Tuesday, June 28, 2011

Is the only business of health insurance finding ways single out people to raise rate on

Is the only business of health insurance finding ways single out people to raise rate on ?
Lets add weight to the excuses for health insurance to single out customers. Why do our law makers and government allow this.

The idea behind insurance is to pool money to pay expenses to avoid financial disaster. They take your money for years and when you depend on them they legally avoid payment and cancel you!!!! In response to one of the answers. The only way this is not corruption would be if you reimburse those that don't use the insurance. THE ONLY NON CORRUPT WAY FOR INSURANCE COMPANY TO INSURE IS TO SPREAD THE RISK ACROSS ALL CUSTOMERS. THE SAME YEAR I PAID 15,600 FOR INSURANCE PREMIUMS THEY REFUSED TO PAY ANY CLAIMS COSTING ME ANOTHER 4,000. THIS CORRUPT LOGIC HAS GOT TO STOP.
Current Events - 3 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Bingo. Now you've got it. Insurance companies are supposed to cover risk. They decided a long time ago that they would rather cover executives' golden parachutes. We don't have a "health care" crisis in America nearly so much as we have a crisis of unethical insurance executives who aren't managing the assets they've been entrusted with.
2 :
If you think that's bad, wait until you are forced out of your good insurance and into medicare. If you think health care is expensive now, wait until it's free.
3 :
Here is a real answer to your question: In order for an insurance company to be profitable, it must charge you for the extra risk you bring to the table. For example, if an insurance company charges a health 35 year old male $180 per month for health insurance, and you apply, but on your application it says you are 5'10" 300 lbs, they are going to raise your rate and make you a counter offer because being overweight means that you are more likely to have problems than a healthy 35 year old that is of a normal height and weight. Some states, like Utah, only allow insurance companies to raise the rates a certain amount (85% in Utah). If they need to raise it more than that to cover the risk, they will decline you. Health insurance is not something you are entitled to. It is a luxury. If you don't like health insurance, or insurance companies, then self insure. For insurance quotes, go to http://www.myinsurancequotes.net http://www.utahinsurance.org http://www.utahhsa.net

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