| You didn't really think that I could resist weighing in on | | | | this...unless underwriting and actuarial decisions don't |
| this health care debacle, did you? With my 35-plus | | | | matter anymore. That would only occur if there was |
| year background in the insurance business, I think I can | | | | some entity above the insurance company that was |
| bring some unique perspective to the table. | | | | going to pay all the benefits. Guess who? |
| I don't know for sure what is in the bill. No one does. | | | | Health Care Rationing is Inevitable |
| But from what I read all over the Internet, there are a | | | | Here's the way for Washington to screw up any |
| few features that need early discussion. | | | | economic activity: |
| The agenda hidden in plain sight | | | | 1. Tax it |
| The Bill is not about providing health insurance | | | | 2. regulate supply and demand |
| coverage for the 32-40 million ESTIMATED | | | | 3. impose price controls |
| Americans without health insurance. It's about a | | | | 4. impose wage controls |
| government takeover of a giant portion of this nation's | | | | 5. impose limits on profits, or "windfall profits" taxes |
| economy, and fascism. | | | | The DC bunch is going to do this with health care. The |
| How do I know for sure? | | | | health care industry will naturally shrink in size as many |
| Well, let's use the low end of the estimates, 32 million. | | | | people realize that it makes no economic sense for |
| I'm only using that because the government always | | | | them to continue in this path. |
| lies, and the true number is probably a lot lower. And | | | | As the new law unfolds, and the regulations start to |
| let's say that the annual premium for the best health | | | | affect doctors, the number of doctors will diminish. |
| insurance policy you can buy is $5,000 per year per | | | | Some will retire early, some will switch to other |
| person regardless of age. Then do the math. 32 million | | | | careers, premed students will switch majors, and most |
| uninsured people times a $5,000 annual premium per | | | | doctors will just sing "Nobody knows the trouble I've |
| person is only $160 Billion. | | | | seen." |
| Congress and President Obama could have bought | | | | Some doctors will opt out of the government benefits |
| every uninsured person in America a deluxe insurance | | | | system and stop treating anyone covered by the Bill. |
| plan for only $160 Billion. But that's not what they did. | | | | But that brings up another possible scenario. If the |
| This bill is estimated to cost over 900 Billion dollars...and | | | | number of participating doctors drops, and rationing |
| they ALWAYS underestimate on the low side. | | | | inevitably begins, I can see Washington stepping in and |
| So, as I said, this ain't about insuring the uninsured. | | | | forcing doctors to treat Bill patients. Think about it. |
| But it IS about demographics. | | | | Doctors are licensed in every state. Congress could |
| Demographics and Two Major Players | | | | easily pass a new law that mandates all licensed |
| The health care providers didn't fight this bill. That's | | | | doctors to accept Bill patients and Bill benefits...or no |
| because right now there are a lot of uninsured people | | | | license for the doctor. What's to stop Congress from |
| that use the hospital Emergency Room as a free clinic. | | | | doing this? Nothing. |
| But under the Bill, all of those people will either pay for | | | | But some medical professionals will adapt and prosper. |
| coverage, or the Federal Government will pay for their | | | | Doctors are going to watch as their incomes shrink. |
| coverage. The days of hospitals providing free health | | | | But some will think of ways to escape the American |
| care to the poor and indigent will be gone. The health | | | | healthcare system while still practicing medicine. |
| care providers see the tidal wave of health care | | | | That means an escape from America. |
| benefit money that will hit their shores. All they have to | | | | Canadians have been coming to American doctors |
| do is soak it up. | | | | and hospitals for decades to escape the rationing in |
| The health insurance industry didn't fight this bill, either. | | | | Canada. Now it's America's turn to run for the border. |
| That's because they see 32 million people | | | | Over the next ten years, thousand of doctors, nurses |
| (questionable estimate) that aren't paying premiums | | | | and other medical professionals will set up shop |
| that will begin buying insurance. And many of those | | | | outside the USA. They will establish clinics and surgical |
| people will get the DC crowd to pay their premiums | | | | practices "just across the border" with the most |
| for them through "low income" subsidies. In addition, the | | | | modern and advanced medical treatment facilities |
| health insurance companies already have the trained | | | | possible...free from Washington's crushing burden of |
| staff to help DC roll out this health care law and | | | | regulation. |
| administer it for the DC bureaucrats. More money for | | | | Expect the offshore medical industry, or commonly |
| the insurers. | | | | called "Medical Tourism" to explode in Mexico, the |
| What pact did the big insurance companies make with | | | | Caribbean (and Cuba, once Castro dies) and Latin |
| the devil? | | | | America, in places like Panama and Costa Rica. Read |
| The insurance industry has not fought this Bill. They | | | | more about Medical Tourism at the link at the bottom |
| have not used their club in the closet. So, the logical | | | | of the page. |
| conclusion is that the insurance industry has made a | | | | For example, the prestigious Johns Hopkins University's |
| yet-to-be-discovered pact with the DC Devils to enrich | | | | Center for Global Health opened the Hospital Punta |
| themselves at the public's expense. | | | | Pacifica in Panama City, Panama in 2006. It is the most |
| All of the insurance companies domiciled in the USA | | | | advanced hospital in Panama and rivals any great |
| have investment portfolios. Part of their money is | | | | American hospital. Medical tourism will be a huge cash |
| always invested in government securities. That means | | | | cow for this facility as health care falls apart in |
| bonds and other debt instruments. These can be | | | | America. |
| Federal, State or even municipal bonds. But they all | | | | Big Pharma is Smiling |
| hold a large percentage of US securities. | | | | The pharmaceutical industry has entered in the |
| Their bond holdings are sufficiently large that if they | | | | Promised Land. They will negotiate their pricing with the |
| suddenly sold even a small portion of the bonds, it | | | | government, and the government health care will |
| would collapse the entire bond market. And with the | | | | promote and buy their products. All Big Pharma has to |
| volatility of the dollar, and the mind-boggling Federal | | | | do is continue paying bribe money to Congress. |
| debt that is constantly growing, the value of all | | | | The Swami Predicts... |
| government bonds is dropping like a stone. | | | | 1. Health care rationing nationwide |
| The insurance companies know this. They already | | | | 2. Price controls on everything related to medical |
| know that they could cause the bond market to | | | | treatment |
| meltdown any day that they began selling off | | | | 3. Hundreds of hospitals close their doors |
| government securities. The US Federal government | | | | 4. Dozens of health insurance companies close their |
| would finally be proven to be bankrupt. So, in essence, | | | | doors |
| they have created a government interference | | | | 5. Thousands of doctors stop practicing medicine in the |
| insurance policy for themselves that protects them | | | | US |
| from Washington's meddling in their business. It's the | | | | 6. Thousands of doctors and nurses become Federal |
| equivalent of the old "club in the closet"...the weapon | | | | employees |
| you bring out when it's needed. And NOTHING | | | | 7. Pharmaceutical companies' stock value soars |
| prevents them from threatening DC with that club. | | | | 8. Mortality rates in America creep upward due to |
| One of the features of the Bill is that pre-existing | | | | rationing |
| conditions will no longer be considered in underwriting a | | | | 9. Hyperinflation must occur as DC monetizes debt |
| health insurance policy. In practice, this will mean that I | | | | with paper money |
| could wait until my doctor diagnoses me with terminal | | | | 10. The US economy collapses and America enters a |
| cancer before I buy an insurance policy. Then, I pay | | | | Dark Age |
| my copays and stick it to the insurance company. | | | | OR... |
| Another feature is that there will be no lifetime cap on | | | | 11. Courageous states of the United States secede |
| benefits. Underwriting and actuarial considerations are | | | | and the United States dissolves into the ashbin of |
| worthless when an insurance company cannot | | | | history. |
| calculate the limits of their loss exposures. Insurance | | | | Which will YOU choose? |
| ceases to be insurance...a transfer of risk...when there | | | | Secession is the Hope for Mankind. Who will be |
| ceases to be any risk. Under the Bill, health insurance | | | | first...and wisest? |
| becomes a healthcare welfare system. | | | | DumpDC. Six Letters That Can Change History. |
| No insurance company would ever agree to | | | | |