Friday, 30 June 2017

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As co-blogger Mike wrote about on Wednesday, 10 month old Charlie Gard has lost his fight:

"The parents of terminally-ill baby Charlie Gard are 'utterly distraught' and facing fresh heartbreak after losing their final appeal in the European Court of Human Rights."

And, as Mike pointed out, there is true irony in the court's name.

But it's his conclusion that I think needs to be magnified:

"It would not be different in America."

Here, Mike's referring to that ultimate progressive utopia: a government-run, single payer health care system. And this is the true moral of little Charlie's story: it's clearly not about the money, but has always been about control.

How do we know this?

Very simple: they explicitly told us.

Hunh?

Well, go back and read the Daily Mail story that Mike linked. Charlie's parents weren't asking for special care, or special funding, or that the Much Vaunted National Health System© (because ultimately, they own this) do anything more than get out of the way. They had already successfully raised almost $2 million in order to take him to the US for a promising therapy trial. It would have cost the MVNHS© (and the European Court) exactly nothing to let him go.

Well, that's not entirely true: because if they let Charlie go, well, Katie bar the door.

It's all about control. And if you like the idea of the IRS (for example) deciding who gets care - and who doesn't - well, be careful what you wish for.


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Thursday, 29 June 2017

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Still think you can keep your plan?

First up, FoIB Jeff M alerts us to this news:

"95 percent of N.C. counties expected to have just one ACA insurer next year"

Adding insult to injury:

"Blue Cross and Blue Shield of North Carolina announced that it has filed for a 22.9 percent rate increase"

Next, FoIB Holly R tips us that "Premier Health plans to exit Ohio's federally funded health insurance exchange." They're sticking it out, though, in the off-Exchange market.

For now.

#ACAWinning


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Wednesday, 28 June 2017

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At some point, the state legal system, not the family, will decide whether further care will be permitted - even if the family has raised the money to continue treatment. 

"The ECHR (European Court of Human Rights) announced the application to the court by the parents was 'inadmissible' and added that their decision was 'final'.

Court of Human Rights,  eh?  Take notice.  This is what "human rights" means, in a government, single payer medical insurance scheme.  

It would not be different in America.

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Early in my career, before I decided to focus solely on the life/health side of this business, I got my Property/Casualty license and sold a few home and auto policies, and one batting cage plan.

Hunh?

Well, one day a call came in from a person who was planning on opening a batting cage business, and needed help with the liability. Since I was still pretty much a newbie who didn't know any better, I said "sure!"

Then I went looking for a carrier.

Turned out that (at least in the mid-80's) batting cages are a big problem from a liability standpoint, and none of our carriers would even quote it. So I turned to what's called the "excess market," and was able to secure coverage through an arrangement with Lloyd's of London (really!). As I recall, it wasn't a particularly high dollar case, but it was certainly an eye-opener.

Since that time, I no longer dabble in that side of the business, and don't really have any need for a LLoyd's connection. But that doesn't mean that the famous firm doesn't have a place on this side of the business. This morning, FoIB Jeff M sent me a link to a very interesting article about how Lloyd's was able to help a successful investment firm arrange for $50 million of key man disability insurance. This type of plan pays the business if the executive becomes disabled. It isn't ubiquitous, but it's also not unheard of. The challenge is in the amount at risk: $50 million is a lot of coverage, and the firm's regular insurance folks had to turn to LLoyd's to fulfill the order.

Anyway, it's a very interesting case study that proves the old saying (which I made up years ago) that you can insure anyone for anything .... if money's not an object.


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■ From the Oy, Canada! Department, our friend WeirdDave alerts us to a report on how that free health care's working out for our Neighbors to the North©:

"Canadians who need medically necessary surgeries waited longer than ever for treatment"

And the average was about 5 months! But hey, free.

■ And speaking of "free" health care, our friends across The Pond prover once again that government-run health care schemes are no bargain:



■ And finally, you just know that ObamaCare's in free-fall when a high profile Democrat congresscritter explicitly admits it on camera:




[Courtesy WeaselZippers and FoIB Rich W]


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Tuesday, 27 June 2017

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Sometimes I feel very coddled: I practice in southwest Ohio, and rarely hear about shenanigans in the exact opposite corner of the state, which also happens to be the home turf of Medical Mutual of Ohio. They keep me in the loop regarding products and marketing decisions, but today I got this "Special Broker Update" from them:

"For years, we’ve wondered why we couldn’t win government and other public sector business in Northwest Ohio, despite submitting what we believe were very competitive bids. Recently we learned through a public records request that our chief competitor for this business has likely violated Ohio’s ethics laws. As a result, Medical Mutual filed a lawsuit today against FrontPath Health Coalition."

Yikes!

The email goes on to address specific instances and cites public records. Unfortunately, I know nothing of the background save for this email, so I've reached out to MMO's Media Relations folks to help fill in some of the gaps. In the meantime, interested readers can click here for a copy of the Special Update.


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Another wonderful renewal case study. As we've reported over the years, we have a number of grandmothered plans ("If you like your plan, you can keep it.")("But make no changes"). Ralph and Laura (and their son) have a Medical Mutual "Wellness HSA" plan: $3,000 per person/$6,000 per family deductible, the 100% (and includes "free" annual physicals).

Their current rate is $844, and is slated to increase some 14% (to $960 per month) in September.

Yikes.

Except:

Went to the 404Care.gov site, and found that things could be worse.

The Cheapest plan, from CareSource, runs just over $800 a month, and sports a $13,300 family deductible (and an additional additional $1,000 out-of-pocket maximum). So they'd save $2,000 a year, but take on over $83,000 in additional risk.

The Closest I could find was Premier Health Gold, with a $3,500 individual deductible, but $12,000 family maximum, for a bargain basement $1,600 monthly premium.

Now granted, these are not apples-to-apples comparisons, but as close as we can really get. Sad.


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