In this episode Patrick Killelea explains how the US health care reform legislation actually provides incentive for insurance providers to charge even more. Restrictions on the amount of profit that can be made make it attractive to pay more for care and treatment to ensure a higher over-all bill. This might explain why Blue Shield has increased Patrick’s insurance premiums by 73% this year alone. It’s things like this that drive a guy to the streets in protest, which is exactly what Patrick did this week.
You can check out Patrick’s latest adventures in fighting the health insurance companies as well as his excellent financial news information at:
If you are interested in deflation, check out the Deflation Study Group on LinkedIn (open to all LinkedIn members):
You can also listen to my in-depth Deflation 101 podcast.
NOTE: Remember to tune into the Optimistic Bear weekly financial round-up every Tuesday at 9:00pm, Pacific Time. You can also listen to previous shows.
03 February 2011
Posted by Surkanstance at Thursday, February 03, 2011
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