youngolf

The Leading Cause of Personal Bankruptcy

I worked in our health ins system for 20 years. It is a system gone mad. And with $17 trillion floating around? Don't you think it is floating into a lot of pockets of powerful entities that will do anything to stop change? If not, you are very naieve.

Imagine being 68, with no medicare program. What would our wonderful private for profit insurers, who are just trying to help us meet the challenges...do then?

Someone in power has to rise above it all and force change. There is a ton of money against it, but we need it for all citizens, and now.

Extending Medicare: Medical and National Suicide

The bottom line is we are 'selling' healthcare 'choice' in a capitalistic system with 'free market competition', that isn't working, and allowing profits that are massive. Every health insurer has multi-Billions stashed away in 'reserves for unpaid claim liability'-that so-called depts of insurance allow them to stash.......(just check out many local BCBS plans financial info).....not to mention, United Healthcare, Humana, Wellpoint, etc........and the little guy gets an outlandish bill for a common procedure. And everyone I meet is 'going into nursing' or some other medical field because thats 'where the jobs are.' Wait til we have to 'feed' all these new workers.

The system is severly broken, great amounts of money are changing hands, enriching many......and the little guy faces bankruptcy for costs that he can't afford to buy coverage to fend off.

Our politicians meanwhile, are fully covered in the Fed Employee Plan..........that you and I fund for them..........that we cannot participate in.

I want to be a politician now.

Extending Medicare: Medical and National Suicide

The health ins industry will say anything, anything, to save their butts. Currently, they have it made, while the populace suffers, and the politicians are covered and financed. What a country huh?

Medicare (whatever you want to call it) needs to be extended to ALL citizens, and profit making insurers done away with (Let them sell luxury products) and financed through equitable taxes across the board.

Its time to end the fortunate and well-connected getting great coverage, while the little guy, the individual, and the sick get the chance to go bankrupt.

The Declining Usefulness of Debt

As someone who 'sold' large group health insurance plans for insurers since the 1980's, I saw the squeeze these constantly rising premiums put on employers. I foresaw them cutting older workers (who raised their risk factors), I foresaw them moving to part-timers, contract workers to avoid having to cover them, etc, etc. I cannot emphasize enough the 'sucking sound' of taking capital out of production and sending it to medical care - across all society.
The insurer did not care, the medical community wanted more and more, and the capitalistic system, although funding all the new tech gadgets to keep us alive, is now unaffordable....hence 50M uninsured.
Worse, the individual frets over starting his own business because he must come up with $$$ just for 'insurance' against potential illness that could bankrupt him.........and so goes to work for the 'corporation'. And we all know how inefficient the corporation is, especially the large ones.
The outlandish, uncontrolled cost of medical care is the behind-the-scenes drag on our economy. But our wonderful legislators ALL have themselves taken care of. And in health plans that we pay for for them, that we cannot access ourselves. This must be changed.

The Worst Isn't Over Yet

Well, I would, or might, unless I decide to do something else based on whether or not the choice or destiny, depending on which is first, may present itself, unless I don't have a choice....

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The Worst Isn't Over Yet

It could or may be the beginning of the bull run, unless its not. Things might be getting better or may not, however, we will for sure find out unless we don't.

your financial expert......

Just When You Thought It Was Safe to Get Back into the Markets...

As youngolf reclines on his bed with his pc....his thoughts go over the past 20 years, when two major problems helped bring us to today: first the 'cancer' of free market health insurance that has sucked individualism out of the economy...you have to go to work for the corporation or state to get good coverage for your family...and sucked Trillions out of the economy.............AND the rise of the CEO and associated 'mananagers' who's only skill is in reading financial statements and anal retentiveness for 'core standards' with no human relations skills to motivate, inspire, workers to perform - just brow beat em with numbers cause we don't know how to motivate them any other way...and their accompanying geek techies who replace people with 'conversational computer software' that they think is cute but treats people like idiots and takes 3x longer to get anything done, and totally flusters the elderly.
USA business is in a ridiculous state. Why? Just look at who is running them now.......tech and finance geeks. Case closed.

Is America on a Downward Slope?

Once again, and yet again, I state based on experience of 20 years - you always have to locate the underlying problems (not 'challenge', by the way, hate that word), that are the root cause of the issue...of productive citizenry..........thi... being the majority gravitating to work for the 'corporation', 'government', or 'large employer' (versus producing as an individual) due to the need to be 'covered by health insurance'.

Our asinine health insurance system has choked individuality for over 25 years.......yes, your providers will come after you if you can't pay.......as we've let it run out of control......17% of GDP for God's sake.

"I need a job where I can get coverage I can afford for my family". "I'll get a job punching into a keyboard all day, not actually making anything or providing any real service".

Yes, we need government to control greed. We need access for all, taxed fairly, so that we can get out from under the yoke of having to work for the big man, or the fear of medical bankruptcy, in order to get the best bennies!

Or......give me the same plan that I pay for that the gubberment workers enjoy......the Federal Employee Health Plan!

Credit Crisis Watch: Are the Markets Still Frozen?

Thanks. Great info.

So, why is it again that we bail-out these idiots, who hoard the money, and result in our getting laid off at work? This is not the America I plan to pay taxes to and retire.

Maybe they are busy re-writing the 'core value statement'...or thumbing through Rogets trying to find different words than 'across', 'channels', 'talent acquisition', 'practice leader', 'seamless', 'integrated', .........laughable.

McCain's Economic Advisor Says "Recession Is Mental"

Simply goes to show why Congress is a do-nothing. These people are so far removed from average life, they know not what is actually going on. The Senate gym, receptions at the White House, thats all they care about.
We need leaders from somewhere, please God.

Uninterrupted Declines

We have a leadership crisis of enormous magnitude...over the last 20 years. Healthcare affordability/access is in the crapper, credit, housing, energy, jobs are now being flushed, IRS regs are beyond ridiculous, national spending/debt. Can't think of anything going really well right now, except SH and SDS.

Short Week Was Plenty Painful

Thanks for the charts also, but please, not so much verbage on what 'we already know'. Don't like spending time reading experts telling me just what happened like I have been on another planet. E.g., the sun did rise today as expected.