“While a U.S. fleet is deployed to patrol the South China Sea with the assistance of Japanese destroyers, the Kushner family, visiting in Beijing, peddles visas for investments in New Jersey. What message is our government sending China?”
I signed it with my retired military rank and that must have had something to do with their accepting it. However, to my mind it just throws out a thought – it doesn’t try to suggest the solution to a problem nor try to educate. This next entry I had sent in earlier and I felt it was important to try and have people understand that some things in our healthcare system just wouldn’t work. I also managed to keep it at exactly 300 words. They didn’t publish it – go figure!
“ When oh when are our elected representatives, including their chief who is supposedly an expert “businessman”, going to wake up to the fact that continuing to expect a health care plan that includes commercial insurance as a basis and that requires such insurance to include coverage for all forms of pre-existing conditions, is impossible?
With the exception of life insurance, the first lesson learned by all insurance underwriters is that they cannot insure a burning house. This is a situation considered by insurers to be “adverse selection” in their lingo. Well, they could, but only if the premium for doing so would be equal to the cost of replacing the house plus a modicum of profit. The unique and rarely understood thing about insurance companies, excluding life insurance and a few other special forms, is that they are the only business that does not know the cost of its product at the time it is sold. It takes actuaries working with statistical data and complicated analysis together with such concepts as “spread of risk” and the protection of “reinsurance” to make it possible for the underwriter to determine the price of his company’s product. They have a saying in the insurance business that their underwriters are driving the car while the actuary with them is looking out the rear window telling them which way to steer.”
There is only one way to provide health care coverage to those that have pre-existing conditions and that is through a single provider concept such as a government supported national health plan, the cost of which would be borne by everyone. Some of that cost resulting from individual circumstances could be extremely high keeping an elderly person alive which could conceivably lead to the requirement for the use of “death panels”. Think about that.”