12-24-2009, 08:16 PM
No employer in their right mind would cover an 80⁄20 spread. When insurance companies are required to cover high risk individuals and people who otherwise would not be covered because they cannot afford the premiums because they do not and will not work, premiums WILL go up. If a company decides that they can only afford to cover 20% of the gross premium as a perk. Insurance companies will become un comprehensive.
Where in the bill does it say that insurance can be sold across State lines? Where does it say that it will be legal to have true competition? It does not. Only when the Government has an option will that be available, then it will be to late as the competition has become defunct. The Gov. option is still on the table and will be implemented after competition from insurance companies becomes non-profitable. Paving the way for a government monopoly.
This bill is another tax, you will see your taxable income go from 35% to 45% in the very near future. That does not include State tax for those unfortunate enough to have it.
If insurance companies have to work on a 15-20% margin they will not be very profitable and investers will surely get away from mutual funds , finding a more secure footing for better profits. Insurance companies will be to big to fail and we begin the cycle jerk again only next time the gov will take over insurance. And we all know how efficient they are.
Go ahead Julie........invest in insurance and mutual funds now when the shares are high, they will never be this high again. Can you say 3%? ::lol::
We are fucked and nobody will see it until they are getting only 40% from their paychecks from a weeks work. But hell by then we will be aclimated and it will seem normal. Just like England.
Where in the bill does it say that insurance can be sold across State lines? Where does it say that it will be legal to have true competition? It does not. Only when the Government has an option will that be available, then it will be to late as the competition has become defunct. The Gov. option is still on the table and will be implemented after competition from insurance companies becomes non-profitable. Paving the way for a government monopoly.
This bill is another tax, you will see your taxable income go from 35% to 45% in the very near future. That does not include State tax for those unfortunate enough to have it.
If insurance companies have to work on a 15-20% margin they will not be very profitable and investers will surely get away from mutual funds , finding a more secure footing for better profits. Insurance companies will be to big to fail and we begin the cycle jerk again only next time the gov will take over insurance. And we all know how efficient they are.
Go ahead Julie........invest in insurance and mutual funds now when the shares are high, they will never be this high again. Can you say 3%? ::lol::
We are fucked and nobody will see it until they are getting only 40% from their paychecks from a weeks work. But hell by then we will be aclimated and it will seem normal. Just like England.
He ain't heavy, he's my brother.