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Showing Original Post only (View all)How European countries regulate private insurance [View all]
http://www.pnhp.org/print/news/2012/december/its-not-profit-that-is-destroying-our-health-its-the-private-insurance-businessMany Europeans use private health insurance companies, a few of them for-profit. These Europeans enjoy better care for more people at lower cost than we do. But the European business model differs radically from that in the U.S. In fact, American insurance companies find the European model not only alien, but intolerable. Imagine American insurance companies playing by these European rules:
* You can set any price on your policy, but you must sell it at the same price to everyone, regardless of health.
* You must sell a policy to anyone who applies, no exceptions.
* No policy can be cancelled for any reason, not even failure to pay (the government will step in). Patients, however, can change companies without notice.
* Every policy must cover all treatable diseases. No matter what policy they purchase, patients will never risk destitution (or death) if they suffer a treatable condition.
* Your company must pay every claim from every licensed provider within 30 days. You can protest the payment, but only after you pay the bill.
* Every provider receives the same payment for the same service, regardless of patient or their insurance.
* Your records are an open book. Every dollar (or Euro) that passes through your hands is open to the public. There are no proprietary secrets.
* If you still manage to cherry pick healthier patients, the government will impose a premium to subsidize other companies with sicker patients.
With this model, European companies compete with lower prices, extra benefits, and better customer service. Isnt that a refreshing change?
The American business model has no such rules. How do American insurance companies compete?
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Know what average MLR was back in 1993 when the Clintons were dealing with a "crisis"
eridani
Dec 2012
#10
You're kidding right? This is why we are so fucked up, people don't even know when they're
Egalitarian Thug
Dec 2012
#11
Sorry, I stand corrected. The 20% includes all administrative costs and overhead. nt
Flatulo
Dec 2012
#19
It's a glitch with this and other sites. Copy the whole thing, not just the blue part,
Egalitarian Thug
Dec 2012
#21
Let me rephrase, you need to stop reading what you want to see into it and read what was written.
Egalitarian Thug
Dec 2012
#34
"... you must sell it at the same price to everyone, regardless of health." Why, that's ...
Scuba
Dec 2012
#8
No shit, right? Back in the day that was generally understood to be the definition of insurance.
Flatulo
Dec 2012
#9
They can charge different prices depending on your age, which amounts to the same thing.
eridani
Dec 2012
#35
If the policy you want is one that you cannot afford, there is no fucking "choice" about it
eridani
Dec 2012
#37
They can charge differently according to age, and that is limited to the exchanges as far as I can
TheKentuckian
Dec 2012
#38