Saturday, February 06, 2010

Angela Braly, CEO Wellpoint on Obamacare

Angela, a close personal friend, was interviewed by the WSJ - in her mild mannered way she pointed out the lunacy of what the Democrats have proposed. The greatest inanity is the creation of guaranteed issue - one can get insurance in the ambulance on the way to the Hospital. New York has it, Indiana doesn't and these are the results:

Depending on the plan, WellPoint's monthly premium for a 20-year-old in Indianapolis, where the company is based, ranges from $53 to $202. But the same young adult looking for similar coverage in Albany would face costs anywhere between $832 and $1,047. Obviously health costs vary across the country, Mrs. Braly says, but these disparities are almost entirely due to New York's regulatory mandates. In a state with 19 million people, 88 New Yorkers between the ages of 18 and 24—88!—have bought WellPoint's best-selling individual insurance product because insurance laws make it perfectly rational not to acquire costly coverage until people need it.

Dean Vermer needs to step in and have a sit down with our callow leader: Ignorant and narcicisstic is no way to go through life, son.

1 comment:

  1. Health care has been hopelessly muddled with health cost and health insurance. For some reason, we're ok with letting you lose your house if your auto liability coverage isn't good enough, but we feel it's fine to stick the health carriers and providers if we're too cheap to buy health insurance before the accident happens.

    If we don't change this attitude, we are going to have this silly argument every 10-20 years. And someday we'll lose it.

    BTW, it's Dean Wormer. Let's not mess up our cultural icons, sir.

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