To be honest, I don't know enough about the regulations in the health insurance field to say how much or how little they affect a small business health insurance start-up. I can say that there's more to it than just regulations, though. Health insurance, like any insurance, is a managed risk pool. The bigger the pool, the more risk you can take on. A small business insurance provider simply could not compete with the established, larger corporations as payouts would probably have to be capped at lower levels.
Yes, but there are plenty of poor "big insurance"
choices right now. It is rare and an exception to find good coverage at a reasonable price. It is impossible to get individual insurance as good as that provided via an employer, because of government regulation. They are simply not allowed to provide it! What's more - I can't believe this is blamed on greed! Health insurance gets an average of 2-3% profit, which is below standard corporate profit. It is simply not a very profitable business, and its problems are not due to greed - they are lack of competition -- again, because of regulations which were meant to stabilize insurance according to insurance companies.
Compare the health insurance industry to the pharmaceutical industry. Vastly different -- pharma is among the most profitable (nearly as profitable as the oil industry is right now -- ). And is anyone cracking down on them? Nope. McCain and Obama have been helping them with healthcare funding under the pretense of reform -- in fact, one such deal in 2009 involved lower prices of drugs for government officials -- and the elderly, by the PhRMA.
As for the short-sighted executives -- I've seen no such thing in health insurance. How about Banking? Oh hell yes! And guess who got bailed out? Sure there's a lot of fuss about bonuses right now, but this is both after the fact and more bark than bite.
You've provided no source and I haven't been able to find one for you, so I can't speak to the budgeting of Medicare (though I've always been told that it historically comes in under budget). However, in terms of relative GDP, $12 billion in 1965 is approx. $97 billion in 1990; $13.5 billion in 1965 would be about $110 billion in 1990 so it doesn't seem all that bad to me--off by 12% for a 25-year prediction.
A source: http://blog.heritage.org/2009/08/04/health-care-reform-cost-estimates-what-is-the-track-record/
I don't know how you are calculating inflation (it is not a linear or simply process), because in this kind of case there will be many imperfections. The inflation rate itself was definitely influenced by debt incurred by Medicaid failures.
Really? Are you sure the majority of people do not want this? Actually you could be right about this specific bill since it's decidedly not universal healthcare which we were all promised. As you may recall, Obama made a big deal about universal healthcare during his campaign and a majority of people voted for him, leading to his election. If you listened to the conservatives, you'd think that they were the majority, that some of them (apparently) begrudgingly voted for Obama, and then were absolutely shocked when he started doing the things he said he'd do if elected. Despite what you may hear on oxymoronically-titled conservative radio shows like "The Wilkow Majority," you're not necessarily the majority.
Recent polling does not show this kind of reform is wanted. http://www.rasmussenreports.com/public_content/politics/current_events/healthcare/september_2009/health_care_reform .. I don't listen to partisan news radio, it is all trash.
I'm sure you're a fine guy/gal in Real Life but my first encounter with you was you saying (in my perception) "I hate Obama and I hope he goes down even if America has to go with him!" If you had instead phrased it as dozens/hundreds of other commenters have in this epic troll story (i.e. this bill is going to destroy the healthcare industry/raise taxes by a bajillion percent/turn us all into Soviet zombies), I probably would have just rolled my eyes and continued on.
Well, it would appear that it's good I did phrase it that way because it gave us both the chance to explore the situation more. I may have been overcompensating in that comment and as such was insensitive.. I'll have to reflect on that.
I read your link explaining one particular breakdown of the plan, and some parts of it certainly sound good. However.. no bill is all evil and there are definite provisions in the bill ("protections")which will further raise costs and further reduce the profits of a floundering industry. This I simply cannot support -- it is a pattern of corruption in our system itself exposing itself. Obama may have good intentions, but I cannot support mandates where a person has no choice! This will always encourage a high level of entropy in the system.
I don't mean to be offensive to you, but I see liberty dying-- there is only so much before the back will break. People like Étienne de La Boétie(1550), Thomas Hobbes(1650), Thomas Jefferson(1750), Mark Twain(1850), and Murray Rothbard(1950) have been struggling intellectually against the use of force and threats to mandate opinions and special interests. The concept of the "Nation State" has been around since around the 1600s... I truly think it has become both too dangerous and too inefficient to continue, and while I will not use force against it, I cannot support the falseness I see.
ETIENNE DE LA BOÉTIE: Tyrants would distribute largess, a bushel of wheat, a gallon of wine, and a sesterce: and then everybody would shamelessly cry, "Long live the King!" The fools did not realize that they were merely recovering a portion of their own property, and that their ruler could not have given them what they were receiving without having first taken it from them.
DISCOURSE ON VOLUNTARY SERVITUDE, ca. 1548
(Translated by Harry Kurz)