Wednesday, February 2, 2011

A Child's Fable: Savings

Medical Insurance Saga Continues


Today Mr. Millenson of Forbes asks why people don't care about health insurance?
"Why aren't the Uninsured Protesting in the Streets Like the Egyptians?"

Maybe the uninsured could learn something from Egyptians and the Arab street. At a time when landmark health reform granting most of the uninsured access to medical care for the first time in their lives is being seriously threatened, protests by the uninsured themselves are nowhere to be seen.
Michael Millenson Feb 1 2011 http://blogs.forbes.com/sciencebiz/2011/02/01/why-arent-the-uninsured-protesting-in-the-streets-like-the-egyptians/?partner=yahootix#post_comments

And Factbox states that people will be fined for not buying health insurance
"Basic provisions, timeline for US health law"

2014: People must have health insurance or pay a fine. Penalties for those who do not buy coverage will be phased in and reach $695 by 2016 or 2.5 percent of household income, whichever is greater. Subsidies will be offered to help people buy plans.
Factbox Tue Feb 1, 2011 2:55pm EST www.reuters.com/article/2011/02/01/usa-healthcare

When people see headlines regarding the cost to buy health insurance: 
"Pelosi unveils $894 billion House health care plan" http://www.msnbc.msn.com/id/33531099/ns/politics-health_care_reform


And the bill is proposed by people that are worth millions 
The Pelosi family has a net worth of nearly $12.5 million as of 2008, largely from investments. In addition to their large portfolio of jointly owned San Francisco Bay Area real estate, the couple also owns a vineyard in St. Helena, California........... http://en.wikipedia.org/wiki/Nancy_Pelosi

Maybe nobody wants to buy health insurance. Perhaps people would rather pay medical care providers directly rather than fund medical insurance companies.