Heavy torrents of Medical Insurances in forecast
It would be the height of naivety to think the CEO's of major insurance companies are taking a casual wait-see approach paying lobbyist $1.4 million a day as they themselves play golf on their golf courses. They did not become CEO’s for nothing; bottom line, they have to look ahead to make money for their various companies and shareholders.
Most companies make additional fees by either going up on the prices of their products or creating new ones and I think medical insurance companies are seeing the handwriting on the wall with the “Under construction” sign on the Healthcare Reform Bill and have decided to create a new product. However, it takes time from concept to finished product so it is my opinion medical insurance companies have sponsored members of Congress to delay the construction of the infamous Healthcare Bill until they can get their own products in place. With over 75% of the population wanting a change in their medical insurance, the CEO’s know there is a market out there for them and they would be crazy not to take advantage of it and cash in.
It has always been my contention Congress drags its feet on bills as to give outside interest groups a chance to profit from the bill once it is passed. In my opinion, this is as capitalistic American as apple pie.
So it is, with as much delay as humanly possible for the Healthcare Reform Bill to not see the light of day, in the meanwhile the public will be introduced to a plethora of very attractive “New and improved” private medical insurance companies. If the insurance companies market their new medical insurance programs as per capitalism, they will come with time constraints. In other words, when you sign up for the program of your choice, you will be locked into that program for “X” amount of years i.e., cell phone contracts.
If this will indeed be the case -per my hypothetical- there may be problems when the government presents its health care plan. Not only could this present a problem for your own personally financed plan but it could also be a concern if your company signs up for one of the plans before the government has its health plan up and running. In signing a contract before the government’s plan comes out, there should not be any problem except adhering to the old sayings of “Buyer, beware!” and “If it sounds too good to be true, it probably is!” Decisions will have to be carefully scrutinized.
As always,
BB
P.S. I am mindful that as of today July 29, there is no Healthcare Reform Bill voted on by the full Congress and signed into law by the President and there are those saying there will not be one until late fall of ‘09 and not fully implemented for four years so in the meanwhile, let’s keep our powder dry, insert influences when possible and appropriate and enjoy the show. Also, please note many new medical insurance companies will be headquartered in the states of the Blue Dogs. (Smile)
Most companies make additional fees by either going up on the prices of their products or creating new ones and I think medical insurance companies are seeing the handwriting on the wall with the “Under construction” sign on the Healthcare Reform Bill and have decided to create a new product. However, it takes time from concept to finished product so it is my opinion medical insurance companies have sponsored members of Congress to delay the construction of the infamous Healthcare Bill until they can get their own products in place. With over 75% of the population wanting a change in their medical insurance, the CEO’s know there is a market out there for them and they would be crazy not to take advantage of it and cash in.
It has always been my contention Congress drags its feet on bills as to give outside interest groups a chance to profit from the bill once it is passed. In my opinion, this is as capitalistic American as apple pie.
So it is, with as much delay as humanly possible for the Healthcare Reform Bill to not see the light of day, in the meanwhile the public will be introduced to a plethora of very attractive “New and improved” private medical insurance companies. If the insurance companies market their new medical insurance programs as per capitalism, they will come with time constraints. In other words, when you sign up for the program of your choice, you will be locked into that program for “X” amount of years i.e., cell phone contracts.
If this will indeed be the case -per my hypothetical- there may be problems when the government presents its health care plan. Not only could this present a problem for your own personally financed plan but it could also be a concern if your company signs up for one of the plans before the government has its health plan up and running. In signing a contract before the government’s plan comes out, there should not be any problem except adhering to the old sayings of “Buyer, beware!” and “If it sounds too good to be true, it probably is!” Decisions will have to be carefully scrutinized.
As always,
BB
P.S. I am mindful that as of today July 29, there is no Healthcare Reform Bill voted on by the full Congress and signed into law by the President and there are those saying there will not be one until late fall of ‘09 and not fully implemented for four years so in the meanwhile, let’s keep our powder dry, insert influences when possible and appropriate and enjoy the show. Also, please note many new medical insurance companies will be headquartered in the states of the Blue Dogs. (Smile)
posted by BB at 10:37 AM
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