Tuesday, February 01, 2011

In Short: Insurance is STILL Winning

Here's a quick review of how health insurance is kicking your ass:
  • Insurance companies will raise your rates every year, no matter what.
  • Insurance companies have HUGE holdings.
  • Insurance companies take those holdings and put them into the stock market to make even more money.
  • Insurance companies took a hit when the tech bubble burst.
  • That's when they decided it was time to bring out the monster of Frivolous Lawsuits.
  • They convinced the doctors, who pushed for tort reform.
  • Insurance companies kept on that steeper climb even though the false spectre faded.
  • Affordable Care Act passed.
  • The increase in rates is even higher, even though most of the costs will not manifest for years.
  • The Insurance Industry as a whole has NEVER had a loss and regularly pops their CEOs with millions or billions for NOT providing care.
When the fuck are we going to learn these people are NOT working for our best interest in what is a human rights issue?

1 comment:

Kay Dennison said...

My car insurance company actually reduced my rate fifteen dollars a month last fall. However, I'm old enough to know that 10 minutes after I have an accident, my rate will rise like hell.

I'm on Medicare so they can only do so much as far as my cost goes.