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Reply #7: The insurance industry doesn't want to keep the status quo. They are losing customers. [View All]

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John Q. Citizen Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-22-09 12:52 PM
Response to Reply #4
7. The insurance industry doesn't want to keep the status quo. They are losing customers.
As the number of uninsured go up, the number of paying customers for the insurance industry goes down. Sounds logical, right? It is logical.

That's why the insurance industry has been working with the Obama administration to pass a law that will require every American to buy insurance from them. And the Feds will use tax monies (a trillion a decade) to subsidies lower income folks.

So the insurance industry likes that idea so much that they have agreed to give up excluding customers for pre-existing conditions, and they have agreed to modified community rating and to guaranteed issue.

The only thing they haven't agreed to is the so-called public option. Right now what';s in the House bill HR3200 should be called the "Mini Public Option," because it is so tiny and weak and small that according to the CBO it won't enroll more then 10 million people in 10 years (by 2019) and it won't have any effect at all on cost.

The problem is that people aren't stupid. They don't like this plan much, because they don't think it will do anything except make even more profits for the insurance industry and as costs go up, there coverage will continue to go down or they will lose coverage all together.

Democrats who voted for Obama are the ones who don't like this. They wanted real reform, not Romney care.

The people who voted McCain don't like anything anyway no how, but that isn't the problem. The problem are the Democratic voters who want real reform, not this corporate sponsored reform.
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