A DIFFERENT TAKE ON OBAMACARE

Many people forget what the definition of INSURANCE really is:

The Patient Protection and Affordable Care Act (Obamacare) has absolutely nothing to do with health care!!! Let’s let that sink in for a moment…This law does not affect or change the world of health care one bit. This is a bill about health INSURANCE.Why would this be important? Because this bill will not make one bit of difference in poor people being able to get quality health CARE.

This might be a bit long so try and bear with it…

Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for payment. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. It is not a method of payment for normal expenses. You have car insurance (or should). This is in case you get into an accident. It does not pay to maintain your car. You still pay out of pocket for that. You still pay out of pocket for gas.

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You may be able to find health insurance that will pay for routine care. This is probably more expensive, but the insurance company may be willing to pay this cost to minimize their risk. For example: an insurer may have data that suggests a yearly physical will reduce the risk of certain illnesses which are more expensive to treat. So if you break down the math (which I’m not going to do for this, as the math is not important for this post) it would be cheaper to pay for 1000 yearly physicals to eliminate x number of more expensive illnesses.

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This is why, prior to the ACA, insurance companies would exclude people for pre-existing conditions. The risk of loss was 100%.

Health insurance is not designed to pay your health care bills. It is a way to manage your risk. Many people, especially younger people, are willing to forgo insurance as their risk of loss is much less than older people.

So what is happening with the ACA is that it will (or has) fundamentally changed what insurance is. It is no longer a way to manage risk. It has become a way to pool payment. By forcing everyone to get insurance with the same minimum coverage (maternity care even if you’re a single male) you are no longer managing your risk. You are now pooling your money with a bunch of other people to pay for care.

Keep in mind that this health care is the same as it has always been, just the method of payment and collecting funds for that payment has changed.

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So why is this important? Because it is the same thing as a single payer system (socialized healthcare) with the exception of single part. This has made each insurer a single payer system unto themselves with the exception that they will only pay after the deductible is reached.

How does this affect you? You will be now be a part of the same type of system that Canada, England, Europe, China, and many other quasi-socialist (or what ever term you chose to use) have. With the exception that you will have to pay your deductible first, which has been reported to be as high as $15000 or higher for the lowest level plan.

So who will benefit from this? Insurance corporations. They will collect huge premiums, and will not have to pay out anything until after you pay your deductible.

Remember… this is what you voted for…

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Clark Kent http://americasff.wpengine.comobamacare

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