YoYoMama

Health Care Stocks Anticipate Weak Reform Bill, If Any

All this I would agree with. I'm not an Obama Care fan, per se. But I am all for health insurance reform.

Like it or not, Obama has Congress and the country talking about this issue. This has only happened with Democratic presidents, which is a shame. Republican leaders and Republicans in general have a knee-jerk, baby-out-with-the-bath... reflexiveness about this issue that makes me a little ashamed of my party.

Without reforms of any kind, the system, as it stands, will continue to penalize those who need health care reform the most - those with pre-existing conditions, small businesses, and self-employed individuals.


On Jul 27 04:17 PM Donald Johnson wrote:

> As I've blogged many times, most of the problems with the health
> insurance markets could be resolved with some changes in state and
> federal insurance regulations that wouldn't cost taxpayers a dime.
>
>
> If ObamaCare goes down the drain, maybe the hard left members of
> Congress who've been blocking real reforms because they wanted to
> force Americans into a Government HMO (Fannie Med) will start listening
> to Sen. Jim DeMint and others who have better ideas than Teddy Kennedy
> and Henry Waxman.

Health Care Stocks Anticipate Weak Reform Bill, If Any

If all you say is true, I guess we'll have to wait another 10 years for substantive change.

By that time, our insurance premiums will have DOUBLED yet again, as they did from 1999 to 2009, and bankruptcy filers WITH insurance will likely rise to nearly 100% from a current 75%.

Don't worry, those without insurance will continue to do fine, thanks to the taxpayer. With no changes or requirements for insurance coverage they will continue to max out our emergency rooms and send us, the taxpayers, the bill. I'm sure we're all happy about that.

In the meantime, as you say, insurance companies will continue to prosper, racking up impressive profits that please the shareholders by rationing out care based on denying pre-existing conditions, and paying on claims only when they feel about it.

And with no cost-containment measures such as torts reform or Medicaid fraud prevention even entering the current discussion, expect more claim rationing by insurance companies as they seek to maintain their profitability.

Gee, I feel so much better!