As some of you might know, I am dealing with elderly family members’ medical issues. The medical world, insurance companies, medicare, AARP, United HealthCare, etc. So the timing of this explanation by Ann Barnhardt is particularly useful, given the situation my elderly family members find themselves in.
As show producer Dave “ThirdWaveDave” Logan points out in his post “PROFESSOR BARNHARDT NOW OFFERING “Health Insurance Fundamentals 101” FREE OF CHARGE. HAVE A SEAT… “
… Ann Barnhardt explains how health insurance works, and in our case, doesn’t work. As usual, Ann breaks it down so even someone like me can understand the fundamentals of how the health insurance business model is set up to operate. Risk pooling? You’ll understand this term as well.
Stop by her site and see what other topics she’s discussing. Trust me, the government stops by there all the time to check on our little patriot. She scares the Hell out of the G-men in DC.
Explanation of Insurance
Posted by Ann Barnhardt – March 12, AD 2012 8:19 PM MST
It’s time for this again. It is even better and more prescient now than when I first recorded it last June. The Obama regime has totally perverted the very word “insurance” in classic Communist, Orwellian tradition. Insurance covers catastrophes. Paying in to a centrally-controlled mandated Ponzi scheme that requires that every single expense of your life be run through its hands as the mandatory middle-man, and thus has the power to decide what you will and will not have in your life, and thus controls the entire marketplace itself, is COMMUNIST TOTALITARIANISM, and nothing less. It is as far removed from actual insurance as you can get.
PLEASE watch this two-part video on Health Insurance. It runs about twenty minutes. Part two is even more info-loaded than part one, so do please watch both. And then go forth and explain this to others.
The only thing I would add is in the wake of the MF Global confiscation vis-a-vis the “medical escrow accounts” that I suggest and discuss in the video. If the insurance company were to steal the funds in those escrow accounts, or “hypothecate” those funds and use them for anything outside of the parameters set forth in the Glass-Steagall Act of 1933, the penalty for the executives and board of the insurance company would be execution by firing squad. And I’m not kidding.