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Why Old Fart Hates Obama

makapaaa

Alfrescian (Inf)
Asset
<TABLE border=0 cellSpacing=0 cellPadding=0 width=452><TBODY><TR><TD vAlign=top width=452 colSpan=2>August 15, 2009, 10.47 am (Singapore time)
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</TD></TR><TR><TD vAlign=top width=452 colSpan=2>Obama says insurance companies holding US hostage
* Town halls in Montana on Friday, Colorado on Saturday
* Obama faces mostly friendly crowd
* Critics say plan too expensive for US economy


<TABLE class=storyLinks border=0 cellSpacing=4 cellPadding=1 width=136 align=right><TBODY><TR class=font10><TD width=20 align=right> </TD><TD>Email this article</TD></TR><TR class=font10><TD width=20 align=right> </TD><TD>Print article </TD></TR><TR class=font10><TD width=20 align=right> </TD><TD>Feedback</TD></TR></TBODY></TABLE>
BELGRADE - US President Barack Obama, pushing for healthcare reform during a trip to the West, said on Friday the country was 'held hostage' by insurance companies that deny coverage to sick people.

<TABLE class=picBoxL cellSpacing=2 width=100 align=left><TBODY><TR><TD> </TD></TR><TR class=caption><TD>Mr Obama repeated his promise not to raise taxes on people earning US$250,000 or less a year</TD></TR></TBODY></TABLE>Mr Obama, on a multi-state swing to tamp down vociferous opposition to his top domestic priority, targeted insurance companies for dropping customers who become sick or forcing patients to cover huge costs.
'We are held hostage at any given moment by health insurance companies that deny coverage or drop coverage or charge fees that people can't afford,' he told a crowd of some 1,000 people in Montana.
'It's wrong. It's bankrupting families. It's bankrupting businesses. And we are going to fix it when we pass health insurance reform this year,' he said.
In a half-work, half-play trip with his family that will include stops at the Grand Canyon and other national parks, Mr Obama, a Democrat, aims to emphasize the benefits of his nearly US$1 trillion plan to overhaul the insurance industry, expand healthcare coverage and cut costs to consumers.
Protesters and supporters lined up outside the venue for his first town hall-style meeting in Montana, a traditionally conservative state, but the crowd inside was mostly supportive of the president.
One man challenged Mr Obama on how he would pay for the reform.
'You can't tell us how you're going to pay for this,' the man said. 'The only way you're going to get that money is raising our taxes ... (and) you said you wouldn't do that.'
Mr Obama repeated his promise not to raise taxes on people earning US$250,000 or less a year, but he acknowledged that the government would likely end up having to find US$30 billion a year to cover the cost of getting coverage to the uninsured.
'You are absolutely right I can't cover another 46 million people for free,' Mr Obama said, thanking the man for asking his question respectfully. 'We're going to have to find money from somewhere.'
Concerns
Another questioner, who identified himself as someone who sold health insurance, asked the president why he was vilifying insurance companies.
Mr Obama said some companies had been constructive, citing Aetna as a firm that had worked with the administration on the issue of pre-existing conditions.
The president has been fighting against Republican criticism that his plan amounts to a government takeover. The issue has sparked emotional and sometimes hostile questioning from citizens at similar question-and-answer sessions with lawmakers across the country.
Mr Obama's town hall meetings in Montana, which supported Republican presidential candidate John McCain in the 2008 election, and Colorado on Saturday will be his second and third such events in less than a week.
They come as poll numbers reflect concern about the US budget deficit. Republicans contend that the plan would be an expensive mistake, especially as the country tries to emerge from the worst financial crisis since the Great Depression.
'People are concerned about several things: one the cost, and number two, they won't have free choice,' said Montana Republican Party Chairman Will Deschamps in telephone interview with Reuters.
'This thing is sinking like a rock in a stream,' he said.
Screaming demonstrators have disrupted some recent public meetings on healthcare held by members of Congress from Mr Obama's Democratic Party. They captured media attention and overshadowed debate on the plan's complex details.
'The people that make the most noise get the most press,' said David O'Connor, 63, a Democrat at the Montana event. 'I think we definitely need healthcare reform of some kind.' -- REUTERS

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Areopagus

Alfrescian
Loyal
No to covering special needs children under Medishield: Khaw

Melissa Kok
Mon, Nov 12, 2007
The Straits Times



COVERING special needs children for treatment relating to congenital or pre-existing illnesses under Medishield is not a viable option, as premiums paid by policyholders may go up by seven-fold.

Health Minister Khaw Boon Wan said this in Parliament on Monday in response to a question posed by MP for Jalan Besar Denise Phua.

Ms Phua had asked the minister if it was possible for Medishield to cover children born with congenital illnesses, and how much it would cost families to cover such children.

In reply, Mr Khaw said: 'It will be unusual for insurers to cover pre-existing illnesses or to cover treatment relating to congenital diseases, (as) to do so will be to load the burden on the rest of the policyholders who may not support a manyfold increase in premiums to take on this additional liability.'

He stressed that 'if Medishield were to cover pre-existing illnesses, it will encourage potential policyholders to delay subscription until they are sick'.

This, he said, would 'defeat the whole purpose of insurance, which is based on the sharing of burden, among policy holders with similar risk profiles'.

To mark his point, Mr Khaw said a person below the age of 18, or 30 even, who pays a premium of $30 a year today, could find this cost raised to more than $200 a year if they were to load this liability on.

'I think to load this onto the rest of the population, with such a hefty increase in payment, I think it is hard to justify,' he said.

While it was not sustainable to cover special needs children under basic Medishield, Mr Khaw said some private insurers such as Prudential, HSBC and NTUC do offer cash benefit products.

These products pay lump sum amounts, if, for example, a baby is diagnosed with specific congenital anomalies.

But subscription for these products must be made prior to the discovery of any known anomaly.

Nonetheless, Mr Khaw said that persons with congenital illnesses can still join Medishield like all other Singaporeans and obtain coverage for medical treatment, as long as it is not related to their congenital condition.

Update on Medishield reforms
The Health Minister also gave an update on average payouts since the Medishield reforms were implemented.

For Medishield, which covers Class B2 and C Hospitalisation, the average payout has increased from $837 per claim to $1,274 - a rise of more than 15 per cent.

For large hospital bills, basic Medishield now covers about 60 per cent of class B2 and C bills above $10,000, up from 40 per cent before the reforms.

The average payout for these large bills has now risen to $9,800 per claim from $7,300 before reforms.

Going forward, Mr Khaw said he aims to reduce the burden of patients with large bills even further, from 40 per cent to 20 per cent.

This he said, 'would require an increase in premiums, but we will see if the required increase can remain affordable'.

Details are expected to be finalised by early next year.
 
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