Comments on: Government Stake in Health Care Giant May Present Conflict of Interest http://www.healthinsuranceblogs.net/government-stake-in-health-care-giant-may-present-conflict-of-interest/ A health insurance blog Thu, 09 Feb 2012 16:04:58 +0000 http://wordpress.org/?v=2.6.2 By: Kirsten http://www.healthinsuranceblogs.net/government-stake-in-health-care-giant-may-present-conflict-of-interest/#comment-240 Kirsten Wed, 25 Feb 2009 18:18:40 +0000 http://www.healthinsuranceblogs.net/?p=205#comment-240 The money given to AIG has NOTHING to do with healthcare. Seriously, these topics are not even related. The money given to AIG has NOTHING to do with healthcare. Seriously, these topics are not even related.

]]> By: Bud L http://www.healthinsuranceblogs.net/government-stake-in-health-care-giant-may-present-conflict-of-interest/#comment-239 Bud L Wed, 25 Feb 2009 17:46:01 +0000 http://www.healthinsuranceblogs.net/?p=205#comment-239 One would be tempted to say that losses (even up to $180 B) for a single company for "the good our nation's citizens" overwhelmingly takes precedence. Remember that is ostensively why the $'s were infused into AIG in the first place. However, AIG is much more than a health insurer and a new law/program resulting in losses to that portion of its business should only be a fraction of the taxpayer's dollars. But, if it will do this to AIG it will have the same effect on all other health insurers. We might ask the question if that is something in which we find a conflict of interest. As I understand it, the government's health insurance plan will offer health insurance products that will compete with private companies so as to get those currently uninsured (I'm not sure about uninsurable by current standards as the devil is surely in the details) insured. What does insured mean. If it is a "Cover Florida" approach I suspect many people will keep their private insurance. But many others will probably "buy" into the government product. Who can really proffer a guess until we see the details? Who knows? Maybe the current health insurance industry as we know it will be resigned to only being third-party administrators of government products with their current employees on the government payroll. I mean why create a whole new bureaucracy One would be tempted to say that losses (even up to $180 B) for a single company for “the good our nation’s citizens” overwhelmingly takes precedence. Remember that is ostensively why the $’s were infused into AIG in the first place. However, AIG is much more than a health insurer and a new law/program resulting in losses to that portion of its business should only be a fraction of the taxpayer’s dollars. But, if it will do this to AIG it will have the same effect on all other health insurers. We might ask the question if that is something in which we find a conflict of interest.

As I understand it, the government’s health insurance plan will offer health insurance products that will compete with private companies so as to get those currently uninsured (I’m not sure about uninsurable by current standards as the devil is surely in the details) insured. What does insured mean. If it is a “Cover Florida” approach I suspect many people will keep their private insurance. But many others will probably “buy” into the government product. Who can really proffer a guess until we see the details? Who knows? Maybe the current health insurance industry as we know it will be resigned to only being third-party administrators of government products with their current employees on the government payroll. I mean why create a whole new bureaucracy

]]> By: Dan http://www.healthinsuranceblogs.net/government-stake-in-health-care-giant-may-present-conflict-of-interest/#comment-238 Dan Wed, 25 Feb 2009 17:10:46 +0000 http://www.healthinsuranceblogs.net/?p=205#comment-238 I think Obama will stand behind his beliefs, even if it isn't in the best interest of the insurance company. I think Obama will stand behind his beliefs, even if it isn’t in the best interest of the insurance company.

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