Addressing threats to health care's core values, especially those stemming from concentration and abuse of power - and now larger threats to the democracy needed to advance health and welfare. Advocating for accountability, integrity, transparency, honesty and ethics in leadership and governance of health care.
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Saturday, December 06, 2008
BLOGSCAN - Insuring the Right to Buy Health Insurance
On the Covert Rationing Blog, DrRich discussed the latest amazing product from our friends at UnitedHealth. Called Continuity, it allows people who are currently healthy to buy the right to buy health insurance in the future, presumably at a time when they might not be healthy, and hence would not be able to meet the sort of stringent underwriting requirements that most companies now impose on those seeking individual health insurance. Thus, this product is sort of second order insurance, insurance on insurance, or, as DrRich puts it a hedge on the future risk of uninsurability. DrRich's incisive post argued that the offering of such a product suggests that UnitedHealth is betting that it will be out of the health insurance business in the near future, put out of business by some new national health insurance scheme.
Ludicrous! Tipping points don't just apply to complex systems on the up-swing; they also apply to the moment of mass awareness of "going too far".
ReplyDeleteThe existence of insuring insurability is such a development.
EA
Hey there, I am totally impressed with your blog work and the knowledge of the subject, just keep on doing the great work. Thanks:-)
ReplyDelete