tag:blogger.com,1999:blog-9551150.post2140946644543911733..comments2024-03-28T01:27:23.408-04:00Comments on Health Care Renewal: The Argument Over Insurance Rate Hikes: A Systemic Problem with Health Care Organizations' Leadership and Governance?Roy M. Poses MDhttp://www.blogger.com/profile/00497209843184497847noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-9551150.post-63307286308824229392010-02-28T18:20:31.227-05:002010-02-28T18:20:31.227-05:00We need to open up competition by allowing purchas...We need to open up competition by allowing purchase of a plan located in any other state which we cannot do now. Or shut down the whole industry and go to a single payer.moviedochttps://www.blogger.com/profile/03617061594621924756noreply@blogger.comtag:blogger.com,1999:blog-9551150.post-12427913028694344142010-02-25T12:59:44.567-05:002010-02-25T12:59:44.567-05:00I have had health insurance with Aetna for the las...I have had health insurance with Aetna for the last 4 years. While the cost of health care has gone up a little over 10% during this time. My rates have gone up 90% for the same coverage. Aetna's last letter to me says that due to rising heath care cost their rates needed to go up. The part they leave out is that they multiply it by 10.<br /><br />You might say switch... but from what I see Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9551150.post-56123567356076187622010-02-24T23:01:25.110-05:002010-02-24T23:01:25.110-05:00I always learned in many of my business classes th...I always learned in many of my business classes the importance of having competition in any industry. Business competition tends to result in increased efficiency as firms attempt to reduce expenses. Now what exactly will be the affect of our health insurance industry if the government steps in to put caps on health care payments. I believe the first to go will be the quality of care we will Jameshttp://centralinsurance.org/noreply@blogger.comtag:blogger.com,1999:blog-9551150.post-81006930476891506352010-02-24T13:59:08.905-05:002010-02-24T13:59:08.905-05:00We are drowning in a sea of crocodile tears and th...We are drowning in a sea of crocodile tears and the bales of money being thrown in will not keep us afloat. Insurance is a cost plus business, so the higher the cost, the more the profit.<br /><br />Regulators will see spread sheets justifying the rate increases due to direct cost and fees with the appropriate profit margin added. Every item possible will carry a cost and appropriate profit. Anonymousnoreply@blogger.com