airdvr 210 #1 April 9, 2010 http://www.fiercehealthcare.com/story/health-insurers-sue-massachusetts-over-premium-rate-caps/2010-04-06 Quote...Richard Epstein, a professor of law at the University of Chicago, sided with the insurers, saying that the cap, and a similar one imposed in Maine, essentially "shoots the messenger" rather than addressing the real issue of rising healthcare costs." "Make no mistake about it, these healthcare insurers aren't clamoring for the impossible by insisting monopoly profits in a competitive industry," Epstein writes for Forbes. "They are asking only for rate increases that cover their losses from supplying the rich set of mandated benefits for all insureds, including those with pre-existing conditions." Wonder who will handle insurance if the insurance companies pull out of Mass.?Please don't dent the planet. Destinations by Roxanne Quote Share this post Link to post Share on other sites
mnealtx 0 #2 April 9, 2010 Quotehttp://www.fiercehealthcare.com/story/health-insurers-sue-massachusetts-over-premium-rate-caps/2010-04-06 Quote...Richard Epstein, a professor of law at the University of Chicago, sided with the insurers, saying that the cap, and a similar one imposed in Maine, essentially "shoots the messenger" rather than addressing the real issue of rising healthcare costs." "Make no mistake about it, these healthcare insurers aren't clamoring for the impossible by insisting monopoly profits in a competitive industry," Epstein writes for Forbes. "They are asking only for rate increases that cover their losses from supplying the rich set of mandated benefits for all insureds, including those with pre-existing conditions." Wonder who will handle insurance if the insurance companies pull out of Mass.? Obama money!!!Mike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
pirana 0 #3 April 9, 2010 Some hairshirt liberals tried that in MN a few years back; mandating generous benfit packages along with a ridiculously low rate cap (way lower than actual claims cost). When confronted with the impossible arithmetic the insurers werre faced with they (I believe it was a Wellstone led coalition) flat out stated their goal was to put the insurers out of business. Reasonable people prevailed and it died on the vine." . . . the lust for power can be just as completely satisfied by suggesting people into loving their servitude as by flogging them and kicking them into obedience." -- Aldous Huxley Quote Share this post Link to post Share on other sites
airdvr 210 #4 April 9, 2010 This one bears watching. You could conceivably have a court forcing a private company's hand. That's a slippery slope.Please don't dent the planet. Destinations by Roxanne Quote Share this post Link to post Share on other sites
