NO! To Shameful HEALTHCARE INSURANCE CAPS!

THE FACTS BEHIND THE NEWS
The CNN Ticker said that Sen Max Baucus, his aide Erin Shields and Sen Harry Reid and one of his aides were planning caps on health insurance under the Reform Healthcare Bill.

This appears to be an outright SCAM FOR THE INSURANCE BUYERS. That this scam is being proposed by two members of the US Senate is astounding. Most of the buyers of insurance under the reform bill are not experienced insurance people. When they purchase health insurance I am sure they are expecting full coverage for their medical problems. To try and substitute what amounts to “limited liability” in stead of full coverage is a scam. Is this the private insurance co’s way of replacing “recessions”?

Most of the buyers, certainly those being subsidized, will not have the knowledge or money to buy an additional insurance policy to cover the possible medical costs not covered by the cap policies. To say that the cap policies will cost less is misrepresentation and misleading. Of course they will cost less because they do not pay for the expensive care some will need.

Cap policies will do very little to reduce the 50 to 60 of total bankruptcies due to the inability to pay large medical bills. Of the medical bankruptcies about 2/3 have some medial insurance but not enough.

If this is the thinking of the private insurance co’s and their representatives in Congress I believe the US gov’t should step in with a single payer system and furnish the Reform Bill Healthcare policies.