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Health Insurers: Harnessing Volatility from Political Risk

Tom,

I sympathize with your frustration over the market and our representatives who seem to only listen to themselves or a select few of arskissers. However, "Homey don't play that game!" If the media and anal_ysts and Government want to screw things up and just not listen, I can't 'enable' that behavior by participating in that part of the market insanity. There's plenty of other places to loose money. ;-)
However, I do like your thoughts on many other subjects.


On Aug 20 06:43 PM Tom Armistead wrote:

> ari5000, I lean toward your belief that lobbyists etc. will serve
> to reduce the risk of anything too bad happening to the healthcare
> industry. I spent many years in the P&C Insurance industry, always
> a target for politics, and the companies by and large seemed to make
> money in spite of the politcal confrontations.
>
> appro, I too dislike a stock market environment that responds so
> much to political considerations, rumors and manipulation. I have
> made my concerns known to my elected representatives. Of course they
> don't read or answer their mail, or just a form letter for a response,
> usually on another topic. So I play the investment game in the market
> as it is.
>
> So if the public uproar makes healthcare stocks cheap and options
> on them expensive, I buy the shares and sell the options. Again,
> after appealing to congress or the SEC or state regulators, I go
> on from there to invest in the market as it is, not as it should
> be.

Health Insurers: Harnessing Volatility from Political Risk

I think everyone knows how I feel on doing any trading or investing based on volitility. We should be doing everything we can to GET RID of it and make our system one that promotes stable investing and not gambling swings.

But when it comes down to health insurance, I think all the plans suck. Why no a hybrid and allows cross state insurance and a fund that takes the lawyers out of the insurance business.

But my question is why hasn't the insurance companies come up with a plan? By sitting back and hoping it all implodes is not a stragedy, but rather a recipe for diastor for all of us. Why can the insurance companies com out and say:
"You pay us this and will insure everyone for that. Want more coverage then we have modules to that. BUT we can't insure anyone if you don't get rid of the damn lawyers and abuse."

Pre-existing = how can you ask anyone to insure someone on MOnday when you know that on Tuesday they will have to have a million dollar cancer treatment. come on! Governemnt will have to pick up that tab.