Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Re: Medical records and insurability
Old 04-09-2007, 11:43 AM   #21
Full time employment: Posting here.
Join Date: Dec 2006
Posts: 860
Re: Medical records and insurability


Originally Posted by FIRE'd@51
The problem with this argument is that these "bad" state laws and regulations apply to all other insurance companies who issue Individual Insurance policies, not just MOH. So that means anyone who buys an Individual Insurance policy faces the risk that their carrier will choose to go the same route as MOH. How can one ever have "peace of mind" living under that threat?
Point taken! I guess you can't! I guess my biggest point here is that people are so quick to blame the "evil" insurance companies for leaving the market, when in all actuality, they would have stayed in the market if they could continue to be profitable. Too much regulation forces mandates on these carriers that makes it unprofitable to continue to do business, yet we blame the insurance company for leaving when we should be blaming the legislators for irresponsible legislation. Would you continue to invest in an investment that causes you to lose money just for the common good?

The only thing we can do is encourage our legislators to stay away from "community rating" and/or "price controls", and the the problem won't occur in the first place! I mean, the very problem this legislation is supposed to solve eventually hurts more people than it helps! The short-sightedness always amazes me.

mykidslovedogs 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 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!


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 03:34 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.