Affordable Insurance Plans, insurance coverage, health insurance quotes

My friend said that all the insurance companies would just move to South Dakota, because that is the state with the weakest consumer protection laws, and then they could sell insurance nationwide and ignore the laws of the other 49 states.

How true is that?

Not much. They will still continue to use death panels to deny care to those they are meant to cover.

Why does no other developed nation have the US model of healthcare? Because in the US model, insurance companies use death panels to deny care to those they are meant to cover. And then they raise costs [1]. Not only does the USA spend more on healthcare than any other nation [2], it finds itself bottom of the table when it comes to preventable deaths due to treatable conditions when it comes to developed nations [3]. The sad thing is that rather than focus on these things, the right spreads lies and half truths about the reforms and how healthcare works abroad [4]. But, if you think that my points are wrong, e-mail me with proof.

When I shop for a home insurance I am always asked if my home is currently insured or if there are lapses in my insurance policy. Some companies outright refuse to give me a quote when I tell them that I haven’t had home insurance in the last 3-4 months. I am wondering why this is important for them?! They just referred to their company policy and did not give me any meaningful reasoning. Thank you for your answer.

insurance companies are wary of lapses in any kind of insurance policies. In your case it just happened to be home insurance.

The single most feared factor in the insurance business is not hurricanes, not bush-fires, not wars, not meteor strikes but what’s known as ‘moral hazard’. Moral hazard is, in simple terms, lack of inhibition in preferring a claim under less than above-the-board circumstances.

For example, if your camera is insured for home use only, you cannot make a claim if the insured camera suffers damage during a jungle safari. Most of us, being honest persons, would not even want to claim under such circs. However, since, as a rule it takes all kinds to make this world, there exist individuals who would make a claim as if the damage occurred at home. Such individuals are considered to be ‘moral hazards’.

Coming back to your original question, insurance companies know from empirical evidence that the incidence of moral hazard is greater – much greater – in those cases where there’s a break iin coverage. It’s likely that the insured is trying to renew the policy after a loss has occurred.

You need to provide evidence to the insurance company that you did not intend to let the policy lapse. That it lapsed, is a fortuitous happenning (please note the wording – underwriters love such language) and not a deliberate omission. ‘I do not want to be penalised for something over which I had no control’ is the line you need to take. You could strike lucky with this line.

My friend who is an MBA said that if this were implemented, all the insurance companies would just move to South Dakota, because they have the weakest laws, and then they would be able to sell insurance to everyone and ignore all the other states’ laws. Is that true?

No, they would still be subject to state laws. But it would not stop them excluding preexisting conditions nor the use of death panels to deny cover to those they are meant to cover.

FACT – Insurance companies in the USA admit to pushing up prices, buying politicians and not paying out claims when they should [1]
FACT – PER PERSON the USA spends more on healthcare than any other nation on the planet [2]
FACT – Obama debated his plans before the election for healthcare [3]
FACT – the chance of a child under five of dying in the USA is greater than industrialised nations with universal health coverage [4]
FACT – Obama was elected by the American people to bring in change [5]
FACT – Obama wants to stop insurance companies from screwing America [6]
FACT – The reforms Obama wants work in the Netherlands and Switzerland [7]

Let me know if my facts are wrong, but please provide proof.

I don’t really understand existing conditions. If I switch insurance companies, and fail to report an existing condition, how would they ever know if ‘was’ an existing condition if I switch doctors? Do insurance companies share files or something?

they certainly do share files, and they have access to hospital files as well….you cannot deny a pre-existing condition anymore, if it’s on file anywhere, the insurance companies all know about it.

The insurance companies can then just charge as much as they want to people that have expensive preexisting medical conditions. For example you have diabetes, you go to get insurance, the company says sure we would love to insure you for 1000/month. Who can afford that? The government would have to also tell the insurance companies how much they are allowed to charge for it to help any.

It’s that much without diabetes. With diabetes the number will be astranomical.

It may actually be better to get a low wage paying job and make the government provide assistance, than to work a skilled job and have it taken away.

The insurance companies can then just charge as much as they want to people that have expensive preexisting medical conditions. For example you have diabetes, you go to get insurance, the company says sure we would love to insure you for 1000/month. Who can afford that? The government would have to also tell the insurance companies how much they are allowed to charge for it to help any.

It’s that much without diabetes. With diabetes the number will be astranomical.

It may actually be better to get a low wage paying job and make the government provide assistance, than to work a skilled job and have it taken away.

We are a Southern California Drywall Company and would like to work with insurance companies. How do we get started?

Call some local agents and get some quotes for a business policy.

The agents know what to do and what questions to ask you. Just ask for a business policy.

Americans to start paying the evil insurance companies money?

Looking forward to increased dividend checks.

So I know that the car insurance companies prices are "based on statistics" that show men get into more accidents than women, but… If it was statistically proven that for example, African Americans got into more accidents than Caucasians, would they be able to charge the African Americans more?

If they can be sexist, can they be racist?

Welcome to the world of double-standards

The insurance companies can then just charge as much as they want to people that have expensive preexisting medical conditions. For example you have diabetes, you go to get insurance, the company says sure we would love to insure you for 1000/month. Who can afford that? The government would have to also tell the insurance companies how much they are allowed to charge for it to help any.

Well i do understand where your coming from, but they see it as you never got insured until you got sick and know you want us to pay. Think about a car, you don’t get it insured until you wreck it.lol They would make no money, but i do think their is the exception for people who could show that they just could not afford it. health coverage is a big problem for a country like America, only a smart and well thought out plan can actually work to benefit most people, obama care is such a clear case of trying to grab 1/6 of the economies wealth to shift political power, anybody with a high school education who really looks at it can see this, the only people defending it are the ones who don’t research politics, or far left liberals with an agenda