Yeah because what you propose is working SO well for the Health industry. Think you have high premiums now? Wait till the government gets involved and you get your "cover everyone" wish. Did I log into the Democratic Underground by mistake?
BTW, covering catastrophic events would be impossible.
We have not filed a claim since we changed from State Farm to AAA. We did save $ 1539 a year in premiums.
I had farmers insurance for almost 16 years and have never had an accident until last year. I paid my $500 deductible and those bastards fought with my body shop tooth and nail about fixing all the damage. They also fought with my mechanic tooth and nail to fix the mechanical damage done during the accident. Fast forward to just a few months ago when we decided to get two new cars. I called them to get a quote for the two new cars and the price they quoted me just to add the two new cars was almost $250.00 more per month. I called geico and they quoted me better coverage, zero on my deductibles, and full coverage on the Burbank at half the price of my original insurance. Honestly I should have switched a long time ago. Their prices have done nothing but go up while at the same time their service has gone to ****.
hahahahahaaaahahaaaaa....
You're the only healthcare working I've heard say "it's fine so far." Granted I was merely speaking from a consumer standpoint as the state has seen a significant rise in premiums across the board, especially to individuals, with a sizeable attrition of coverage. Internally, the coding and billing nightmare it's caused so far has racked up hundreds of millions in costs across the nation and created a bureaucratic nightmare. So you might be naïve to the effect it's having on individuals and especially small business owners, but the reality is there.
Now you may believe that you don't relate to Democrats, but your comments sure fall in line with their philosophies.
Also, in applying some basic math, it's pretty easy to see that real catastrophic events would be a killer to most companies if they stood on their own. It's just too bad we live in America where those evil companies can do as they please eh? In a perfect world I'd love to be able to subsidize earthquake insurance for southern Californians.
Problem is..... private run insurance is about risk. You can't have completely standardized coverage available everywhere as the risks just aren't the same. Don't like it? Self-insure.
The whole I can't read a legal contract doesn't fly with me. That's what REALLY caused the AIG mess you spoke of earlier. Well.... that and politicians trying to put everyone in a home.
I was kind of surprised when I heard a USAA rep quote "act of God" to me once about 4 years ago. But that was how they explained why my rates wouldn't increase after I had my roof, fence, garage door, and siding replaced on my house after hail and a downdraft storm. They said rates don't go up because of damage related to an "act of God" (ie weather related). I love usaa for all things insurance. They don't have a ton of gimmicky stuff that some other companies do, but they have good rates and some of the best customer service out there.
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Of course rates go up because of "an act of God" (i.e., weather related). Rates are promulgated using formulas which involve claim costs, including weather related costs. They can also go down for the same reason when a company has good claim experience.
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