New California Voter "Initiative" to "Regulate" How Much Health Insurers Can Charge

Posted by scojohnson 10 years, 10 months ago to Legislation
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So, apparently, forcing people to buy health insurance from ObamaCare, now has the panic-effect that the people being forced to buy it, never realized that health care was expensive to begin with... or that maybe they are no different from anyone else that already buys it.. and there's no free lunch. Now there is a voter's initiative to require insurance carriers to "justify" how much they charge a customer. So much for supply & demand...

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  • Posted by Robbie53024 10 years, 10 months ago in reply to this comment.
    Problem is, most consumers don't actually pay the listed or unlisted price. They pay a deductible, usually a fixed price.
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  • Posted by Robbie53024 10 years, 10 months ago in reply to this comment.
    So far as I know, no medical practice has been forced to take Medicaid. They do so because it is an "easy" money stream. They know what they will get for each and every procedure, and that the gov't will pay.
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  • Posted by Robbie53024 10 years, 10 months ago in reply to this comment.
    Only if riding a horse on the shoreline with a cute mute blond holding on behind you.
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  • Posted by IndianaGary 10 years, 10 months ago in reply to this comment.
    Don't forget that the tacit default of ObamaCare is Medicaid, so someone will be forced to take these patients.
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  • Posted by evlwhtguy 10 years, 10 months ago in reply to this comment.
    The Obamacare requirement for insurers to cover anyone even with pre-existing conditions, will in fact make it easier for insurers to drop out of the market. Before they could be accused of abandoning paying customers and consigning them to having no insurance...BUT NOT NOW!!!
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  • Posted by $ blarman 10 years, 10 months ago
    And what happens when the insurance companies just bail out entirely, leaving the whole mess to the government to fund with taxes?

    California is already bankrupt, this will just force them to make it more obvious.
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  • Posted by scojohnson 10 years, 10 months ago in reply to this comment.
    That's because the trial lawyers are a very big donor to the Democratic party...

    FYI, Democrats control about 63% of state government in California, they had a super majority of 65%+, but 3 of their senators are currently suspended for illegal activity and broad-based corruption... one of them was a gun smuggler it turns out (and I'm not talking Curio & Relics..)... rocket launchers, fully automatic assault rifles, etc.. while being the author or co-author of much of our stupid gun control laws... and he still did a good showing in the primary from house-arrest while awaiting trial.. http://ktla.com/2014/06/06/leland-yees-s...

    Shrimp Boy might have bought the votes... http://www.thetruthaboutguns.com/2014/03...

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  • Posted by Solver 10 years, 10 months ago in reply to this comment.
    When you say, “work”, do you mean reduce the cost and increase the quality of health care?
    There are are those who's “work” goal is to have big government control everything they can. They "work" hard spending tons of appropriated resources toward that purpose.
    If one defines “work” as big government growing even more progressively parasitic, then boy does it “work.”
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  • Posted by scojohnson 10 years, 10 months ago in reply to this comment.
    They always think that if they state it by fiat... it must be so.

    I think this is awesome, California already has very high insurance because of the lack of competitors in the market place... every offered "policy" has to be reviewed and approved by the California Department of Healthcare Services "Managed Care" section. This pre-dates ObamaCare by decades... and all policies have to be compliant with state requirements, sufficient capital in the company, etc... so we basically have a few different flavors of BlueCross/BlueShield and other flavors of BlueCross/BlueShield... very few other competitors.

    Most just don't bother and go sell it somewhere else.
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  • Posted by ObjectiveAnalyst 10 years, 10 months ago
    Price controls do not work. If regulators want to help they should get out of the way, allow for interstate commerce and more competition. Tort reform! Loser pay! Bureaucrats and politicians never aim at the root of any problem... problems they create and exacerbate.
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  • Posted by Herb7734 10 years, 10 months ago
    I wonder how many times regulation has to fail before regulators get it? They seem to live in an alternate universe that makes everything their Swiss cheese brains think up becomes a reality that works.
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