Cheap Insurance

Insurance Information


The Immorality of Guarantee Issue Health Insurance

UK Customers: Get 10% off Zurich Car Insurance when you buy online.

Buy Now


While there are genuine debates about whether privatized health insurance or nationalized health insurance policies make more sense, there can be little doubt that guarantee issue policies represent the most immoral type of hybrid between the two. The argument that everyone should be covered by health insurance is an argument for a nationalized health care policy. By contrast, believers in privatized health insurance argue that a private system yields more efficient pricing and cost controls in the health care field. But with guarantee issue health insurance policies, an immoral situation is created that undermines the benefits of a privatized system by poorly and immorally implementing some of the edicts of a nationalized system.

Canada has a nationalized health care policy that many in the U.S. wish to emulate. While the idea of promising health care benefits to all citizens is appealing, there are downsides. For example, many in Canada are forced into long waiting lines to receive health care treatment. In fact, the Canadian courts just ruled that many laws which barred citizens from seeking alternative health insurance options were unconstitutional. If the health care system in Canada were capable of serving all citizens in a timely manner, there would be no need to seek alternate routes. The Canadian courts were correct to view laws limiting how people can spend their own money for their own health benefits as inconsistent with their fundamental freedoms. But barring those attempts by legislators to enforce a monopoly on nationalized health insurance, the premise of taxpayers supporting a nationalized health care system makes sense from an ethical point of view. In such a system all taxpayers are subject to the same benefits and burdens with respect to their existing tax structures.

Similarly, a privatized health insurance system like that in place in the United States makes sense from an ethical standpoint. While it can lead to tragedies where uninsured people contract illnesses and cannot pay for medical treatment, it treats people in a fundamentally fair manner. Everyone is free to make their own decisions, and pay or suffer the potential consequences. Those who wish to spend money to guarantee funds are available in case of medical emergencies are free to do so, and at a price that falls within their statistical risks.

But guarantee issue laws for health insurance companies are fundamentally unfair. They punish those who are willing to pay for insurance by saddling them with costs far beyond what they should owe statistically, or what they should owe in a nationalized system. Health insurance rates in guarantee issue states like New York and New Jersey are around 3 to 4 times what they are in other states. Is it fair for a consumer in New Jersey to pay three times as much for the same health insurance as they would in another state? Of course it isn't. These consumers have been unfairly placed into a statistical pool that isn't representative of their health care needs, and forced to pay far more for health insurance than their situation dictates. And they are forced into this situation precisely because lawmakers have chosen a terrible hybrid model that removes any pretense of fairness in pricing that exist in the more natural nationalized and privatized models.

As more and more people in the guarantee issue states become unable to afford health insurance, those states will be forced to answer for the fact that their policies have made them leaders in the numbers of uninsured. A new law called the Health Care Choice Act is being proposed to allow residents of one state to purchase health insurance from another. While legislators in guarantee issue states will oppose such laws, they'll have a hard time pretending they're doing so on behalf of their constituents who are actually paying for health insurance.

Rex Ryan maintains the website:

http://www.buyinsurancecheap.info


MORE RESOURCES:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


WCBD News 2

South Carolina School District Sues in Insurance Case
U.S. News & World Report
South Carolina School District Sues in Insurance Case. A South Carolina school district has sued a North Carolina insurance brokerage, saying it sold the district excessive policies and charged too much. Jan. 19, 2018, at 1:12 p.m.. South Carolina ...
The Berkeley County School District seeks $42 million in alleged insurance fraud schemeWCBD News 2

all 6 news articles »


Barron's

AIA Flourishes as Asia Life Insurance Booms
Barron's
What has made AIA such a success? For one thing, it's smack in the heart of the world's fastest-growing life-insurance market with to-die-for demographics. For another, AIA has made several bolt-on acquisitions to grow its Asian franchise, including a ...

and more »


Bloomberg

GE's Credit Risk Rises After Insurance Charge Spooks Investors
Bloomberg
The Boston-based company unnerved investors when it disclosed that it would take a $6.2 billion charge and set aside $15 billion in the coming years to add to reserves for a portfolio primarily of long-term care insurance policies. The announcement ...

and more »


pgatour.com

The First Look: News, notes on the Farmers Insurance Open
pgatour.com
Tiger Woods makes his return this coming week at the Farmers Insurance Open. (Mike Ehrmann/Getty Images). Tiger Woods commands the spotlight as he returns to familiar ground for his first PGA TOUR rounds since his latest back surgery, taking on a ...
Tee Time: What to Expect at 2018 Farmers Insurance OpenNBC 7 San Diego
Woods, Rahm, Rickie, J-Day headline Torrey fieldGolf Channel (blog)

all 6 news articles »


Jackson Clarion Ledger

Home inventories are necessary, but not as hard as you think
Jackson Clarion Ledger
It's a tragic picture that's repeated much too often: A family finds itself on the street, staring shell-shocked at the smoldering ruins of their home, or trying to pick their way through the wreckage after a tornado rampages through their town. What ...



Vox

Paul Ryan is lying to you about the Children's Health Insurance ...
Vox
Paul Ryan's absolute greatest passion in life, the thing that drives him and underlies all of his work in public office, is destroying government programs for poor and low-income people. This was behind his 2005 push to privatize Social Security; it's ...
CHIP: What to know about the Children's Health Insurance ProgramFox News
Trump children's health insurance tweet contradicts, confoundsCNN
Let's remember: 9 million kids' health insurance is at stake in this budget fightWashington Post
Billings Gazette -Business Insider -Daily Beast -Twitter
all 153 news articles »


Los Angeles Times

Why Montecito's mudslide victims don't need flood insurance to recover their losses
Los Angeles Times
To the editor: Law professor Kenneth S. Klein writes that Montecito flood victims should not suppose their property losses are covered by homeowners' insurance. Contrary to Klein's statement, that is exactly what they should suppose. (“Another lesson ...



Marketplace.org

Here's why more Americans now lack health insurance
Marketplace.org
Miller's husband lost his job at a rock radio station in Morgantown, West Virginia, after 20 years. “I was frightened,” she said. “Not because of him losing the job. It was losing the insurance.” Buying coverage on their own was too expensive. Medicaid ...



WCPO

Attorney General: Health insurance scammers targeting Ky. families
WCPO
Scammers are targeting Kentucky families seeking affordable health insurance, according to Attorney General Andy Beshear. Beshear issued a Scam Alert Friday after receiving reports that scammers who claim to be calling from “National Health Enrollment ...
Beshear: Con Artists Promise Access To Affordable Health Insurance For A FeeLEX18 Lexington KY News

all 3 news articles »


Quad City Times

Davenport protesters call for clean DACA bill, children's insurance
Quad City Times
Protesters in downtown Davenport on Friday visited U.S. Sen. Joni Ernst's office to lobby for protections for those in DACA, and for Congress to approve children's health insurance. Deirdre Baker, QUAD-CITY TIMES. Protests at office of U.S. Sen. Joni ...

and more »

Google News

Cheap Insurance | Car Insurance Glossary | Zurich Insurance | Cheap Car Insurance | Car Insurance Quotes | Classic Car Insurance | Articles | Insurance | site map
© 2007 www.thecheapinsurance.co.uk - Cheap Car, Auto and Home Insurance