Would more non-profit health insurance companies help the insurance problem?

United States
September 11, 2009 10:08pm CST
I worked in health insurance for many years. I found the insurance companies to often be difficult to work with and somewhat unethical. Just like oil companies, seeing insane profits from health insurance companies makes me ill. Please don't get me wrong -- I am very much pro-capitalism and for free market competition. But, reform is needed. Let me first be clear that I do not support a government option. Rather, I'd like to see more non-profits appear. This would ultimately force the for-profit insurance companies to respond to the competition. Would this work? Why or why not? What's your solution to the insurance crisis? (Not healthcare crisis)
1 person likes this
4 responses
@sid556 (31029)
• United States
12 Sep 09
I'm not sure just what would work....only that something completely different needs to be tried. Forcing people to purchase health insurance and fining them if they don't kind of scares me. I had insurance thru my work which I was paying 37.00 per week for. I had it for years and used it only once. I gave it up because it was going to go up and to be truthful, I couldn't even really afford the 37.00 per week. I barely get by on my income now. There is absolutely no way I could afford to purchase insurance at this point. I struggle to pay my auto insurance each month.
• United States
12 Sep 09
the biggest problem i have with health insurence companies is they are getting there money from people and not paying there hospital bill or paying only some of it like my husband pays for his health care and he gets bills all the time what is up with that i thought thats what he pays for health care for what is the point of having it if they are not going to pay for what they are supose to, also i believe everyone needs health care there has to be a way for that to happen , i am disabled and can't get it because of that and no i do not get medicare or medicade the only thing i get is meds and have to pay a copay for them exept when i was pregnet they refused to pay for prenatle vitamins which made no sence to me but there are millions of people out there that are in this same boat and for those who think when you are on disibility you get health care thats wrong becuse i am on it and can't get health care and i am not the only one, i think people from all parties and others involved should come together and come up with a plain that would really work for everyone. if not more people are going to be dieing
@Taskr36 (13874)
• United States
12 Sep 09
It still wouldn't fix the real problem. Health care costs are just way too high in this country. The insurance companies could never have such high rates if the cost of health care wasn't so high. They're doing it because they can. If the government would take steps to lower the cost of health care, then insurance companies would have to lower their rates as well or be ignored. More competition is a good idea of course, but insurance companies are not the root problem.
@markodoom (245)
• United States
12 Sep 09
First its good and refreshing to read from a capitalist in support of reform of health care insurance and especially somebody who has worked in the insurance industry. I think the President's goals as laid out in his Speech (and in my experience from listening to ALL his town halls, meetings and speeches over the past few months- totally consistent) are 100% spot on and right on the money. He's also made it clear that he believes in a government option but is open to discussion for better ideas but as you say - there has to be at least one POWERFUL option on the exchange that is NOT driven by the profit motive. I'm British and proud of the National Health Service there and brought up believing and believe very strongly that when you're very sick, you should not have to worry about the cost. In this debate though I've seen some very interesting arguments outlining that we AL should take some responsibility on cost and it should not be free...so I believe EVERYBODY should have some form of insurance according to their means - but they MUST have skin in the game. I could go on but I hope you get the jist of my position