Posts tagged insurance
Why Obamacare Will Motivate Millions Of Americans To Make Less Money And Get Divorced
Did you know that Obamacare contains huge incentives that will actually motivate people to try to reduce their incomes? It’s true. Under Obamacare, making less money can pay off big time. As you will see below, reducing your income by just $1,000 could get you an Obamacare subsidy worth over $14,000. Who wouldn’t want to make that trade? And guess what? Obamacare also makes divorce highly profitable for millions of American couples. In fact, there are some U.S. couples that are already considering divorce due to the provisions contained in the new health care law. Of course those couples still plan to live together – they just want to get divorced so that they can save thousands of dollars on their health care expenses. Yes, I know that sounds absolutely crazy. But this is actually happening. The truth is that Obamacare is turning out to be a much larger disaster than anyone anticipated, and it seems like new “surprises” just keep popping up with each passing day.
The figures that you are about to see were calculated using the Kaiser Family Foundation subsidy calculator. These numbers apply to a husband and a wife that are both 62 years old.
A non-smoking, married couple living in San Francisco, California earning $63,000 a year will have to pay $20,318 a year for a silver plan under Obamacare and $12,647 a year for a bronze plan.
At $63,000, that couple would be making too much money to be eligible for a subsidy, so that couple will have to pay the total cost of whatever plan they choose by themselves.
But if that couple only made $62,000 a year, things would dramatically change.
The plans would still cost the same, but the couple would now be eligible for an Obamacare subsidy of $14,428.
So a silver plan would end up costing them only $5,890, and they would ultimately pay nothing for a bronze plan.
In other words, by reducing their income by $1,000, that couple would save $14,428 if they got a silver plan or they would save $12,647 if they got a bronze plan.
Isn’t that bizarre?
And as I mentioned above, Obamacare also contains a huge incentive to get divorced. In fact, according to a recent Breitbart article some couples are already considering doing this…
Nona Willis-Aronoqitz, 29, and Aaron Cassara, 32, are full-time freelancers and earn more than $62,000 a year, which means they do not qualify for the subsidies under Obamacare. The couple realized, however, they would be able to afford the plans if they divorce.
Not only that, two single people living together can actually make far more than $62,000 a year and still be eligible for large Obamacare subsidies. This was explained in a recent article posted on the website of The Atlantic…
Any married couple that earns more than 400 percent of the federal poverty level—that is $62,040—for a family of two earns too much for subsidies under Obamacare. “If you’re over 400 percent of poverty, you’re never eligible for premium” support, explains Gary Claxton, director of the Health Care Marketplace Project at the Kaiser Family Foundation.
But if that same couple lived together unmarried, they could earn up to $45,960 each—$91,920 total—and still be eligible for subsidies through the exchanges in New York state, where insurance is comparatively expensive and the state exchange was set up in such a way as to not provide lower rates for younger people.
So Obamacare is going to motivate millions of Americans to make less money and get divorced.
What a wonderful law.
Meanwhile, millions of Americans are having their existing health care policies taken away from them even though Obama repeatedly promised us that this would never happen…
According to one analysis, 52 million Americans could lose their current health plans by the time this is all over…
Yet advisers did say in 2010 that there were large caveats and that anyone whose insurance plan changed would lose the promised protection of being able to keep existing plans. And a report in 2010 said that as many as 69 percent of certain employer-based insurance plans would lose that protection, meaning as many as 41 million people could lose their plans even if they wanted to keep them and would be forced into other plans. Another 11 million who bought their own insurance also could lose their plans. Combined, as many as 52 million Americans could lose or have lost old insurance plans.
Another analysis conducted by Forbes projects that 93 million Americans will ultimately lose their health insurance policies.
In any event, hopefully everyone can agree that this is a complete and total nightmare.
And as Americans are losing their current health insurance policies, they are being told that their new policies will be much more expensive.
For example, it is being estimated that health insurance premiums for healthy 30-year-old men will rise by an average of 260 percent.
But some families are being hit much harder than that.
Obamacare is named the “Affordable Care Act,” after all, and the President promised the rates would be “as low as a phone bill.” But I just received a confirmed letter from a friend in Texas showing a 539% rate increase on an existing policy that’s been in good standing for years.
As the letter reveals (see below), the cost for this couple’s policy under Humana is increasing from $212.10 per month to $1,356.60 per month. This is for a couple in good health whose combined income is less than $70K — a middle-class family, in other words.
Could you afford that kind of an increase?
All of these problems are even causing large numbers of Obama supporters to turn on Obamacare…
Obama supporters on the West Coast are experiencing similar surprises. In San Francisco, husband and wife Lee Hammack and JoEllen Brothers, who describe themselves as “cradle Democrats,” were alarmed when they received their insurance cancelation notice informing them that their previous $550 monthly premium would now be almost $1,300, their deductible would be higher, they would pay higher hospital costs, and their out-of-pocket maximum would increase.
And of course the technical problems that are plaguing the Obamacare health insurance exchanges continue.
For instance, Oregon’s health care exchange has not enrolled a single person yet.
In North Carolina, we find a similar situation…
In fact, only one person was able to successfully use Healthcare.gov to enroll in the new exchange.
But even that single person has not paid, which means the enrollment is not complete.
In Washington D.C., things are much better. Five people in D.C. have been able to successfully enroll in Obamacare at this point.
Down in Florida, one man spent an entire month unsuccessfully trying to navigate Healthcare.gov…
Since Oct. 2, Miami resident Nick Athanassiadis has spent several hours a day—nearly every day—on the Internet repeatedly trying to create an account on the federal Obamacare marketplace to see if insurance plans being sold there might be less expensive than his current coverage.
But despite having a long background in digital and software companies, Athanassiadis was repeatedly thwarted by a head-spinning series of glitches, system outages, blank screens, error messages, broken or nonexistent Web links and other hurdles on the HealthCare.gov site that kept his goal out of reach for weeks.
And even when he finally—finally—reached that goal, he didn’t like what he saw.
This has got to be the most disastrous launch of a major national law in U.S. history.
So what do you think about Obamacare so far?
Image credit: http://thetruthwins.com
Judge Napolitano: Obama’s health care lies are much worse that Nixon’s or Clinton’s lies (Video)
The President was either flat out ignorant of how the new health care program would impact people’s insurance premiums, or he flat out lied over and over to the American people. Take your pick. There aren’t too many other possibilities, and it’s hard to figure which is worse.
I take that back. Calculated deception is worse that bone headed ignorance. And I don’t think ignorance is what were are dealing with here.
The President knew that Obamacare would be repealed if the American people knew they were going to lose their health coverage and that premiums would skyrocket. Sebelius knew this. The whole White House team knew. Pelosi knew. A good part of the media knew.
But Obamacare was such an opportunity for the government to take over a large swathe of the economy (in partnership with the large health insurance companies – at least initially) that the president’s crew in the White House and beyond felt,”The truth be damned. One way or another, we are doing this.”
At least that’s what I think they probably thought.
The ends justify the means. “One has to break a a few eggs to make an omelet.” Lie. Cheat. Steal. All in the name of “social justice.”
And the games, apologies, lies and misinformation continue. Alright, maybe there is just a “typo” on the official website, hmm, maybe not.
Here is the Whitehouse.gov website with the written information:
It appears, someone didn’t get the memo at the Whitehouse government website about changing the story on individual insurance that Obama is now denying he said. Obama is trying to say he always meant “If your insurance hasn’t changed, you can keep it” from carte blanc keeping it if you like it since 2009. So.. the written lies PROVE how the President has lied directly to the public’s face over and over again.
Title I. Quality, Affordable Health Care for All Americans
If You Like the Insurance You Have, Keep It:
Nothing in the proposal forces anyone to change the insurance they have. Period.
Besides Obama lying since Obamacare passed, he has the official Whitehouse government site lying about health insurance plans as people are getting them cancelled by the companies.
Obviously besides not trusting what comes out of a government official’s mouth we can’t trust what is written either.
But as I mentioned earlier, maybe a typo(s) on the web site? So what is the official position? Let’s go to the source in a video shared by Robert Wenzel at the Economic Policy Journal, which explains…
Chalk up just one more lie in the administration of Hope & Change with a focus on Transparency. Oops, another non-truth.
By Tyler Durden
Fact Or Fiction: New, Improved Obamacare Program Released On 35 Floppy Disks
Responding to widespread criticism regarding its health care website, the federal government today unveiled its new, improved Obamacare program, which allows Americans to purchase health insurance after installing a software bundle contained on 35 floppy disks.
“I have heard the complaints about the existing website, and I can assure you that with this revised system, finding the right health care option for you and your family is as easy as loading 35 floppy disks sequentially into your disk drive and following the onscreen prompts,” President Obama told reporters this morning, explaining that the nearly three dozen 3.5-inch diskettes contain all the data needed for individuals to enroll in the Health Insurance Marketplace, while noting that the updated Obamacare software is mouse-compatible and requires a 386 Pentium processor with at least 8 MB of system RAM to function properly.
“Just fire up MS-DOS, enter ‘A:\>dir *.exe’ into the command line, and then follow the instructions to install the Obamacare batch files—it should only take four or five hours at the most. You can press F1 for help if you run into any problems. And be sure your monitor’s screen resolution is at 320 x 200 or it might not display properly.”
Obama added that the federal government hopes to have a six–CD-ROM version of the program available by 2016.
Reports of Obamacare fraud emerge in Tennessee
NASHVILLE — Scam artists have seemingly found a friend in Obamacare.
Reports are emerging that shysters are using Tennessee residents’ relative lack of knowledge about the new health care law to defraud them.
Scam artists, for example, are making calls claiming they need Social Security numbers to sign people up for a new Obamacare insurance card, according to a statement from the Tennessee Department of Commerce and Insurance.
“We’ve been made aware of one scam, in particular,” said TDCI spokeswoman Kate Abernathy.
“One of our navigator agencies let us know that there was an individual calling people saying that he or she could have walked him through the application process for $100 for a navigator certified application counselor service, but that information is completely incorrect. That is a free service that is supposed to remain free.”
The federal government, along with the National Association of Insurance Commissioners, began sending out advisories against possible fraud related to Obamacare many months ago, Abernathy said.
“There are scammers out there who are calling around and saying ‘All right we need your Medicare number. We need to update your profile.’ A Medicare beneficiary can hand over that information without thinking about it — and they’ve just given a criminal their Social Security number,” Abernathy said.
As previously reported, TDCI implemented registration requirements and criminal background checks on people who serve as Obamacare navigators or certified Obamacare application counselors in Tennessee.
Such people are responsible for handling the financial or medical information belonging to other individuals.
Strangely, last month, mainstream media outlets such as the Washington Post seemed to condemn Tennessee and other states for implementing these policies, saying they were getting in the way of progress.
“There is a very palpable concern . . . that anti-Obamacare state government people will find ways to gum up the works,” the Post quoted Leonardo Cuello, director of health reform for the National Health Law Program, as saying.
Despite the ruling, Abernathy said anyone who handles another person’s personal financial or medical information is still subject to the regulations.
Contact Christopher Butler at firstname.lastname@example.org.
Image credit: http://tennessee.watchdog.org
Meet the Disability-Industrial-Complex: Up to 45% on Disability Insurance are Frauds
If the American public knew what was going on in our system, half would be outraged and the other half would apply for benefits.
- Marilyn Zahm, one of the 1,500 disability judges operating in the U.S.
I’ve known about the “disability” scam for many years now, but I had never read a report that details the racket until I checked out the following from CBS’ 60 Minutes. As usual, the real money being made in the whole scheme is not centered around the people collecting the checks, but rather attorneys, doctors and even judges who grease the wheels of the $135 billion “disability-industrial-complex.”
For example, in the economically depressed border area of Kentucky and West Virginia we find 10%-15% of the population on disability, or three times the national average. The regional disability racket is essentially run by attorney Eric Conn, who’s clients for disability enjoy a 100% success rate thanks to Mr. Conn’s relationship with doctors and a local judge named David Daugherty.
Here are just a couple of examples of how Mr. Conn uses his advertising budget:
Senator Tom Coburn explains to CBS’ 60 Minutes that:
Coburn says the report — to be released tomorrow — will show that Conn collected more than $13 million in legal fees from the federal government over the past six years and that he paid five doctors roughly $2 million to regularly sign off on bogus medical forms that had been manufactured and filled out ahead of time by Conn’s staff.
Just another scam from a scam economy. More from 60 minutes:
The hearing involves the Federal Disability Insurance Program, which could become the first government benefits program to run out of money. When it began back in the 1950s it was envisioned as a small program to assist people who were unable to work because of illness or injury.
Today, it serves nearly 12 million people — up 20 percent in the last six years — and has a budget of $135 billion. That’s more than the government spent last year on the Department of Homeland Security, the Justice Department, and the Labor Department combined. It’s been called a “secret welfare system” with it’s own “disability industrial complex,” a system ravaged by waste and fraud. A lot of people want to know what’s going on. Especially Sen. Tom Coburn of Oklahoma.
Tom Coburn: Go read the statute. If there’s any job in the economy you can perform, you are not eligible for disability. That’s pretty clear. So, where’d all those disabled people come from?
The Social Security Administration, which runs the disability program says the explosive surge is due to aging baby boomers and the lingering effects of a bad economy. But Sen. Tom Coburn of Oklahoma, the ranking Republican on the Senate Subcommittee for Investigations — who’s also a physician — says it’s more complicated than that. Last year, his staff randomly selected hundreds of disability files and found that 25 percent of them should never have been approved — another 20 percent, he said, were highly questionable.
Sen. Coburn says disability payments are now propping up the economy in some of the poorest regions in the country. Which is why he sent his investigators to the border area of Kentucky and West Virginia.
More than a quarter of a million people in this area are on disability — 10 to 15 percent of the population — about three times the national average. Jennifer Griffith and Sarah Carver processed disability claims at the Social Security regional office in Huntington, West Virginia.
Full article and link to segment here.
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Image credit: http://libertyblitzkrieg.com
By Michael Snyder
Thanks To Obamacare, Employer-Based Health Insurance Is Becoming An Endangered Species
Barack Obama promised to fundamentally transform America, and when it comes to health care he has definitely kept his promise. Thanks to Obamacare, health care spending is up, health insurance premiums are up, the number of hours Americans are working is down and employer-based health insurance is becoming an endangered species. Of course employer-based health insurance will not disappear completely any time soon, but it has been steadily shrinking for over a decade, and Obamacare will greatly accelerate that decline. If you go back to 1999, 64.1 percent of all Americans were covered by employment-based health insurance. That was pretty good. Today, only 54.9 percent of all Americans are covered by employment-based health insurance, and now thousands upon thousands of U.S. employers are considering reducing the scope of the health plans they offer to employees or eliminating them altogether due to Obamacare. If you are thinking that this sounds like a potential nightmare for millions of Americans families, you would be exactly right.
There have already been widespread reports of companies dropping health insurance, but nobody knows for sure how widespread the carnage will be. According to Businessweek, the surveys that have been done up to this point have come up with widely varying results…
A Deloitte study last year suggested 10 percent of employers would stop offering group health plans. A widely criticized McKinsey report from 2011 put the number as high as one-third. The Congressional Budget Office’s latest projections suggest 8 million fewer people will be covered by employer plans five years from now under the ACA than without it. Many of them will get policies through health insurance exchanges instead.
But what everyone does agree on is that employer-based health coverage will continue to diminish.
And we are already watching this happen right in front of our eyes. Just this week, the Wall Street Journal reported that the largest security guard firm in the United States is dropping health coverage for 55,000 employees…
The nation’s largest provider of security guards plans to discontinue its lowest-cost health plans and steer roughly 55,000 workers to new government-sponsored insurance exchanges for coverage next year, in the latest sign of the fraying ties between employment and health care.
The U.S. arm of Sweden’s Securitas AB is among more than 1,200 employers that offer the kind of bare-bones health plans that must be phased out beginning Jan. 1 under the health-care law. Nearly four million people are enrolled in these so-called mini-med plans, which cap benefits to participants, sometimes at as little as $3,000 a year.
“The mini-meds go away and we’re not replacing them,” said Jim McNulty, a spokesman for Securitas’s U.S. operation. “Their option is to go to the exchanges.”
Other big employers, including Darden Restaurants Inc., Home Depot Inc. and Trader Joe’s Co., say they will stop offering health insurance to part-time workers, and will direct those employees to the state exchanges. Darden, Home Depot and Trader Joe’s previously offered mini-meds to their part timers.
Speaking of Trader Joe’s, I wrote about how they are eliminating health coverage for part-time workers the other day. Instead of providing health insurance for their part-time workers, Trader Joe’s will be writing them a check and pushing them on to the Obamacare exchanges…
Trader Joe’s, the grocer once lauded for providing health care coverage to its part-time workers, is about to push those employees off its plan.
According to a memo obtained by the Huffington Post, the company will stop covering employees who work less than 30 hours per week.
The change is set for the start of 2014. Instead of insurance, workers instead will get a check for $500 in January.
“Depending on income you may earn outside of Trader Joe’s, we believe that with the $500 from Trader Joe’s and the tax credits available under the [Affordable Care Act (ACA)], many of you should be able to obtain health care coverage at very little if any net cost to you,” said Trader Joe CEO Dan Bane in the memo.
And this is a huge reason why the shift from full-time work to part-time work in America has accelerated this year. Obamacare creates an incentive for companies to have more part-time workers and less full-time workers. In fact, almost all of the jobs that have been “created” by the U.S. economy in 2013 have been part-time jobs.
But it is incredibly difficult to try to support a family on a part-time job. Sadly, the quality of our jobs continues to decline rapidly and only 47 percent of all adults have a full-time job in America today. This is only going to continue to get even worse under Obamacare.
As a result of these trends, more Americans are going to be forced to go out and buy health insurance “on the individual market”. When they do, they are likely to be in for a really nasty surprise…
Andy and Amy Mangione of Louisville, Ky. and their two boys are just the kind of people who should be helped by ObamaCare. But they recently got a nasty surprise in the mail.
“When I saw the letter when I came home from work,” Andy said, describing the large red wording on the envelope from his insurance carrier, “(it said) ‘your action required, benefit changes, act now.’ Of course I opened it immediately.”
It had stunning news. Insurance for the Mangiones and their two boys,which they bought on the individual market, was going to almost triple in 2014 — from $333 a month to $965.
The insurance carrier made it clear the increase was in order to be compliant with the new health care law.
Are you ready to have your health insurance premiums potentially double or triple?
In other cases, families are discovering that health insurance companies are simply cancelling their health insurance plans…
Across the country, insurers are sending out ObamaCare-induced health plan death notices to untold tens of thousands of other customers in the individual market. Twitter users are posting their ObamaCare cancellation notices and accompanying rate increases:
Linda Deright posted her letter from Regency of Washington state: “63 percent jump, old policy of 15 yrs. cancelled.” Karen J. Dugan wrote: “Received same notice from Blue Shield CA for our small business. Driving into exchange and no info since online site is down.” Chris Birk wrote: “Got notice from BCBS that my current health plan is not ACA compliant. New plan 2x as costly for worse coverage.” Small-business owner Villi Wilson posted his letter from HMSA Blue Cross Blue Shield canceling his individual plan and added: “I thought Obama said if I like my health care plan I can keep my health care plan.”
In fact, this even happened to one member of Congress. U.S. Representative Cory Gardner had purchased health insurance on his own because he wanted to experience what his constituents were going through, and he recently got a letter informing him that his old plan had been “discontinued”…
“After my current plan is discontinued,” he wrote last week, “the closest comparable plan through our current provider will cost over 100 percent more, going from roughly $650 a month to $1,480 per month.” He now carries his ObamaCare cancellation notice with him as hardcore proof of the Democrats’ ultimate deception.
Is this what Obama was talking about when he promised that we could keep our old health insurance plans if we were happy with them?
In the end, millions upon millions of us are going to get pushed on to the Obamacare health insurance exchanges.
We were promised that there would be lots of competition and that prices would be reasonable.
Unfortunately, in some areas of the country it turns out that the “exchanges” are turning out to be “monopolies” where consumers will only have one company to choose from…
“Although seven insurance companies currently operate in North Carolina, under the new Obamacare exchanges, those options will dwindle down to one in the majority of counties,” Ellmers said Thursday following the disclosure of figures by federal health officials showing that more than 60 percent of North Carolina counties will have only one insurance provider option under Obamacare: Blue Cross Blue Shield.
“The whole point of an online marketplace was to provide options, so North Carolinians could go online, compare prices, and choose plans from different companies. That is how competition is supposed to work!,” Ellmers said.
Beginning October 1 under Obamacare, Blue Cross Blue Shield will be the only health insurance provider serving the entire state of North Carolina in the new Obamacare exchanges, serving all 100 of the state’s counties. Its competitor Coventry Health Care, which is owned by Aetna, will only reach 39 counties.
That leaves 61 counties, or 61 percent of all the state’s counties, in a Blue Cross Blue Shield-only zone.
Not only that, but a lot of these exchanges are not even going to be ready to function properly on October 1st. For example, according to the Washington Post, the D.C. “health marketplace” is a complete and total mess at this point…
Just days away from launch, the District of Columbia’s health marketplace is announcing a pretty significant delay.
While the D.C. Health Link will launch a Web site on October 1, shoppers will not have access to the their premium prices until mid-November. The delay comes after the District marketplace discovered “a high error rate” in calculating the tax credits that low- and middle-income people will use to purchase insurance on the marketplace.
The insurance marketplaces, if working as plan, are supposed to spit out an estimate for a tax credit after a shopper enters in some basic information about where she lives and how much she earns. In the District, that won’t happen next month. Instead, the eligibility determination will be made “off-line by experts” by early November.
So who is going to benefit from this new system?
Well, it turns out that the health insurance companies will greatly benefit. Health insurance companies helped write Obamacare, and their stock prices have absolutely soared since Obamacare was signed into law. If you doubt this, just check out the amazing charts in this article.
Not that they were hurting under the old system either. They have been raking in gigantic mountains of cash for years while trying to provide as little health care as possible. For much more on this, please see my previous article entitled “50 Signs That The U.S. Health Care System Is A Gigantic Money Making Scam“.
For the rest of us, Obamacare is going to be even worse than the old system. A 2013 Health Care Survey that polled 200 top health care professionals discovered the following about what they believe Obamacare will bring…
– 53 percent, “Quality of health insurance policies will suffer.”
– 51 percent, “Quality of care will go down.”
– 49 percent, “The law is overly complicated.”
– 42 percent, “Insurance exchanges will be poorly managed.”
– 37 percent, “The law still allows insurance companies to be the middleman.”
– 32 percent, “Too complex for businesses.”
– 19 percent, “Americans will die earlier.”
So Americans are going to pay more, get worse care, have more paperwork and a more complicated system, and they are likely to die younger too?
Wow, that sounds like a great deal.
Where do we sign up?
Image credit: http://theeconomiccollapseblog.com
Posted by Judy Morris
Doctors Dump Health Insurance Plans, Charge Patients Less
Thirty-two-year old family physician Doug Nunamaker of Wichita, Kan., said after five years of dealing with the red tape of health insurance companies and the high overhead for the staff he hired just to deal with paperwork, he switched to a system of charging his patients a monthly fee plus the price of an office visit or test, CNN/Money reported….
For adults up to age 44, Nunamaker charges $50 a month, pediatric services are $10 a month, and for adults age 44 and older it costs $100 a month. Although Nunamaker calls the practice “cash-only,” he accepts credit and debit cards for the fees and services.
Nunamaker and his partner negotiated deals for services outside the office. A cholesterol test costs the patient for $3, versus the $90 or more billed to insurance companies; an MRI can cost $400, compared with $2,000 or more billed to insurance companies.
An unnamed California healthcare provider is suing the embattled Internal Revenue Service (IRS) and 15 agents for allegedly seizing 60,000,000 medical records belonging to “more than 10,000,000 Americans, including at least 1,000,000 Californians.”
The complaint, posted by National Review, states that IRS agents’ search warrant for financial information did “not authorize any seizure of any healthcare or medical record of any persons, least of all third parties completely unrelated to the matter.”
The medical records reportedly included sensitive private information about individuals’ gynecological counseling, sexual and drug treatment, and psychological services received.
Read the rest at Breitbart: http://www.breitbart.com/Big-Government/2013/05/17/Claim-IRS-Illegally-Seized-60-Million-Private-Medical-Records
Here is a great talk given at The 21 Convention in 2012, by Doug McGuff, MD, a prominent member of the ancestral health (paleo-primal) community: “Fitness, Health, and Liberty.” Doug, an emergency room physician, is well known for his ‘Body By Science‘ program, a high-intensity interval training program.
This is an important presentation because Doug presents the historical picture on how the physician-patient relationship went from a fiduciary relationship between provider and consumer to a 3rd party morass of collectivized medicine that sacrificed individual services to the needs of the masses in general in order to conform to the rules outlined by the medical establishment-insurance industry alliance.
While it is easy to blame the Democrats or blame Obama for the nationalization of medical care, this system began to form many years ago under the auspices of self-serving medical practitioners who built alliances with the government-medical establishment in the pursuit of rent-seeking arrangements. Dr. McGuff notes that doctors, who had short-term gains in mind, ultimately sacrificed their profession to these pursuits and thus “set into motion the long-term unintended consequences that resulted in their ultimate enslavement.”
His discussion of the formation of the “Blues” plans to guarantee payment for services while receiving tax-exempt status in exchange for community ratings is spot on. Community ratings, that did not allow for discrimination based on individual health status, were the beginnings of socialized medicine and thus opened the door to moral hazard and the current system of pre-paid medical care that defies all the principles of personal accountability and the free market.
This presentation is 72 minutes, but it is worth every minute of your time. I work in this industry and can tell you that Dr. McGuff has presented the best short timeline I have seen on the topic of how 3rd-party insurance and government-business alliances came to destroy the U.S. health care system. Dr. McGuff is also a libertarian, as if you can’t tell by the presentation.