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Author: Subject: No limit on how high health care expenses may run in health care bill
scholar
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[*] Post 400767 posted on 9-1-2010 at 18:19 Reply With Quote
No limit on how high health care expenses may run in health care bill



I have just heard President Obama declare that one of the bad practices of the health insurance companies which will be eliminated in the health care bill is limits on health care expenses. Insurance companies will no longer be able to put a limit on how much your health care may cost them in a particular year, or in your lifetime.

So, if your medical condition is such that you will need millions of dollars spent on your health most years, the insurance company must pay it, endlessly.

President Obama also said that the bill will bring the cost of health insurance DOWN.

A question of logic--if the insurance companies must pay out ten times, twenty times, even fifty times as much as they used to pay, how is it that the cost will come DOWN? If they are required by law to pay endlessly (three heart transplants in the same year for a patient, for example), how will the cost be reduced? Doesn't logic say that the cost will go UP? Won't the insurance companies have to increase their rates to cover the new obligations imposed on them by the law?

Speaker Pelosi said something very similar--your health benefits will never be limited, and your premiums will never increase.

How is this possible?
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[*] Post 400773 posted on 9-1-2010 at 18:29 Reply With Quote


Quote:
Originally posted by scholar


How is this possible?


It isn't possible, which is why private healthcare is never a good option.
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[*] Post 400776 posted on 9-1-2010 at 19:04 Reply With Quote


Quote:
Originally posted by giron
Quote:
Originally posted by scholar
How is this possible?

It isn't possible, which is why private healthcare is never a good option.
The reason it isn't possible has nothing to do with it being privately financed. You can't extract unlimited resources from limited investment in any case, private or public, individually or collectively. If more is to be taken out, more must be put in. If you put in less, there is less there to take out.
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