On Sun, 25 Apr 2010 05:14:15 -0700 (PDT), "
wrote:

Well, imagine a hard working, self reliant guy who works hard, saves
money, has a little nest egg saved. Then in his middle age, he has a
car accident that exceeds his insurance and has all the money taken
from him. Then a year later, he gets sick and is unable to work.

I do think that he fully deserves a social safety net.

i

Now under the new healthcare bill, insurance companies will not be
able to deny coverage. So does that mean he can have a bare bones
medical insurance policy while he is in good health, and switch to one
of the gold plated policies when he finds he has a serious expensive
illness?

If he can, then I would expect a race to the bottom among the gold
plated insurance plans. Each trying to offer a plan that a person
with large medical costs will not choose.

Dan
===========
This is a likely scenario up until the time the people get
fed up with health insurance "bait-n-switch" and a
government run single payer plan is implemented.

The directors, officers and executives of the health
insurance companies will scream like a barrel of mashed cats
when this occurs, but brought [are bringing] this on
themselves (and everybody else).
http://www.reuters.com/article/idUSTRE63M2YM20100423
http://www.businessinsurance.com/art...WS01/100429975


The people that will lose their investment are the stock
holders of health insurance companies, for profit hospitals
and HMOs when "single payer" is implemented. Look for the
corporate "leadership," mutual funds, etc. to unload this
worthless paper on the widows and orphans just the way they
did the GM stock and bonds.


Unka George (George McDuffee)
...............................
The past is a foreign country;
they do things differently there.
L. P. Hartley (1895-1972), British author.
The Go-Between, Prologue (1953).