The Wenatchee World, Wash., Tracy Warner column [The Wenatchee World, Wash.] - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
December 18, 2009 Newswires
Share
Share
Post
Email

The Wenatchee World, Wash., Tracy Warner column [The Wenatchee World, Wash.]

Dec. 17--From the beginning of this tortured reform effort, it was clear the basic economic design of the American health care system is horribly flawed. It is loaded with incentives to provide more health care without regard to cost or effect, so we pay, and pay, more and more for health care that is not always better, and sometimes worse. And these runaway costs and perverse incentives are the root of the system's other celebrated flaws -- the rise of the uninsured, business struggles, stagnant wages, heartless insurance companies, the sick uncared for or made destitute, governments buried in the expense. Health care costs still rise at twice the rate of inflation. The cost of an average family insurance plan has doubled in a decade and now is pushing $14,000 a year. The price government pays for health care, roughly half the national total, has doubled in a like manner. Health care now consumes 18 percent of all the wealth the nation can produce, nearly twice what other industrial nations pay, and the share is rising with no end in sight

So there is the essential reason health care reform is of critical importance. And what do the health care reform bills now pending in Congress do about this? Almost nothing, according to most analysis. The same fee-for-service system, with doctors and institutions paid for quantity rather than success, where insured consumers use health care without regard to cost, the same system with all its destructive incentives, will not just remain intact but be expanded. The cost-control measures in the legislation are puny -- pilot programs, experiments, boards of experts to offer advice. It's all on the periphery. There will be no impact soon, and the ultimate benefit is doubtful.

In the health care bills now pending the primary method of reducing the ranks of the uninsured is to force them to buy into an unreformed, costly system, most to be subsidized by taxpayers. Some of the cruelty of insurance will go away -- no one can be turned away for a pre-existing condition, no policies canceled because of ill health, etc. That may be good to boast about, but it has a price. The projections are, everyone will pay more.

"The way things stand now, if you get health insurance through work, as 83 percent of all privately insured Americans do, your premiums are expected to go up by about 5 1/2 percent each year through 2015," wrote Sen. John Thune, R-S.D., in RealClearPolitics.com. "Premiums for a typical family in that situation run close to $14,000 a year now, with employers paying the lion's share. That number will jump to about $20,000 a year by 2016 under the Democrats' so-called reform plan." Expect smaller paychecks, he said, and fewer jobs created.

Progressives prefer different means to cuts costs, but have no higher expectations of the pending bills. "If I were a senator, I would not vote for the current health-care bill," wrote former Democratic Chairman Howard Dean in The Washington Post. "Any measure that expands private insurers' monopoly over health care and transfers millions of taxpayer dollars to private corporations is not real health-care reform. ... Real reform would significantly lower costs, improve the delivery of health care and give all Americans a meaningful choice of coverage. The current Senate bill accomplishes none of these." Wrote Markos Moulitsas of DailyKos: "My take is that it's unconscionable to force people to buy a product from a private insurer that enjoys sanctioned monopoly status. It'd be like forcing everyone to attend baseball games, but instead of watching the Yankees, they were forced to watch the Kansas City Royals."

Health care reform is still very necessary, but we aren't going to get much of it. Instead, we'll get a more expensive, compulsory version of the unreformed system. It's time to start over.

Tracy Warner's column appears Tuesday through Friday. He can be reached at [email protected] or 665-1163.

To see more of The Wenatchee World or to subscribe to the newspaper, go to http://wenatcheeworld.com/.

Copyright (c) 2009, The Wenatchee World, Wash.

Distributed by McClatchy-Tribune Information Services.

For reprints, email [email protected], call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.

Newer

A.M. Best Revises Outlook to Negative for Issuer Credit Ratings of TIAA and Its Subsidiary; Affirms Financial Strength Rating

Advisor News

  • When new investment trends emerge, Gen Z is most likely generation to be first in
  • Could ‘plain English’ become an advisor’s secret weapon?
  • IRI urges Senate action on 403(b) parity legislation
  • Three estate planning ideas to protect your clients and their wealth
  • What advisors must know about accessible client documents
More Advisor News

Annuity News

  • NUNN INTRODUCES BILL TO CUT RED TAPE, GIVE IOWANS CLEARER INSURANCE INFORMATION
  • NAIC working group pressed to accelerate annuity illustration overhaul
  • State Auditor James Brown Kicks Off Life Insurance Awareness Month With Policy Locator Tool
  • Wink: Annuity sales post strong Q2, led by MYGAs and structured products
  • Legacy Marketing Group partners with Malibu Life USA for annuity launch
More Annuity News

Health/Employee Benefits News

  • ATTORNEY GENERAL TONG JOINS COALITION CHALLENGING TRUMP ADMINISTRATION'S LATEST ATTACK ON HEALTHCARE FOR TRANSGENDER YOUTH
  • ATTORNEY GENERAL TONG JOINS LAWSUIT CHALLENGING EFFORT TO EXPAND CATASTROPHIC HEALTH INSURANCE PLANS AND AGAIN UNDERMINE ACA PROTECTIONS
  • ATTORNEY GENERAL TONG URGES CONNECTICUT INSURANCE DEPARTMENT TO REJECT DOUBLE-DIGIT HEALTH INSURANCE RATE HIKE REQUESTS
  • Some WNY health insurance rates will stay flat. Others will rise 13.5%
  • Could health care plans with fewer mandates help more Texans get insurance? Marshall lawmaker believes so
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • TDCI reminds consumers to focus on the future during Life Insurance Awareness Month
  • AM Best Affirms Credit Ratings of Zurich Insurance Group Ltd and Its Main Rated Subsidiaries
  • Best’s Market Segment Report: AM Best Maintains Stable Outlook on China’s Non-Life Insurance Segment
  • Understanding Nonequity Split-Dollar
  • Life insurance loans: what to do when a client shows interest in one
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
  • MassMutual Ascend Surpasses $2 Billion in Lifetime Advisory Annuity Sales, Reflecting Continued Momentum in RIA Channel
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.