Monday, April 5, 2010
You get what you dont pay for!
The State of Massachusetts passed an emergency regulation to keep health insurance companies from have a huge price hike in their rates to offset the mandated care imposed by the state. The issue, it is the non-proffit health insurance companies that are affected and are the ones fighting. Since the companies have to cover all the things that the states require but can not use actuarial data, the non-proffits are going broke. The only way they can stay afloat is to raise their rates. Hey, come to think of it. Isnt the government like a big non-proffit? (politicials and their friends excluded?) So, in Massachusetts, the state is telling what has to be insured, tells what rates the insurance companies have to charge and the result is insolvency. Good thing Obamacare is different. Oh, wait a minute. Nevermind, it is the same thing.