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SCAMS
REVISITED
Health
insurance costs spur a new proliferation of bogus insurance companies
with the usual impressive-sounding names, typically constructed
to sound a lot like established carriers. Some even
pay a few claims for awhile to really set the hook, operate for
months or more before anyone catches on.
Healthcare
reform . . . Yes, this truly belongs under the Scams category. The
government will do with this what they did with Medicare, the post
office, etc. The Oracle is going to try really, really hard not
to get sick. If you have a medical procedure pending, get it done
before 2013-14. Why? Because the day Obamacare begins full implementation
is the day our healthcare system begins its rapid transformation
into something much like that of the British. That is to say everyone
will have medical insurance, and relatively few will actually be
able to obtain medical treatment, certainly not as we have come
to expect it. The "Public Servants" (Politicians &
public union members) will continue to have considerable advantage
cost-wise, but to their shock will find themselves competing with
the unwashed masses for the attention of a dwindling pool of medical
providers. (Many
of whom will accelerate their retirement or withdrawal to coincide
with implementation.)
The
healthcare field lost 30,000 - yes that's 30,000 jobs in August
of last year. This is only the beginning.
The
elites (including the powerful politicians & the very wealthy)
will be treated in "Concierge" type arrangements, or travel
outside the U.S. to providers who will leave the US system for locales
that allow value pricing. (Think Mexico, Costa Rica, Brazil, Carribean
Islands etc.) The actual operating regulations for this massive
economic transformation have not even been established yet, and
the fraudsters and con artists are licking their chops. The level
of fraud is sure to make the Medicare and Medi-Cal fraud numbers
look like child's play. Also remember medical care shares certain
inescapable characteristics with other commodities in that a blackmarket
inevitably springs up when the supply and or price is fixed by the
state.
WORKERS'
COMP: THE PENDULUM SWINGS (AGAIN)
California
reforms instituted under Gov who's-your-daddy tilted disability
rules & ratings rather heavily in favor of the carriers. Now
the rules have been largely tilted back to the other side. This
accounts for the almost constantly changing market and rates for
comp.
WHAT
THE LOONEY US LEGAL SYSTEM COSTS
Recent
study by a consulting unit of Towers Perrin puts the cost of our
tort system at $260 Billion - yes, that's Billion, projected to
soon rise to $315 Billion. This of course does not include
the unknown other costs of products not made, medical costs imposed
by doctors & others covering their glutius maximi, people not
getting hired, etc.
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