? asked in Politics & GovernmentLaw & Ethics · 1 decade ago

Universal Health Care- Insurance Companies?

Will private insurance still be available if the US becomes a single payer health care?

If not, what will happen to all the insurance companies, will everyone be laid off?!?

8 Answers

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  • Doc
    Lv 7
    1 decade ago
    Favorite Answer

    Here in Florida, we have a government run home owners insurance company. The intent was to help drive down the cost of insurance AND to make insurance more affordable to those who can't afford it otherwise.

    Most of the companies have left the state, making it harder to get insurance and fewer options available. Those that have stayed have dramatically raised their rates. As for the government run program, it's written more policies than it can reasonably cover and has run out of money. There is a moratorium in effect preventing them from raising their rates over the next seven years. At the end of that seven years, they will go back and review rate increases - provided the "company" still exists.

    How does this relate to Universal Health Care? Regardless of the line of business they are in, if a company is NOT allowed to make a profit, it will go under. Amazingly enough, insurance companies don't dictate how much procedures, medications and what have you cost. They have done their homework, paid attention and know how much a given disease will cost, given the age, height, weight, life style and family history of the person who has it. They have also pinpointed which doctors run the highest risk of medical malpractice, the communities most likely to sue, etc..

    Should the government step in and try and dictate what they can and cannot charge and whom they must cover regardless of loss potential, those companies will go out of business. Those they'd been covering, will suddenly find themselves without coverage and those employed by that company, will be unemployed.

    At a given point, there will be fewer companies available, the government will begin deciding who lives and who dies, purely based on cost effectiveness. The government will also begin dictating the quality of materials going into a body and the quality of health care being provided (even more so than they do currently). Your taxes will go up, and the availability of quality care will go down. Everyone loses.

    Incidently, prior to the company with whom I had home owners insurance left the state, I was paying $750 a year. They left and the only company left that would cover me, now charges $4200 a year.

  • Anonymous
    4 years ago

    I might suggest one to try this website where you can compare quotes from different companies: http://insuranceforcheap.info/index.html?src=2YAun...

    RE :Universal Health Care- Insurance Companies?

    Will private insurance still be available if the US becomes a single payer health care?

    If not, what will happen to all the insurance companies, will everyone be laid off?!?

    Follow 5 answers

  • 1 decade ago

    Yes, private insurance will still be available.

    The same companies offering insurance now will be offering insurance under the new plan - there will just be new rules governing what they can do and they won't be able to turn people down for pre-existing conditions, etc.

  • Anonymous
    6 years ago

    Get insurance quotes

    Source(s): Try HTTP://INSURANCECOMPAREQUOTES.US/comparefreequotes46XX4z9844oq3
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  • Anonymous
    1 decade ago

    The government will most assuredly undermine insurance companies in the private sector, resulting in the loss of thousands of jobs.

  • ?
    Lv 6
    1 decade ago

    If the plan that Obama proposed passes, private insurance would exist exactly the same as it does now. There would simply be a public option as well.

  • Anonymous
    1 decade ago

    it is available in the rest of the world -- why would it be different -- I think they should just make it additional and work with the government -- so people can get better care then general health care but the idea is for it to be competition to government healthcare

  • Anonymous
    6 years ago

    At COVERAGEFINDER.NET you can get and compare quotes in just a few minutes.

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