Thread: President Trump should work to repeal and replace Obamacare with nothing!

I was a licensed insurance agent in Upstate NY. I can attest the training is rigorous and the state licensing test is very hard to pass. You need a different license in every state you sell insurance in. Which mean additional training and another state licensing test and yes additional fees. This being said I went to a company awards dinner in 1995 one of the bosses laughed about a dinner he was at with other Insurance company heads a dinner meeting with President Bill Clinton. The guy laughed and said you can expect to be making more money as the premium's will be going up in the next 10-25 years. The government is going to make it mandatory that everyone has insurance or they will be fined. I though this guy was nuts. They have known this was coming and did nothing. Interesting fact - In 1995 20% of every premium went to cover people who were uninsured according to my class instructor. We still had affordable premiums and great coverage. Now according to this article it is at 1,000 +average for each policy a year. http://abcnews.go.com/Business/story?id=7693848&page=1
Now you have to figure an extra 89 million people are here that weren't in 1995 our population has grown enormous.
http://www.multpl.com/united-states-population/table
It is quite obvious to everyone but politicians that premium's are so high it has become unaffordable to many Americans along with high deductibles and co-pays it is close to being useless insurance anyway. So the more uninsured, the higher the premium's grow and higher co-pays and deductibles. There is no end to this situation in site it will just continue.
But still the so called nonprofit insurance companies CEO make millions a year. The agent sure doesn't I can tell you that.
This is not going to get better until we scrap the whole U.S. healthcare system and start over again. It might work if we could open up American healthcare insurance to International foreign markets, they are already established and have steady income and lower premiums than the U.S. The prices should be lower spread across a larger group and other countries. Making it more affordable to Americans. More people could afford coverage. The uninsured would have to be covered by our government which it already does anyway with our medicare tax. Just a thought.