The health care plan passed the House last week, now on to the Senate. I have mixed feelings about it. On the one hand, I'm not in favor of of government involvement in private business. On the other hand, having retired last year (without medicare because I need insurance for the family) only to discover that the family insurance premium is more than $1100 a month, I'm back at work for the insurance.
Pre-existing conditions, deductibles and co-pays still place unreasonable (unaffordable) financial burdens on me and my family.
One news report says U.S. insurance companies made $12 billion in profits in 2003, growing to $28 billion last year. Biggest complaints seem to be people getting turned down because they have been sick in the past (pre-existing conditions). And insurance companies refusing to cover illnesses once the customer has insurance. I guess the insuarance companies don't like to insure sick people because it lowers profits, and they don't like to pay for policy holders who get sick because it lowers profits. But it seems like those are the reasons people buy insurance. I'm confused.
I suppose that government intervention is necessary to hold these companies responsible for doing the right thing, and keeping uncontrolled greed at bay.
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