A Quote by Joe Biden
You know we're going to control the insurance companies.
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The best thing that is happening with the health care is premiums will come down. We'll have tremendous competition; you know, we're getting rid of the border state lines, and we're going to have tremendous competition. We're going to have insurance companies fighting, like life insurance. You know, we - life insurance, you have these companies that are like - like going all over the place. We're going to have a tremendous - tremendously competitive market and health care costs are going to be forced down.
Well, I'm telling them two things. One is that, look, this is going to be something when the American people realize - once it's passed - that, A, it does take care of preexisting conditions; B, you're insurance rates aren't going to skyrocket; C, the insurance companies aren't going to be running the show like they were before; D, you're going to be in a position where you can keep your insurance that you have. That once the American public realizes that, you're going to get a reward for this. They're going to be rewarded.
In most of the USA, the three largest health insurance companies in each state control 80 percent of the market. No wonder premiums are going up.
We're going to stand with working people. We're going to take on the billionaire class. We're going the take on the drug companies and the insurance companies. We're going the take on Wall Street. That's where I think the future of the Democratic Party lies.
I really have aproblem with the fact that insurance companies don't see infertility as a medical condition requiring coverage. I do want there to be some pressure on the insurance companies.
Insurance companies don't necessarily want to invest in your wellnes because you're likely to switch insurance companies within 10 years. They don't benefit from their investment in you.
What the insurance companies have done is to reverse the business so that the public at large insures the insurance companies.
Obamacare is dead. Obamacare right now, all the insurance companies are fleeing. Places like Tennessee have already lost half of their state with the insurance companies. They're all going. Obamacare, John, is dead. Okay, because we're being - we're being compared to Obamacare. Just, so. Obamacare doesn't work.
Insurance companies, drug companies are going to have to be ponying up, partly because right now they're receiving huge subsidies.
Nobody likes insurance companies, especially health insurance companies.
The insurance companies make about $15 billion a year. They have doubled their profit margin under Obamacare. And so now we're going to take a lot of this and call it a stabilization fund, but really it's a bailout of insurance companies. And I just think that's wrong. I just can't see why ordinary, average taxpayers would be giving money to very, very wealthy corporations. An analogous situation would be this: We all complain that new cars cost too much. Why don't we have a new car stabilization fund and give $130 billion to car companies?
Right now in the insurance markets, we have sort of a disaster unfolding, a downward spiral, adverse selection, premiums in the individual market going through the roof. People can't afford insurance and insurance companies are losing hundreds of millions of dollars. If you repeal part of Obamacare to get rid of the individual mandate but keep some of the ideas, that people can still buy insurance after they're sick, the situation gets extraordinarily worse. And so what we're seeing now could be tenfold greater if you only repeal part of Obamacare.
Insurance companies as they exist today are going to be eliminated.
Free financial advice: buy life insurance for Saakashvili from US and UK insurance companies.
You can't go to insurance companies and say, you know what, we're not going to change anything having to do with the pool from which you - you draw your people. We're not going to do anything. But guess what, you can no longer allow for pre-existing conditions to disqualify somebody. And they go, oh. OK. How do I pay for that?
I want to know if I look up a whole lot of books about some form of cancer that that's not going to get to my insurance company and I'm going to find my insurance premium is going to go up by 5% because they've figured I'm looking at those books.
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