Will we see a revival of "trump care": From the fiscal times... New Data Show Why Trump’s Short-Term Health Plans Are Called ‘Junk Insurance’ Many of the short-term health insurance...

permafrost Loc: Minnesota

From the fiscal times...

New Data Show Why Trump’s Short-Term Health Plans Are Called ‘Junk Insurance’
Many of the short-term health insurance plans being promoted by the Trump administration spent a relatively small fraction of the premiums they collected last year on patients’ medical claims.

Modern Healthcare reports that the five health insurers that collected the most in 2018 premiums from short-term insurance policies spent just 39.2% of every dollar on medical care. The rest went toward administrative expenses or was kept as profit. The data was published last week in the National Association of Insurance Commissioners' 2018 Accident and Health Policy Report.

Under the Affordable Care Act, insurance companies are required to spend 80% of the money they take in from premiums on health care costs and quality improvement. Otherwise, they must pay rebates to enrollees. For comprehensive major medical plans purchased by individuals overall in 2018, the average ratio of medical payments to premiums collected was about 73%, according to the insurance commissioners’ report.

In contrast to Obamacare-compliant plans, short-term plans don’t offer as comprehensive benefits, and they can deny coverage to people with pre-existing medical conditions or charge sicker patients more. As a result, they tend to be much cheaper — but their far lower spending on medical claims is “a stark reminder that short-term plans benefit insurance companies more than the patients who purchase them,” Modern Healthcare’s Shelby Livingston writes. For that reason, critics call them junk plans. “It does raise the question of what kind of value people are getting from these plans," Cynthia Cox, a vice president at the Kaiser Family Foundation, told Livingston.

But the Trump administration has sought to expand access to such plans, and it allowed insurers to extend such policies to a year, up from a previous maximum of three months. Administration officials have argued that the plans give Americans more options for less expensive coverage.

Lonewolf

permafrost wrote:

From the fiscal times...

New Data Show Why Trump’s Short-Term Health Plans Are Called ‘Junk Insurance’
Many of the short-term health insurance plans being promoted by the Trump administration spent a relatively small fraction of the premiums they collected last year on patients’ medical claims.

Modern Healthcare reports that the five health insurers that collected the most in 2018 premiums from short-term insurance policies spent just 39.2% of every dollar on medical care. The rest went toward administrative expenses or was kept as profit. The data was published last week in the National Association of Insurance Commissioners' 2018 Accident and Health Policy Report.

Under the Affordable Care Act, insurance companies are required to spend 80% of the money they take in from premiums on health care costs and quality improvement. Otherwise, they must pay rebates to enrollees. For comprehensive major medical plans purchased by individuals overall in 2018, the average ratio of medical payments to premiums collected was about 73%, according to the insurance commissioners’ report.

In contrast to Obamacare-compliant plans, short-term plans don’t offer as comprehensive benefits, and they can deny coverage to people with pre-existing medical conditions or charge sicker patients more. As a result, they tend to be much cheaper — but their far lower spending on medical claims is “a stark reminder that short-term plans benefit insurance companies more than the patients who purchase them,” Modern Healthcare’s Shelby Livingston writes. For that reason, critics call them junk plans. “It does raise the question of what kind of value people are getting from these plans," Cynthia Cox, a vice president at the Kaiser Family Foundation, told Livingston.

But the Trump administration has sought to expand access to such plans, and it allowed insurers to extend such policies to a year, up from a previous maximum of three months. Administration officials have argued that the plans give Americans more options for less expensive coverage.

From the fiscal times... br br br New Data Show ... (show quote)

Trump's a con artist so naturally he would side with insurance companies who love to sell these worthless plans!
The 44,000 who lost insurance under Obama care had these exact plans you pay your premiums and when you get sick they refuses to pay!

Canuckus Deploracus Loc: North of the wall

permafrost wrote:

From the fiscal times...

New Data Show Why Trump’s Short-Term Health Plans Are Called ‘Junk Insurance’
Many of the short-term health insurance plans being promoted by the Trump administration spent a relatively small fraction of the premiums they collected last year on patients’ medical claims.

Modern Healthcare reports that the five health insurers that collected the most in 2018 premiums from short-term insurance policies spent just 39.2% of every dollar on medical care. The rest went toward administrative expenses or was kept as profit. The data was published last week in the National Association of Insurance Commissioners' 2018 Accident and Health Policy Report.

Under the Affordable Care Act, insurance companies are required to spend 80% of the money they take in from premiums on health care costs and quality improvement. Otherwise, they must pay rebates to enrollees. For comprehensive major medical plans purchased by individuals overall in 2018, the average ratio of medical payments to premiums collected was about 73%, according to the insurance commissioners’ report.

In contrast to Obamacare-compliant plans, short-term plans don’t offer as comprehensive benefits, and they can deny coverage to people with pre-existing medical conditions or charge sicker patients more. As a result, they tend to be much cheaper — but their far lower spending on medical claims is “a stark reminder that short-term plans benefit insurance companies more than the patients who purchase them,” Modern Healthcare’s Shelby Livingston writes. For that reason, critics call them junk plans. “It does raise the question of what kind of value people are getting from these plans," Cynthia Cox, a vice president at the Kaiser Family Foundation, told Livingston.

But the Trump administration has sought to expand access to such plans, and it allowed insurers to extend such policies to a year, up from a previous maximum of three months. Administration officials have argued that the plans give Americans more options for less expensive coverage.

From the fiscal times... br br br New Data Show ... (show quote)

Let the buyer beware

Follow Canada's example

Before the federal government stepped in

Sew_What

permafrost wrote:

From the fiscal times...

New Data Show Why Trump’s Short-Term Health Plans Are Called ‘Junk Insurance’
Many of the short-term health insurance plans being promoted by the Trump administration spent a relatively small fraction of the premiums they collected last year on patients’ medical claims.

Modern Healthcare reports that the five health insurers that collected the most in 2018 premiums from short-term insurance policies spent just 39.2% of every dollar on medical care. The rest went toward administrative expenses or was kept as profit. The data was published last week in the National Association of Insurance Commissioners' 2018 Accident and Health Policy Report.

Under the Affordable Care Act, insurance companies are required to spend 80% of the money they take in from premiums on health care costs and quality improvement. Otherwise, they must pay rebates to enrollees. For comprehensive major medical plans purchased by individuals overall in 2018, the average ratio of medical payments to premiums collected was about 73%, according to the insurance commissioners’ report.

In contrast to Obamacare-compliant plans, short-term plans don’t offer as comprehensive benefits, and they can deny coverage to people with pre-existing medical conditions or charge sicker patients more. As a result, they tend to be much cheaper — but their far lower spending on medical claims is “a stark reminder that short-term plans benefit insurance companies more than the patients who purchase them,” Modern Healthcare’s Shelby Livingston writes. For that reason, critics call them junk plans. “It does raise the question of what kind of value people are getting from these plans," Cynthia Cox, a vice president at the Kaiser Family Foundation, told Livingston.

But the Trump administration has sought to expand access to such plans, and it allowed insurers to extend such policies to a year, up from a previous maximum of three months. Administration officials have argued that the plans give Americans more options for less expensive coverage.

From the fiscal times... br br br New Data Show ... (show quote)

Isn't trump care, no care at all?

Sew_What

Canuckus Deploracus wrote:

Let the buyer beware img src="https://static.onep... (show quote)

How long has Canada had socialized medicine?

What was medical care like before it? Were you alive to be a judge of it?

Canuckus Deploracus Loc: North of the wall

Sew_What wrote:

How long has Canada had socialized medicine?

What was medical care like before it? Were you alive to be a judge of it?

Read the history of socialized medicine in Canada...You can check it out on wiki...

I'm not against it... I'm against the Federal government sticking its nose in and depriving so many of what we worked for,payed fod, and deserve....

permafrost Loc: Minnesota

Canuckus Deploracus wrote:

Let the buyer beware img src="https://static.onep... (show quote)

Health care is a conundrum for me.. when I started a biz and had to buy my own, I could not get it for myself.. so after 5 years of no insurance.. it could have been very bad situation.

Made me very much in favor of national insurance for all.. how to make it happen is a mystery..

talked to my nurse/doctor who did my foot this summer and she said it is the high cost of everything the hospitals etc have to buy... she showed me a trash container made out of PVC pipe, the cheapest one they could get.. excess of $300.. said everything was priced out of reason..

Maybe that is the biggest problem for US health care..

Canuckus Deploracus Loc: North of the wall

permafrost wrote:

Health care is a conundrum for me.. when I started... (show quote)

Could be...

I am not overly familiar with the US system...

I agree with socialized health care...On the provincial scale... Doesn't seem to work so well nationally....

Over here everything is subsidized... Affordable...
But health insurance is private..

Sew_What

Canuckus Deploracus wrote:

Read the history of socialized medicine in Canada...You can check it out on wiki...

I'm not against it... I'm against the Federal government sticking its nose in and depriving so many of what we worked for,payed fod, and deserve....

...SO you want the Canadian health service the handle our medicare system? Or would like to leave the uninsured up to the Hippocratic oath?

It's probably f**e news, unless you personally experienced it.

I work with plenty of people from Canada that must be the biggest minority of people who don't agree with your assessment. They know they won't go broke getting dialysis, an MRI or medication for MS.

lpnmajor Loc: Arkansas

permafrost wrote:

From the fiscal times...

New Data Show Why Trump’s Short-Term Health Plans Are Called ‘Junk Insurance’
Many of the short-term health insurance plans being promoted by the Trump administration spent a relatively small fraction of the premiums they collected last year on patients’ medical claims.

Modern Healthcare reports that the five health insurers that collected the most in 2018 premiums from short-term insurance policies spent just 39.2% of every dollar on medical care. The rest went toward administrative expenses or was kept as profit. The data was published last week in the National Association of Insurance Commissioners' 2018 Accident and Health Policy Report.

Under the Affordable Care Act, insurance companies are required to spend 80% of the money they take in from premiums on health care costs and quality improvement. Otherwise, they must pay rebates to enrollees. For comprehensive major medical plans purchased by individuals overall in 2018, the average ratio of medical payments to premiums collected was about 73%, according to the insurance commissioners’ report.

In contrast to Obamacare-compliant plans, short-term plans don’t offer as comprehensive benefits, and they can deny coverage to people with pre-existing medical conditions or charge sicker patients more. As a result, they tend to be much cheaper — but their far lower spending on medical claims is “a stark reminder that short-term plans benefit insurance companies more than the patients who purchase them,” Modern Healthcare’s Shelby Livingston writes. For that reason, critics call them junk plans. “It does raise the question of what kind of value people are getting from these plans," Cynthia Cox, a vice president at the Kaiser Family Foundation, told Livingston.

But the Trump administration has sought to expand access to such plans, and it allowed insurers to extend such policies to a year, up from a previous maximum of three months. Administration officials have argued that the plans give Americans more options for less expensive coverage.

From the fiscal times... br br br New Data Show ... (show quote)

Trump is cutting out the middle man, and the irritating requirement to pay healthcare providers. Trump's new plan will allow policy holders to deposit their premium payments directly into the offshore bank accounts of his friends, I mean, corporate executives.

Canuckus Deploracus Loc: North of the wall

Sew_What wrote:

...SO you want the Canadian health service the handle our medicare system? Or would like to leave the uninsured up to the Hippocratic oath?

It's probably f**e news, unless you personally experienced it.

I work with plenty of people from Canada that must be the biggest minority of people who don't agree with your assessment. They know they won't go broke getting dialysis, an MRI or medication for MS.

Nope... They won't go broke for the first two.... Might have to wait a while on the second though... Not sure where they're from that the government is paying for their prescriptions..

Didn't bother to even attempt to understand what I wrote... Sad...

permafrost Loc: Minnesota

lpnmajor wrote:

Trump is cutting out the middle man, and the irritating requirement to pay healthcare providers. Trump's new plan will allow policy holders to deposit their premium payments directly into the offshore bank accounts of his friends, I mean, corporate executives.

LOL

Lt. Rob Polans ret.

permafrost wrote:

From the fiscal times...

New Data Show Why Trump’s Short-Term Health Plans Are Called ‘Junk Insurance’
Many of the short-term health insurance plans being promoted by the Trump administration spent a relatively small fraction of the premiums they collected last year on patients’ medical claims.

Modern Healthcare reports that the five health insurers that collected the most in 2018 premiums from short-term insurance policies spent just 39.2% of every dollar on medical care. The rest went toward administrative expenses or was kept as profit. The data was published last week in the National Association of Insurance Commissioners' 2018 Accident and Health Policy Report.

Under the Affordable Care Act, insurance companies are required to spend 80% of the money they take in from premiums on health care costs and quality improvement. Otherwise, they must pay rebates to enrollees. For comprehensive major medical plans purchased by individuals overall in 2018, the average ratio of medical payments to premiums collected was about 73%, according to the insurance commissioners’ report.

In contrast to Obamacare-compliant plans, short-term plans don’t offer as comprehensive benefits, and they can deny coverage to people with pre-existing medical conditions or charge sicker patients more. As a result, they tend to be much cheaper — but their far lower spending on medical claims is “a stark reminder that short-term plans benefit insurance companies more than the patients who purchase them,” Modern Healthcare’s Shelby Livingston writes. For that reason, critics call them junk plans. “It does raise the question of what kind of value people are getting from these plans," Cynthia Cox, a vice president at the Kaiser Family Foundation, told Livingston.

But the Trump administration has sought to expand access to such plans, and it allowed insurers to extend such policies to a year, up from a previous maximum of three months. Administration officials have argued that the plans give Americans more options for less expensive coverage.

From the fiscal times... br br br New Data Show ... (show quote)

Did Trump Care ever get off the ground? I know I've received many offers, but I have a few already.

woodguru

permafrost wrote:

talked to my nurse/doctor who did my foot this summer and she said it is the high cost of everything the hospitals etc have to buy... she showed me a trash container made out of PVC pipe, the cheapest one they could get.. excess of $300.. said everything was priced out of reason..

Maybe that is the biggest problem for US health care..

Exactly, under a universal system the first thing to address would be the for profit abuses that cost the government tens of billions of dollars. No more $8000 xrays when they should cost $200, no more $50k a week chemo therapy or $1100 insulin that should cost $100, no more $10k emergency care diagnosis for a cold that would cost under $100 in a clinic setting.

The for profit system will be paying for our healthcare, people already pay for healthcare...way too much

emarine

permafrost wrote:

From the fiscal times...

New Data Show Why Trump’s Short-Term Health Plans Are Called ‘Junk Insurance’
Many of the short-term health insurance plans being promoted by the Trump administration spent a relatively small fraction of the premiums they collected last year on patients’ medical claims.

Modern Healthcare reports that the five health insurers that collected the most in 2018 premiums from short-term insurance policies spent just 39.2% of every dollar on medical care. The rest went toward administrative expenses or was kept as profit. The data was published last week in the National Association of Insurance Commissioners' 2018 Accident and Health Policy Report.

Under the Affordable Care Act, insurance companies are required to spend 80% of the money they take in from premiums on health care costs and quality improvement. Otherwise, they must pay rebates to enrollees. For comprehensive major medical plans purchased by individuals overall in 2018, the average ratio of medical payments to premiums collected was about 73%, according to the insurance commissioners’ report.

In contrast to Obamacare-compliant plans, short-term plans don’t offer as comprehensive benefits, and they can deny coverage to people with pre-existing medical conditions or charge sicker patients more. As a result, they tend to be much cheaper — but their far lower spending on medical claims is “a stark reminder that short-term plans benefit insurance companies more than the patients who purchase them,” Modern Healthcare’s Shelby Livingston writes. For that reason, critics call them junk plans. “It does raise the question of what kind of value people are getting from these plans," Cynthia Cox, a vice president at the Kaiser Family Foundation, told Livingston.

But the Trump administration has sought to expand access to such plans, and it allowed insurers to extend such policies to a year, up from a previous maximum of three months. Administration officials have argued that the plans give Americans more options for less expensive coverage.

From the fiscal times... br br br New Data Show ... (show quote)

MONEY FOR NOTHING BUT THE LIES ARE FREE... TRUMP SUCKS BUDDY