CNBC : reported that Maybe it's time to pull the plug on health insurance —Commentary

The OpenSecrets.org watchdog site shows that the insurance industry overall has spent $78.6 million in lobbying this year alone, with the health insurance giant Blue Cross/Blue Shield the top overall spender at more than $9 million. Maybe "health" and "insurance" simply don't mix, considering the fact that poor health is basically a certainty for all of us and the insurance model is based on hedging against less likely outcomes. Other than the old "major medical" plans that could help defray the cost of unexpected emergency care, health insurance doesn't really make sense if the goal is to reduce costs and/or improve access to care. What would disappear is the ability of all our health care providers to mask their true prices and costs. It's about removing a series of unfair political, financial, and cultural advantages health insurers have enjoyed for too long.

Trump has a plan to make health insurance more expensive for you and the government

(Jabin Botsford/The Washington Post)President Trump is trying to decide whether he wants to make health insurance more expensive for people purely out of spite. But when it comes to copays and deductibles, it puts a strict cap on how much insurance companies can make people pay. So to deal with that, Obamacare sets an even lower limit for low-income people, and forces insurance companies to eat the costs. Those are just the subsidies the government gives insurance companies to make up for the fact that they are now required to subsidize their poorer customers themselves. Now, this actually wouldn't be a big deal for people who got health insurance subsidies, since those go up as premiums do, but it'd be a disaster for everybody else.

Cancun's coral reef receives a health insurance policy

Protecting paradiseOne characteristic that made the Mesoamerican reef near Cancun a good place to test reef insurance is that the reef is already in good health. You likely use life, health and auto insurance — but what about reef insurance? "Our interest is in changing the way people see these natural assets and finding ways to protect them with science and with funding," she said. The collective pot of insurance premiums is between $1 million and $7 million, reported the Guardian, and the insurance payout will be between $25 million and $70 million per year. "If you protect these natural assets, you also get improvement of fishery health, water quality and coastal ecosystems and how they store carbon in their salt-soaked soils."


collected by :Lucy William

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