- Producer08/07/2016Make Sure the Insurance is InsuranceMy first post on bebee was about the fundamentals of insurance. In thinking about the post, it occurred to me that I did not stress enough a big danger that sometimes lurks. The danger lurks especially when insurance is hard to obtain, or especially...
Comments08/07/2016 #6 John White, MBAGreat first post, Luke Brown. I have promoted via @bebeeblogs on Twitter. Here is the link in case you or anyone else would like to retweet it. https://twitter.com/beBeeblogs/status/75151393405471129608/07/2016 #2 Brian McKenzieIn the current U.S. PPACA Universal Acceptance model that is mandated by Federal Law - the Exchanges and their products do NOT function as insurance - as there is not risk mitigation nor allowance for premium variation on any real health status analysis - it is simply a grand scale illusion of a Ponzi scheme wrapped in entitlements and functioning purely on churn. .... and like the Toxic Asset Bundling of the housing market - the US 'Health Care' market is set for collapse (indeed half of the initial ACO entities have already closed - and many large insurers are abandoning markets altogether) They are calling it 'securitization' of health care - and it is the format to build 'trust' into the unfunded liabilities that they have stacked against derivative factorial projections of premium vs estimated payout.... I give it 3 years to total collapse and the loss of the Dollar with it. (if not before)