Lost.ws Business Resource

Health care reform is a hotly debated topic, no matter what your views are. It seems that nearly everyone can come up with positive as well as negative things to say about it and although a vote on a package is imminent no one has actually seen the entire bill, not even our representatives that will approve or reject it.

The Public Option

One of the main objections that has arisen is that the federal government will destroy competition among insurance companies. The Public Option, which is what they are calling government provided health insurance, could be offered at such a reasonable price that even people who already have insurance might want to be in that program. This would theoretically destroy the independent insurance industry. This would also result in the loss of hundreds of thousands of jobs for the people that maintain the offices and headquarters of insurance companies as well as the salespersons that sell it.

Fines for not having health insurance are a big part of the package. Reasoning that one of the biggest drains on our current health care system is people who are uninsured, employers and individuals would be fined or otherwise penalized for not offering or buying insurance. Under this provision employers might stop offering health care because the fines are less than the cost of employees’ premiums. Likewise, healthy young adults who don’t want health insurance would save money by paying the fine and forgoing the insurance. This presents the problem of not having enough healthy people paying into the system to fund the care of others who need it.

Legislative Reform?

But the biggest objection of all is that of lack of competition. There are respected financial experts who maintain that antiquated insurance laws are what is ruining the health care system. At the present time a person cannot obtain a health care insurance policy from a company that does not operate in his or her state. Therefore, competition is limited and so are a consumer’s options. Doing away with this single law could go a long way toward fixing what’s wrong with the system of health care insurance we now how in the United States.

Less Government Involvement, Better Insurance?

Then there is a very vocal segment of the population and their representatives that maintain government involvement rings a death knell for any program. They cite the nearly bankrupt Social Security, Post Office and Medicare systems as examples of governmental mismanagement of funds. There has already been billions spent on studying the health care problem, creating and rejecting proposals, bribes in the form of Medicaid allocations and more in an attempt to get some kind of legislation passed. Detractors say that’s just a taste of things to come while other maintain that getting a bill passed, even if it’s a bad one, is a start toward good health care for all.

Choose your health insurance provider the smart way: get multiple health insurance quotes online before deciding on the best rate. Search locally for the best rates and include your city or state in your search like… insurance quotes in Miami or health insurance Miami to find the best deals in your area.

Article Source: Health Care Reform. The Other Side