Today marks a l mark decision by the Supreme Court of the United States: the affordable care act is now here to stay. Health care is a cause dear to my heart. My father has suffered through the process ever since I was 15 and he had open heart surgery. He struggled through all the discrimination and black listing from insurance companies under the protection of their term “un-insurable.”
I will never forget the days before the affordable care act. If you bared the title “un-insurable” your insurance company would hike up premiums beyond the reach of most people. At one time my father was paying $2,000 a month ($24,000 a year) for major medical which didn’t cover routine or preventative care, no prescription coverage, and life time caps on medical care costs.
Like most democrats, I believe in the public option. I hate listening to conservatives describe the affordable care act as a government take over of health care. Most developed countries countries have socialized medicine and the people enjoy the benefits. My husbandand I have a friend in Alberta, Canada and she wouldn’t trade her coverage for the American system for anything.
The system we have in place is a purely capitalist system. The law opened up competition in the market and insurers can no longer cherry pick healthy customers only to drop them when they get sick. Car insurance companies are only allowed a 1% profit margin between what they collect and what they pay out. Under the new law, health insurance companies are now allowed to make up to a %15 profit margin. As a licensed life and health insurance agent I can speak from experience how disgusting the industry was in the dark days before insurance reform. Agents’ bonuses were calculated based on their premium versus expense per account. If the profit margins weren’t high enough, agents were reprim ed and advised by underwriters to drop the customer immediately. The affordable care act protects the people’s interest and subsidizes their costs.
And by the way, the following statement makes no sense:
We need to fix the VA healthcare system… and get rid of Obamacare. Socialized medicine is a horrible idea… but we need to fix the VA system.
For those of you who are not aware, the VA system (as well as TriCare for active and retired Armed Forces) is the very definition of socialized medicine! Retired personnel pay a small monthly premium (usually in the neighborhood of $30/month) and have ZERO out-of-pocket expenses for military care that they receive either at the VA hospital or on a military base. Luke Air Force Base in Arizona has a two pharmacies, and they dispense medicine to military men and women and their families without charging them a co-pay. Even off-base treatment usually only carries a $25 co-pay. I know, your gr mother is probably on TriCare and still hates the idea of socialized medicine… but have you told her how much your monthly premium is? Oh yeah, and your other gr mother; the one on MediCare? That’s socialized medicine, too!