One of the major problems with Massachusetts healthcare reform is the insurance companies need to accept people with pre-existing conditions 365 days per year. People merely sign up for coverage, get all their pre-existing conditions and then drop the coverage--only to do it again. The insurance companies are getting killed by these people so what does the insurance companies do? Raise the rates on everyone else.
People will call these rate increase as being the "big mean insurance" companies lining their pockets, but what do you think would happen to your home-owners or car insurance companies if insurance companies were forced to cover houses that were already on fire or cars after they were in an accident. I have talked about this many times, including in the Telegram with my "As I See It" piece.
Today the Boston Globe has front page story on it.
Same Time Next Year
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It’s been nearly a year since I wrote about the problems that come from
having 11 bosses who are not on the same page about anything, as well as
suggestion...
4 months ago
3 comments:
Why is it that someone can sign up for insurance only to drop it five months later?
I can't do that with my cell phone or internet service provider. They charge a hefty fee for early termination, along the lines of six months of service.
The insurance companies should do the same thing. Sign up for a two year contract with an early termination fee. The fee can be waived if you've submitted no claims.
JSF
Great point.
Bill
u may want to check out the fireworks on the April 6 Emily Rooney podcast with PAtrick-spokeswoman Barbara Anthony and Health Plan flack Laura Pelligrini
http://www.wgbh.org/897/programDetail.cfm?programid=854
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