Saturday, June 4, 2011

What do health insurance companies think of universal healthcare?

I'd expect that these evil healthcare companies would be afraid of the federal government suppling healthcare to everyone, but I've heard that some of the executives for companies like UnitedHealth are quite liberal. Almost half their political contributations (45%) were to Democrats (http://opensecrets.org/industries/contri… Could their be any insiders planning on making money if the government takes control of healthcare? Or would this mega healthcare bureaucracy be the one giant federal bureaucracy with no corruption?
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Some of the possible plans boil down to the government picking up the cost of health /insurance/, not care. Corporate Welfare /and/ Socialized Medicine.
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Who can tell me the demographics of the country's ~50 million who lack health insurance?

Examples: How many are present in the U.S. illegally? How many qualify for Medicaid but just haven't signed up? How many are children who are covered but whose parents have not signed them up? How many can afford it but choose not to have it? How many are young adults who incur minimal health care expenditures and believe they don't need it currently? Knowing a little more about the people who are uninsured should shed some light on the need for Universal Health Care.
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25% are illegal aliens, another 10 million, which would be about 20%, have it available through work but choose not to pay for it (probably in the $200 per month range for individual, $300 to $400 per month for family coverage). Mostly young people choose not to take it when offered, families that don't opt for it do it because of costs, $4800 per year is significant for families living on $40,000 to $50,000 per year). For the 20% who opt not to take it, it has to do with cost, which is another matter, clearly cost containment is necessary. And there is no excuse for counting people who are here illegally (and they drive up the cost for all of us). Maybe if costs were more reasonable (not paying for illegals, not allow such large malpractice judgments) and a significant portion of the other 70% would be able to afford health insurance (but I bet that even if the cost were $100 a month for a family that there would still be people too dumb to buy it, making sure that those people have health insurance isn't an excuse for me not having access to LIFELONG quality care if I am willing to pay for it).
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I live in New York City and I am in between jobs. I need health insurance for 3 months. Where do I start?

I need to know what coverage I can get and how to get it for New York State residents.
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New York State has a web page with resources on this (including prices for all the insurance plans and such): http://www.ins.state.ny.us/chealth.htm
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Can we use mandatory health insurance to encourage investors to create more jobs?

by requiring that employees must provide and pay for health care plans of their investors?
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This makes no sense to me. Proofread. Investors provide capital so businesses can expand. Businesses use the capital for a variety of purposes, including hiring new people. However, there are other ways to expand without the risk and cost of hiring new people, so the number hired is going to have something to do with the risk-adjusted cost of each new employee.
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Why Are Some People Do Not Have Health Insurance?

I think it's really sad. Are there any resources that can help them? I want to try and help.
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I don't currently have health insurance. My husband got laid off from his job in January. We had health insurance through his work and we were given the option to do the COBRA health insurance through them. COBRA is offered to all employees and their families after an employee is laid off or fired. However, the premiums were near $800 a month for the COBRA, which is almost 4 times as much as we had been paying each month! We simply couldn't afford it! For people like me, there are not really any resources that can help. I make too much money to be considered for government assistance (I make a whopping $18,000 a year), but too little to be able to afford health insurance! You are an amazing person for wanting to help! I hope that you find a way to do so!
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Which is the best health insurance plan? iam really confused with lots of companies plans?

Is there any health plan which covers maternity?
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The best plan will depend on a lot of things. First things first, only look at companies that are large enough to avoid going out of business in the face of the health care reform. Small companies may be forced to raise their rates in effort of driving you away or just plain shut their doors, possibly leaving you with an unsettled claim or without coverage. Next, work with an independent agent that represents all the major companies in your state. You are not likely to find an agent who only represents one company recommend anything other than their policies. An independent can offer you plans from several companies and with the prices being set by law you won't be able to buy it cheaper anywhere else anyway. The next thing to consider is your health and that of everyone to be covered on your policy. DON"T GET DENIED COVERAGE. It is a negetive thing to have on your record. An agent can fact find, submit an anonymous prescreen evaluation and likely prevent a denial situation. Don't just blindly apply. Some companies will be more competitive based on factors like; high blood pressure, overweight, prescribed drugs etc. Let an agent guide you to which companies are more tolerant of you specific conditions. Finally, decide whether a traditional copay style plan or an HSA (Health Savings Account) is right for you. You can look over your past annual averages for health care expenses to help determine which style of plan would have saved you money in the long run. Often times an HSA is the most economical plan for individuals and families alike. They typically have high deductibles(ex. $5,000) that help reduce monthly premiums. A $5,000 deductible may seem outrageous, but hospitals allow you to set up payment plans that create affordable monthly payments. I encourage you to speak with an independent agent in your area. They will be able to listen to your needs, show you your options and allow you to make the decision that's right for you.
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19 year old student - health insurance with 1 million lifetime max enough?

I don't currently have a job; I'm just a student, so it's doubtful that I will even keep this insurance the rest of my life. I have a $750 deductible with $2k max out of pocket and no deductible on prescriptions, but the lifetime max is only 1 million. I know with a chronic condition that would be eaten up, but is it sufficient for now?
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At age 19 1 million is adequate. Statistically speaking you have very little chance of capping one million. However, depending on the carrier you may be able to extend the lifetime max for very little additional premium. I have been a health agent for 15 years and chances are that if you have medical expenses in excess of $1 million, you would not survive the accident/illness in question anyway. Having said all of that however, you may want to seek a reinsurer who will come in and accept risk for any medical bills in excess of one million. The premium should be next to nothing, and for obvious reasons. In my opinion you have ample coverage. My only suggestion would be to see if your policy has an aggregate. ( a per sickness/accident limit) you could have a one million lifetime max, but you may have a per illness/accident cap of only say $250,000 for example....this is important to know. Also in response to Kay's comment....NEVER rely on insurance from your employer. EVER. It's YOUR responsibility and not your employer's (or your government's for that matter) to protect your financial assets. Employer based policies ALWAYS end. Termination, job change, etc. An individually owned plan is yours as long as you pay the premium, and gives you much more control and freedom. what would happen if you worked for a company who offered health insurance, but then you had a heart attack or got diabetes? Then you would be FORCED to stay at that job just to have coverage. Whereas if you had a private plan your job would not be slave to your benefits, etc. You need to look into an HSA (Health Savings Account) which will not only save you monthly premiums but also assist you in paying less taxes AND saving for retirment.
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My fiance and i are looking for health insurance and i am not sure exactly?

what we want, we are planning on starting a family soon and i want good maternity and baby care. possibly low deductibles, and decent copays. and not to much a month
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If either one of you is employed, you need to understand what the scope of maternity benefits are in each of those plans. Depending on these things, then maybe you can make a decision which plan offers the better coverage. From a standpoint of good coverage, the best coverage comes from a group insurance policy. These are the types of policies that are given to you from your employer. If you do not have that option, then your only other option is an individual policy. However, you will find out that individual policies are much more expensive, and can contain much less generous benefits than a group policy. Read your plans carefully, and make sure you have someone explain how they will work during your period of maternity.
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Health Insurance companies for the self employed?

I am begining to research self employed insurancein the state of Texas. The coverage will be for 1 adult and two teeanagers. The adult utilizes mothly prescriptions and one of the teenagers needs braces. Can anyone suggest an affordable company that has a great reputation. We are currently with NASE and the coverage for prescriptions stinks. Thanks!
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Some of the top insurance companies offering health insurance for the self employed in Texas include: 1. Blue Cross Blue Shield 2. UniCare 3. United Healthcare Stay away from NASE (National Association of the Self Employed) as they are affiliated with the Mega Life & Health Insurance Company and have a history of receiving a lot of customer complaints (do a Google search or Yahoo search for Mega Life and you can read some of the customer complaints even on the first couple of pages of the results). Here are some specific things to consider when looking for self employed health insurance and specifically some information about health insurance in Texas: http://www.healthquote360.com/Individual… http://www.TexasHealthInsurance360.com
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Life and health insurance exam in PA?

I wanted to take the life and health insurance exam in PA. From my research, I found that it's required to have a 24 hr prep course under my belt prior to the exam. After completion of this I sign up for the internet test. Is this the way it goes? Please help!
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The internet test, has to be PROCTORED. That means, you have to take it at a testing center - you can't take it from home. But yes, that's how it goes.
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Does health insurance cover children if you are not married?

Will my boyfriend's insurance plan cover our baby?
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Is it through his job? If it is, he can add her when she is born. If she's already born, you have 30 days to add her, or you have to wait until the next "open enrollment" time. Whenever that is. He'll probably need a copy of her birth certificate to prove he's the father, or a court order. If it's a PRIVATE policy, there's a good chance he can't add her. He'll have to call the number on the back of his card and ask.
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Is my ehic (blue health insurance card) still valid although i do not work ?

i got this card when i was working in UK. but i stopped working in UK months ago. I am travelling across EU alot. i do not pay any nhs or national insurance fees myself. does this invalidate my ehic card ?
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Nope, it's no longer valid unless you too steps to renew it with a new provider / office. You have no valid health insurance.
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How do health insurance providers find out your pre-existing condition(s) when you go to get medical attention

If a person has a condition, say a torn rotator cuff, and they wanted insurance because they didn't have a ridiculous amount of money to repair the problem--after getting insurance (or before) and you were to go get your rotator cuff fixed, but you were denied of grounds of "pre-existing condition", how exactly do they know this information. Say a person had lied, and said on their insurance application, "nope, im perfectly healthy", how does insurance companies know if say, this person did go visit a doctor years ago, or had seen someone for their rotator cuff problem (pre-existing condition)...How do insurance companies find pre-existing conditions since all medical information is private--or is it...
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Your insurance company has the legal right to request and receive any medical records from your doctor that are relevant to processing your claims. I saw a guy get busted once because he applied for a policy stating that he had "no previous medical conditions," then ended up having a very expensive knee surgery within a month of when the policy began. When looking at the medical records, there were multiple notations about the knee issue from before he applied for his policy. The policy was declared invalid. (Since it was obtained via fradulent methods, it was as though the policy never existed.) The insurance company retracted all the payments from all the doctors, hospitals, etc. And the guy became liable for nearly $100K medical bills...all because he lied. (The sad thing is that disclosing the injury may not have prohibited him from getting coverage...he might have had to pay a higher premium, but it still would have cost him less than the $100K that he ended up owing.)
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Where can I find a list of health insurance costs per state?

I just moved from Massachusetts to North Carolina. I am 27, self employed and ASTOUNDED at the difference in price for a top shelf plan. My coverage was $450/month in Boston and $159/month in North Carolina. I am now looking to see what similar coverage costs in other states, but have not been able to locate such information online. Any help? (a specific webpage would be great!)
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Insurance premiums vary based on lots of factors, so a list like that probably doesn't exist. It would be too misleading. However, if you want to spend a little time at it, you can get free competitive health insurance quotes through several web sites. You could try using a different zip code each time you submit a request. Here are a few sites to try: http://necessaryvirtues.com/recommends/i… http://necessaryvirtues.com/recommends/i… http://necessaryvirtues.com/recommends/e… I hope this helps.
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Explain how mandating the purchase of private health insurance is socialism?

I saw this listed in a question asking for anything socialist that Obama has done.
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Forcing that purchase of individual health insurance is necessary to keep those millions of uninsured people from falling on the mercy of trauma centers. Drivers are required by law to have auto insurance so someone can pay for the damages they create when they have an accident.
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Would you rather be a member of a Labor Union with a protected job, health insurance and a retirement plan?

Or work for a corporation which could and would outsource your job to India and find yourself eating out of dumpsters and sleeping under a freeway bridge? I know that many of you here detest Socialistic ideas like Labor Unions, but I wonder how deep your commitment really runs.
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I would rather have job security which isn't what will be provided by corporations unless they are forced to. In Business school, we were taught to try to take that away in accounting class, because it reduced labor costs. i love labor unions. If wanting a fair wage for my labor makes me a socialist, then capitlist can suck my c06k.
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Would a public option compete w/ health insurance companies to make them honest...?

The same way Freddie Mac and Fannie May made the banking industry "honest" by loaning money to people who could never pay back the loans, whereby forcing banks to "compete" with the government and financially ruin the country (thank you Barney Frank and Chris Dodd??? Is health care in for the same fate, under the guise of making health insurance companies provide the same "benefits" the government does? If the government gives out more benefits than health insurance companies do currently, health insurance companies will have to reluctantly follow, which is what happened with our banking system. And it failed miserably. Trust the government who knows nothing about business or health care??????
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The government does not create competition it destroys it. They ahve already stated that they want the public option to be the only option hence single payer. Why keep talking about this as if we do not know the score?
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If the liberals oin here hate the Health insurance companies so much, why do they buy the coverage?

We all know what they really want is free handouts from the government.
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If they hate insurance companies (and I hate them too), WHY support a bill that makes them RICHER by forcing people to buy their policies? Oh, and by proxy, they've also made their Dems in Congress richer, b/c guess who got the kickback?
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What happens if a person has no health insurance and he gets in a coma?

If he needs a life support machine.
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You move to Canada, Australia, Britain, and get free health coverage.
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I need only a month of coverage. Health insurance options?

I am getting married on August 7th, when I will be removed from my parent's insurance. On September 14th, I can enroll in my university's health insurance plan. But what are my options for that 5-week period between the two? I don't want to go without, and also my husband-to-be is in the same situation. Thanks!
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You have a couple of options. First, you may be able to apply for a short-term health insurance plan. Short-term plans are designed for precisely this sort of situation and typically provide coverage for 1-6 months at a time. The drawback with short-term plans is that they only provide you with "catastrophic" coverage. That is, they don't cover things like pre-existing medical conditions, prescription drugs or preventive care services such as checkups. They do provide a level of protection for things like unexpected hospitalizations, however. Another option you may wish to consider is a standard individual or family health insurance plan that could cover both you and your husband long-term, instead of enrolling in the university plan. Some students find that buying their own individual or family plan provides them with better benefits at a lower or comparable cost, and it may give you more freedom to see the doctors you prefer to see all year long (vs. only during the school year). Compare the costs and benefits of your university's health plan with those for individual or family coverage to see what makes the most sense for you. A licensed health insurance agent (online or in your area) can help you find the right short-term or individual or family health plan for your needs and budget.
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Why do most health insurance plans only offer coverage to full time college students?

Is there some kind of omen that makes you 1000000x times more prone to accidents and illnesses if you take 11 hours instead of 12?
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healthquotes.awardspace.info - here is my health insurance plan. As I remember they can provide such a service.
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Can my Health Insurance Provider through my employer drop my coverage if I am out of work for surgery?

I was just told today that if I am out of work for more than 30 days for the removal of a brain tumor that my company's insurance provider will drop my coverage. This does not sound right to me as I have paid for this so called insurance for the 2 years I have been employed and I am only going to be out of work because I was recently diagnosed with this tumor.
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If you live in the US. I would contact L&I. We have protection as an employee! We have rights. It's called FMLA! Family Medical Leave Act! Based on the rules you have 12 weeks (not getting paid) to take for your health care. And upon return to your job they are liable to give you your job back or one that is equivalent to the one you had before your leave! You can also check on line through Google.com! Just put in FMLA in the search bar!
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How many people have actually died due to not having health insurance?

Does anyone have a statistic? I believe that I need clarification as to how many people have died due to not being insured. Thanks!
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That would be impossible to tell. I am sure that if some one died who did not have health Insurance they just did not seek help. Free care is there for the taking. Just walk into any hospital with an emergency, they have to take care of you, it is the law. so I say if anyone died it was their own fault.
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Where can you go if you have cancer and no health insurance?

My dad had bladder cancer, it was discovered in May, he has no insurance. The cancer doctor he was seeing will not see him unless he pays $200 up front and each visit. He can't afford that, is there some organization he can contact to help him? He is in Tucson, AZ
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Most large hospitals have financial counselors who can assist patients in organizing resources to pay for treatment. They can assess whether your Dad may qualify for Medicaid or another government managed program and direct him with his application. Talk to the hospital where your Dad was going to receive treatment. Your state's Department of Health is another good resource. Check their website to see what insurance or payment subsidy programs they may have. The American Cancer Society maintains a comprehensive database of resources and may be able to give you a referral. Contact them at 1-800-ACS-2345. Best wishes for a good outcome.
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