Obama Care

Every health care system in the world has issues and there is anecdotal evidence for just about each one showing it's failures. Likewise, there is also plenty of anecdotal evidence in support of most of them.

In 10 years we will know if the system enacted this week delivers on its promises. Personally, I predict that in about 5 years, quality of care wiill decrease for the vast majority of Americans while their costs increase. Further, we will still be getting horror stories of inadequate care or unaffordable services. Not the same type as today, but horror stories still the same.

But "Yay!!" We have universal health care.

My advice: Start a health insurace company. Plan for 5-6 years of boom profits as mandated insurance provides a huge new customer base. After that, as costs skyrocket due to Dr. shortages, malpractice costs, and skewed market forces, plan on a two year wind down by increasing premiums to drive your customer base into the public option. Under most state regulations, your mandated reserves will carry you through a year or two for winding down. It's a short term plan, but properly played worth a few million. Good luck!

Tell me more.

Just making it official.

What's in it for me?

Know they will not hit until around January when most businesses are up for renewal as they cannot raise rates until renewals. Its just common sense and everytime you hear the word mandate it means increased cost. You think all those things they have changed are free and will not drive up cost. I'm not saying if they are wrong or right just that they are going to increase cost.

Actually, for the first few years, it's going to look like a great system as lots of healthy people are forced to purchase coverage. It's only several years down the road, as cost increase in both cost per procedure and amount of people demanding procedures increase that premiums will increase.

Also, have an expensive procedure that you are putting off? Don't. Plan your life so that you can get all the benefits out of your coverage over the next 3-5 years. If your current insurance covers it, get it. See what type, if any, of elective surgeries are covered. Want them? Get them in teh next 2-3 years.

I was unaware that there would not still be private care and insurance.

Also, have an expensive procedure that you are putting off? Don't. Plan your life so that you can get all the benefits out of your coverage over the next 3-5 years. If your current insurance covers it, get it. See what type, if any, of elective surgeries are covered. Want them? Get them in teh next 2-3 years.

I was going to get plastic surgery when I turned 40 in about 16 or 100 years. Does that mean I should get it now? Lulz.

You guys talk as if the goverment is now going to make the insurance companies cover every little thing that a person wants to have done. Thats not going to be the case. There will still be alot of new procedures or expermental stuff not covered. There has to be limits or cost will go through the roof even more then they are now.

I was dating a chick who's step mom had cancer. The doctors wanted to try one last ditch operation to try and save her life. The ins. co. said no as they did not think it would extend her life or improve her quality of life. So her dad paid the $100,000 for the operation and as the ins. co. thought she died within a month. There are just reasons why some things are not covered.

I was unaware that there would not still be private care and insurance.

There still will be. For a while at least. IMHO, as more and more coverages are mandated, however, private insurance will become to costly for all but the wealthy.

I hope I am wrong and I may well be. I am sure 12th and Saden have multiple links to disprove my cynical view. As I have said all along, I just don't think this law does enough to address the underlying flaws in the healthcare system which are stressing the cost for services. In fact, I believe it will do more to exacerbate them.

But I'm not really worried - insurance companies and healthcare providers have promised to cut 2 trillion in costs over the next 10 years. Add that to the promised 130 billion in deficit reduction from this law and we are in for some boom times people!!

Actually, for the first few years, it's going to look like a great system as lots of healthy people are forced to purchase coverage. It's only several years down the road, as cost increase in both cost per procedure and amount of people demanding procedures increase that premiums will increase.

I thought the mandate wasn't going to be put into effect until 2014?

Actually, for the first few years, it's going to look like a great system as lots of healthy people are forced to purchase coverage. It's only several years down the road, as cost increase in both cost per procedure and amount of people demanding procedures increase that premiums will increase.Based on the $ 750 fine/tax most single, healthy people that aren't worried about coverage will pay the $ 750 rather than the $ 1,400 + /yr. they would pay for insurance. So the scenario will be probably be worse regarding premium increases.