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March 23rd, 2010 
QuadsZilla The new health insurance bill that just passed forces a fine of up to $700 per year if you don’t have insurance.
It also states the insurance companies cannot decline coverage for pre-existing conditions.
So: no need to buy insurance. Just pay that fine every year. Pay out of pocket for your minor medical needs every year. Then if you get sick or get into an accident where you need insurance, you buy it on the day you get sick: they can’t turn you down.
It’s like buying fire insurance the day after you house burns down.
All you suckers who are actually paying for insurance before you need it (you know, the way insurance is suppose to work) will be in effect paying my catastrophic risk premium.
Great law there: because the problem with health insurance was that it was too affordable.
Posted in 
Um, I don’t know all the details of the bill, but not refusing is different from ‘charging what they like’. They may not be able to say no, but surely they can charge you a very large figure once you really need them (and are expected to make large claims).
I have a similar situation with my motorbike. Some insurers will not deny me coverage, but they will ask for a yearly premium that is close the as new value of the bike. They don’t want to insure me but also don’t want to refuse coverage (as I believe that is marked on some kind of insurance history here in the UK).
On the flipside if the insurance companies are forced to have a cap on the costs, then wow, what an oversight!
WOW! Great minds must think alike. I’ve payed for ins. (major med. only with high premium) for years “just in case” anything ever happens that we need it–like major disease, etc. This may save me money afterall…because I was thinking the same thing as you guys.
I just read an article that says the new health care plan cannot deny coverage to pre-exisiting conditions starting now, but the “cap” on what the ins. co. can charge doesn’t take effect until 2014.
I pay for all our own doctor bills now, plus monthly ins. premiums of 500.00/month. We pay dr. bills because of the 6k deductible.
If I quit paying for insurance and only pay for my doctor bills I could save the premium costs of almost 6,000 per year. If something major comes along, I could always get insurance because of the NO Pre-Existing clause. GREAT! Now, from 2010 until 2014 I run the risk of paying higher rates IF something major happens during that time and I need insurance. However, I still have a backup savings of 6k per year to put away for that as well. After 2014, the cap goes on so no big deal. The only thing left to deal with is the fine for not buying health insurance.
If the fines and my total dr. bill costs don’t outweigh the cost of medical insurance, then I will have a real win-win situation. Pay the fines and dr. bills. If something major goes wrong, just buy into the insurance health plan at the same rate as everyone else to avoid paying the HIGH DR. Bills.
I was 100% against the health care plan…BUT it is looking better every day for the hard-working American who has had and paid for health insurance for years. I bet those Dems. didn’t think of this one. LOL
Yes, the insurance company won’t reject you and will cover future claims, but they won’t pay for your PREVIOUS injury. That is unless you commit insurance fraud, and lie to them.
Insurance is not retroactive.
There are plenty of good arguments against the bill. This is not one of them.
They cannot deny coverage for pre existing conditions. A broken leg, cancer, a bum heart: all pre-existing conditions. Once you get one, you get the insurances, then you get treatment. What part of this don’t you understand?
I know it flies in the face of what insurance is suppose to be, but that’s exactly the point. The goal of this bill is to bankrupt the insurance companies to setup a for a full government takeover.
dont you think waiting to have a broken leg or a bum heart (or a family member for that matter) is a little risky? i dont know about you, but the last thing i want to say to myself as i fly through my windsheild is “well i guess i better call blue cross & blue sheild and set that up”
They may not be able to turn you down but you’re going to pay a very hefty price for the insurance – a lot more than 700 buck a year. And what it this “accident” or illness leaves you with a chronic condition that will require continued medical care – you’ll have to keep your high cost insurance.
Speaking from my own personal experience – one day everything is fine and the next day a family member has a catastrophic illness such as kidney failure or a routine physical uncovers the fact that a heart valve was injured by strong fever in your youth – now it needs to be replaced. You may be the one of the lucky ones that never has any serious illness or injuries but are you really going to take that chance? You could get hit by a bus tomorrow and if you don’t have insurance you’re screwed.
The bill also requires that the insurance company pay 80 to 85% of your premium on medical costs and if does not (because you haven’t needed it) the premium is to be refunded to you.
I’ve gone back and forth with you on this topic before, but even I will admit that this is far from the last time we will have to address health care in this country. I did want the bill to pass because of the good things it does, but just barely. I kind of think everyone should be pissed right now, both sides. No one really got what they wanted. The only ones who really got what they wanted are the insurance companies and Pharma. Until we get money and lobbies out of our government, neither side will be able to be truly effective in crafting legislation for the people.
Wow, the only person on this page that makes sense. Good job.
Hilarious!
Such a good idea. They obviously haven’t thought these kind of scenarios out yet. I’m interested to see if they will?
I literally LOL’d at this: It’s like buying fire insurance the day after you house burns down.
No, he is right. That is the smart thing to do. The bill dies not allow insurers to charge him a higher amount for the pre-existing condition. I pay $12,000 per year for my family, and will be dropping coverage. I’ll come out far ahead.
Insurance is not retroactive. So let me get this straight. You break your leg, get insurance over the phone…with a broken leg, lie to them saying the broken leg happened days after you had insurance after being without for years, and pray to god the insurance company is retarded and has no idea what insurance fraud is. No, they won’t be looking out for this stuff at all.
Awesome plan.
sorry webster but you just don’t get it. A broken leg is “pre-existing condition”. Under the new bill, they cannot deny for pre existing conditions. No need to lie. Say “yes, I broke my leg today and would like to buy insurance”.
I don’t think your health care arguments are very good – stick to SEO please
I agree with CBP, stick to SEO man. Your post kind of sucks today.
For you guys complaining about his political posts, read a different SEO blog if it bugs you that much. Or create your own. Its his blog and he can do whatever the heck he wants with it.
You’re right. In fact, I already have my blog. And for sure, I will not visit his pages anymore. Count on me, I will unsubscribe me from his RSS feed.
the $2,000/yr penalty on businesses is still cheaper than providing health benefits on average as well.
You do realize it’s a fine OR 2.5% of household income right? $2,500 per year per $100K is a shitload for anyone ballin. I don’t fancy paying five figures a year in healthcare fines.
JOE –
Actually, the only people that got what they wanted were the ones that took bribes for their vote. Isn’t that the greatest?!
It’s for Europeans still a question why you would vote against a bill like this.
For example in Belgium we have a very good social security. Ok, we have almost the highest amount of taxes in the world, but everybody can profit from it. In the end the extra needed health insurance is also a sort of tax (we pay it to the gouvernment, you’re paying it to a commercial company).
Illogical assumption here champ.
1. you won’t get “denied” coverage, but you will get charged through the wazoo for it.
2. Say you get your leg cut off, are you going to tell the ambulance driver “Hey, can we swing by Liberty Mutual first? I just need to buy a policy, then we’ll head to the hospital. Cool?”
Reading the bill first might be a good idea before posting.
1. The bill dies not allow insurers to charge a higher amount for the pre-existing condition.
2. The big ticket items are cancer treatment, heart surgery, liver transplants . . . etc etc. And no, you don’t “swing by” – you buy it on the phone or on teh interweb.
So you read the 2000 page bill before you posted, chachee?
Just read this today…..
From 2010 to 2014: Can’t deny pre-existing conditions AND no cap on amt. ins. co. can charge you.
After 2014: Can’t deny pre-exist. cond. BUT there will be a CAP to keep rate same as everyone else.
The only ones getting screwed with this health care plan are the health ins. companies….they’ve screwed us for years, so I don’t feel sorry for them. BUT, one must wonder…how long will they operate at a loss?