Impeding changes to our Health Care system

[SamIam]

Originally Posted by TheMercenary

Sam, do you think that any insurance company can survive by not changing rates in the future? I mean to say that as long as costs go up, every single insurance company in the country will have to eventually change, therefore the idea that "you can keep the plan you have" is based on the false premise that some plans will never have to change over the next 20 years. I don't buy it and I don't believe that those who wrote the bill believed it either.

Well - let's face it - its not as if insurance companies just raise their rates to reflect their increased costs. They have raised their rates because they can get away with it.

Again, from Classic's link:

Plus, it's not as though the employer-based insurance market is reliable and stable in its current form. Most employees don't have any control over the structure of their health insurance. As a result, coverage has been steadily eroding in the past decade, with premium costs for workers increasing 131% from 1999 to 2009, even as the actuarial value of those plans, on average, decreased.

I shed no tears for the insurance companies.