Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 11-13-2012, 03:44 AM   #101
Thinks s/he gets paid by the post
 
Join Date: Mar 2011
Posts: 3,695
Quote:
Originally Posted by BLS53 View Post
I foresee a whole cottage industry of accountants, attorneys, and insurance agents, sprouting up in relation to this law. Not to mention the growth in government bureaucracy that will be required to administer it.
Orwell calls it "Job Creation"
__________________

__________________
Living well is the best revenge!
Retired @ 52 in 2005
marko is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 11-13-2012, 06:47 AM   #102
Moderator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Rocky Inlets
Posts: 24,412
Quote:
Originally Posted by dgoldenz View Post
Just read this whole thread and the linked articles/documents. As someone who sells health insurance, I will just say...what a mess. If a message board full of highly-educated people can't understand it, how does anyone expect your average American to understand it?

Part of the sales process is the "explain it to me like I'm 5 years old" method so that your average person can understand what they are buying. There is no way to explain this to a 5 year old....none. I can't wait to have these fun conversations with my clients over the course of the next few years.
The insurance industry in general has done an amazing job of offering products with contracts, terms and conditions that no one understands, with the exception of the attorneys that write the literature - and even then who can be sure? Products that meet common standards, can be offered and explained in simple words is a great step forward IMHO.
__________________

__________________
MichaelB is offline   Reply With Quote
Old 11-13-2012, 06:53 AM   #103
Moderator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: Rocky Inlets
Posts: 24,412
Quote:
Originally Posted by BLS53 View Post
I foresee a whole cottage industry of accountants, attorneys, and insurance agents, sprouting up in relation to this law. Not to mention the growth in government bureaucracy that will be required to administer it.
There already is an entire industry of specialized professionals that interface between users and providers of health care services to deal solely with the terms, conditions and finances of insurance. Just look inside every hospital or medical practice. In addition, most employers have benefits specialists to choose and administer policies for employees. The availability of standard insurance policies for the majority of people is an enormous opportunity for productivity improvement for hospitals, clinics, and businesses in general.
__________________
MichaelB is offline   Reply With Quote
Old 11-13-2012, 08:45 AM   #104
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Sep 2005
Location: Northern IL
Posts: 18,261
bold mine:
Quote:
Originally Posted by MichaelB View Post
There already is an entire industry of specialized professionals that interface between users and providers of health care services to deal solely with the terms, conditions and finances of insurance. Just look inside every hospital or medical practice. In addition, most employers have benefits specialists to choose and administer policies for employees. The availability of standard insurance policies for the majority of people is an enormous opportunity for productivity improvement for hospitals, clinics, and businesses in general.
I agree, but the key word there is 'opportunity'. Will it be realized, or will it look like that other product from this group, our tax code? We can hope....

-ERD50
__________________

__________________
ERD50 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 11:09 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.