deductibles.  The only winner here is the insurance company.

Here is an article from the Atlanta Journal Constitution on the same topic.

The system is broken and it needs to be fixed.  I don’t know if the health insurance legislation that is stalled in Congress is the answer, but I do know that they need to do something – and do it soon.  The Republican approach of denying and delaying is absolutely unconscionable.

5 Comments so far

  1. Dyck Dewid (unregistered) on February 19th, 2010 @ 9:58 pm

    My suggestion is that we stop depending on the foxes in congress who are guarding the chicken house and start taking matters into our hands. You can design health care around elements of the patient taking responsibility for themselves and their preventions and treatments. It’s worth reading about Participative Medicine http://bit.ly/ag3YGf There are some pretty reputable people advocating for this (if one cannot discern for themselves).

    Couple the idea of patient participation with the many old time and valid alternative care solutions that more sanely look at the whole person instead of the current system. Remember that the benefactors of our current system will debunk this. We must be able to think for ourselves… or we’ll be relegated to what we have now.

    My blog is Healthcare Hurts http://bit.ly/6wlIcp and I don’t claim to know everything. But, I know a little and am learning and can reduce or distill simple equations. Lots of luck!!!!

  2. William Hammett (unregistered) on February 27th, 2010 @ 11:39 pm

    Millions of currently insured individuals will cancel their policies when risk is removed from the equation.

    If I can buy insurance after I get sick, why would I pay premiums to protect myself against this risk? The so-called “mandate” will not stop this from happening as the penalty is not more than 15% of what most annual premiums cost.

    If, as I surmise, millions of health insured’s drop their coverage, the only ones left are those with current health issues, who need insurance to leverage their “nickels into dollars”. How long will insurance companies remain interested in a line of business that collects a dollar and pays out two?

    When you remove risk from insurance, it becomes dollar trading and no longer makes sense to anyone in the private sector. It may survive, but only with massive amounts of public (tax) funding to offset losses.

    I suggest that this is the “Trojan horse” that ushers in a government run single payer system and it is the intention of those who would like to see this happen, that the “reforms” they propose will fail as they must, resulting in the real goal of government run health insurance to take place.

  3. Dan Goldstein (unregistered) on February 28th, 2010 @ 12:45 pm

    Bill – you may be right. The penalty in the current legislation is only a fraction of the cost of health insurance. Maybe that blows up the whole system and leads to single payer.

    However, I don’t think that single payer is a bad thing. Our insurance system is screwed up. Maybe we should tear it up and start over. I realize that isn’t good for the health insurance companies, but it would be great for the rest of us to get rid of the current employer based health insurance system where the only winner is the insurance industry.

  4. Bill (unregistered) on February 28th, 2010 @ 1:26 pm

    We may differ on the benefits of single payer, my point was that this is a charade and cynical in it’s back door approach to the original goal of government takeover of healthcare. I would at least respect them for their honesty, this is just a head fake in hopes that nobody is looking.

  5. Brian (unregistered) on March 16th, 2010 @ 12:29 am

    I am 28years old. I am a pulmonary care practitioner, I am married woth no kids, I volunteer for the Denver museum of nature and science, and I will he dead before I am 55. My life is more than half over. You see, I developed lupus arthritis when I was in college. I couldn’t afford health insurance if coarse while paying for tuition. That’s a “pre existing condition” for anyone keeping track. Also known as a death sentence for me. It has since gone systemic and is destroying my kidneys. All of my $ pays for medical bills, but it’s not enough. Soon, I will die crippled, poor, broken, and in pain. Unless of coarse the evil “Obama care” passes and we all are transformed into communists. In which case, forget what I just told you.

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