Jerry;

A strange scene: Republicans asking for regulation of business. Oh, I forgot – is it an election year?

Medical Insurance and the “medical industry” are a serious issue.

Tom



>>These things happen at our age! :-)
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>Unfortunately, I think that 'age' has a lot to do with it -- descrimination.
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>My term life insurance policy just cycled it's 15 year term. It cost me $53/month for $250,000. The new policy will cost me $250/month for the same insurance. You couldn't say 'get lost' any clearer than that. Amoritization tables are supposed to be used vertically, not horizontally, as life and health insurance companies are now doing. Pure greed. Nothing else. Instead of amortorizing loss across all age groups (vertical) they do it within age groups. So, the 20-30 year olds get the best rates, but they are also the source of the greatest profits because they have fewer deaths and illnesses. the 60-70 year olds are lucky if they can afford insurance at all. I was able to get a new life insurance policy at $73/month for $100,000 on a twenty year term, but only because I purchased it while my previous insurance was in force.
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>While I am on a soap box let me mention another greed scam -- 'coordination' of benefits of health insurance. If I want to buy two or three health insurance policies that's my business. It is nothing less than a monoply practice that sets of conditions that favor the insurance companies so once-sidedly. My mother-in-law, who lived with us for 18 years, had a BCBS policy from her husbands employment. It payed 100% intitally. Over the years they gradually reduced it to 80/20 copay. The real rip comes with medicade/medicare. When she filed a claim BCBS 'coordinated' with medicade/medicare and only paid the difference between what the policy allowed and what medicare/medicade paid, which was sometimes ZERO bucks. Any way you look at it that amounts to nothing more than welfare for corporations, and it one reason why health insurance costs are so high -- they can gobble up at the gov trough. Congress should be looking at this along with the corrupt accounting practices.
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