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02-25-2012, 08:44 AM   #1
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Join Date: Sep 2006
Location: Wisconsin USA
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Cracks in the wall for ins. co's

interesting post by one of my "logic mates"
Single-Payer Health Care Is Coming To America-Are We Ready? - Forbes
QuoteQuote:
Speaking at a recent conference, Mark Bertolini, CEO and Chairman of Aetna Insurance, announced that the end is near for profit driven health insurance companies. “The system doesn’t work, it’s broke today. The end of insurance companies, the way we’ve run the business in the past, is here.”

In highlighting the reasons for his bold statement, Bertolini called out the ban on medical underwriting propounded by the Affordable Care Act, which Bertolini believes has made the traditional health insurance business model untenable in the long term, while also giving an ‘honorable mention’ to the MLR requirements.

Underwriting is the process of separating out the healthy from those more likely to be ill and then offering coverage to the good risks while passing on the bad ones.
Tecnically he is only a 1/2 logic mate....... there is that "checkbook thing".........

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