The whole Federal Health Insurance Reform debate is out of control. Americans, Congressmen, insurance cannot be placed against a risk that has already been damaged. The only exception to that being auto liability insurance which is NOT covering any peril to property in your care, control or custody. Your body is your property (a physical being) in your care, control and custody just like your car. Ask any rebellious teenager if their body is not their property.
Health insurance companies make a profit from the premiums they charge. Some make much more profit than others and some are created as Not-For-Profit entities. Congress has attacked For-Profit health insurance companies on the grounds that they are creating ‘excessive’ profits. These health insurance companies are profiting on the backs of Americans health. How dare them!
What about auto insurance companies? Do they not create ‘excessive’ profits? Do they profit on the backs of Americans required by their state governments to maintain auto insurance if they are to legally operate a car on public roads? Why is Congress not attacking the auto insurance industry? Or, did I speak prematurely?
How different are the two insurance types? Not very different, are they? So why is Congress deciding to take over an industry that operates just like the auto insurance industry? Why are Americans allowing this to occur?
When you drive your car into a pole, another car, a fence, a barn, back of your wife’s car, your car will (possibly) suffer from physical damage to the body panels, the chassis, engine and/or cockpit. If you did not have ‘physical damage’ coverage (comprehensive and collision) at the time of the accident, you cannot go to an insurance agent or your existing agent and have physical damage added to your liability insurance policy. It’s too late. You elected not to carry the coverage or your car was too old from the insurance company perspective to accept physical damage coverage on your car. Either way, too bad so sad. You were too late.
When you have a heart attack at age 42 and do not have health insurance that covers heart attacks, you cannot go back to the health insurance company and ask to add it to your current policy. They will laugh you all the way to curb in from of their ginormous headquarter building. You’re too late. To bad so sad. “You should have called yesterday to add that coverage to your policy, sir.” “I did know I was going to have a heart attack today.” No kidding. That’s the whole premise behind insurance – insuring for loss at some time in the future, not some time in the past.
As a For-Profit small business owner, I do not understand why other Americans are so hellbent on Congress taking over an insurance industry, taking out everything insurance, and calling it ‘insurance’? If it walks, acts and quacks like a duck, then isn’t it a duck? In Washington, if walks, acts, and quacks like a duck that must mean grab it, tear it up, put it back together and make it look like a jackass while still calling it a duck. Wake up! After health insurance, what’s next? Auto insurance? Airlines? Banking? Automobile? (Oh yhea, they already got those two)!