NEWJERSEY: We’re number two — in expensive insurance

Saturday, June 19, 2010

http://www.doughroller.net/insurance/auto/most-expensive-states-to-insure-your-automobile/

The 10 Most Expensive States to Insure Your Automobile
by DR WRITER on JUNE 16, 2010

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But then there’s one variable a driver sadly can’t do much to change and that’s geography. Here are the ten states in which it’s most expensive to insure a motor vehicle (Criteria was identical across all states):

District of Columbia – Perhaps due to its #2 spot on the list of worst traffic gridlocks, residents of our nation’s capital can expect to pay an average of $1,140 in insurance premiums each year.

New Jersey – In the Garden State, an annual premium of $1,104 is typical.

*** end quote ***

Argh!

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RANT: ‘Beach House Bailout’

Tuesday, June 15, 2010

http://www.wnd.com/index.php?fa=PAGE.view&pageId=165701

OBAMA WATCH CENTRAL
Is insurance industry next takeover target?
Proposal in Congress puts feds in middle of catastrophe claims
Posted: June 12, 2010 9:10 pm Eastern
By Bob Unruh

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“The ‘Homeowners’ Defense Act,’ H.R. 2555, dubbed the ‘Beach House Bailout,’ requires taxpayers across the country, and in your district, to subsidize insurance for wealthy homeowners along the Florida coastline,” the letter to members of Congress said. “The bill is structured to assist the state of Florida (and to a much smaller extent, California) through federal assistance.”

*** end quote ***

Never mind take over, who wants to subsidize rich people on the Florida coast in mansions?

Let Donald, Rush, and whomever fund their own risks!

As a matter of fact, why is the gooferment involved in “insuring” floods any way?

Can you spell ‘moral hazard’?

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GOVEROTRAGEOUS: End employer-provided health care now

Monday, March 22, 2010

http://www.americanthinker.com/blog/2010/03/a_common_sense_idea_regarding.html

March 21, 2010
A common sense idea regarding health insurance
John Conlin

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End employer-provided health care now. Don’t tax it, end it. Company paid health insurance was never a planned policy. It was a response to temporary and artificial restrictions on wages during World War II. Wage controls were in place and companies discovered another method to compete for employees – company paid health insurance. This was deductible by the business as normal operating expenses, something not offered to the individual. We have lived with this monstrosity ever since.

*** end quote ***

Sounds like a good idea.

Think about it like “life insurance”.

It’s cheap, easy, and lightly regulated to prevent fraud. Even car insurance is better than what we have now. And, my favorite “pet health insurance”.

It’ll become available form credit unions, fraternal organizations, and yes even the AARP!

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Posted by reinkefj

RANT: Why wait for a flawed concept?

Thursday, October 22, 2009

http://www.wnd.com/index.php?fa=PAGE.view&pageId=113483

Where’s the health-care bill?
Posted: October 21, 2009
Joseph Farah is founder, editor and CEO of WND

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After all, who can object to a bill that hasn’t yet been written? When someone objects to provisions of the legislation, you can always say, “That’s not in the bill.” And, of course, you would be right. Nothing’s in the bill. The bill doesn’t exist. It will be written after approval.

*** end quote ***

It’s all well and good to say “wait till we see something”, but by then it will be too late. And, I think this may be the watershed event, like during the Vietnam war, that brings the Fat Old White People, (as opposed to the Dead Old White Guys), out to the streets in revolt. The gooferment has steadily eroded our rights, like the DOWG’s feared, and may have actually stepped over the Rubicon. Add to their criminal actions with subprime, GM / Chrysler, takeover the banks, and one and on. Maybe The People will rise up and smite them. Maybe I’m a “tin foil hat”, but I think it’s going to get messy. Perhaps, even worse. That’s why I don’t think we can wait to see the bill. The bill really doesn’t matter. It’s the whole concept that is flawed.

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MONEY: “pension plans” an idea that’s time has passed

Sunday, April 12, 2009

http://www.nj.com/news/index.ssf/2009/04/jcpl_denies_full_pension_to_fo.html

JCP&L denies full pension to former employee’s widow
by Karin Price Mueller/The Star-Ledger
Monday April 06, 2009, 9:00 PM

*** begin quote ***

How much is 17 hours of your life worth? It’s a question widow Brenda Slutter has been wrestling with for years.

Her husband, Ron Slutter, worked for Jersey Central Power & Light (JCP&L) for nearly 36 years. He died of cancer at age 58. Knowing his death was imminent, Ron made arrangements to retire, a move that would allow his wife to receive the largest possible company pension benefit after his death. He was told by JCP&L, his widow said, that his official retirement date had to be on the first of the month — but died 17 hours and 40 minutes before the paperwork was finalized.

Thanks to a tangle of bureaucratic rigidity, legal fine print and the timing of her husband’s death, Brenda, 59, receives only half the pension benefit her husband meant for her to receive.

“If January only had 30 days, he would have made it,” Brenda said.

*** and ***

Bamboozled contacted JCP&L to talk about the case, but the company wouldn’t discuss any particulars.

“We respect the privacy of all of our employees and do not publicly discuss or disclose any personal information,” said Ronald Morano, spokesman for First Energy, the parent company of JCP&L. “We work diligently to ensure that our employees and their families understand their benefits and the options available to them.”

*** and ***

Brenda Slutter isn’t surprised by the company’s response, and she’s not giving up her fight.

“This is not how you reward someone for doing an excellent service for your company,” she said. “I guess First Energy needs half of my husband’s pension more than I do.”

*** end quote ***

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Argh! May I suggest that the various state and federal agencies be prompted to audit the JCP&L and it’s pension plan? Tell me that retirement dates haven’t been adjusted for the executives.

This brings me to why do we have pension plans at all. People should be paid out for their full worth and allowed to make their own arrangements.

It’s a shame to see anyone get screwed.

Pensions and “benefits” came about as a result of the gooferment’s wage and price controls of WW2. Does anyone think we still need the distortion?

Gooferment is the root of all evil.

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MONEY: Insurance and employment considering the meltdown

Monday, February 9, 2009

Unfortunately, most people get their health and life insurance via their employer.

That presents a problem when you get nuked (i.e., fired, laid off, or quit).

Health insurance is expensive. Hospital bills are catastrophic.

If you have the opportunity, it may be worthwhile to pick up a catastrophic health insurance policy on your own or through a group. Fraternal organizations have such; as do groups such as Independent Consulting organizations.

Money well spent.

Also life insurance. But that is much cheaper and easier.

Now, with respect to life insurance, it’s always better to have one policy than two. The setup fee is wasted. But, I’m going to suggest that you rethink that strategy. ESPECIALLY if life insurance is very important to your family. (Two earner family with children or One earner family with children.)

You may wish to have TWO life insurance policies with DIFFERENT insurers, despite the added cost.

We haven’t seen the current subprime creditmeltdown financial mess hit the Insurance Companies. … … Yet?

By having two policies, you’ll have two ticket in that sweepstakes.

Life insurance is cheap. (Minimal gooferment regulation!)

Health insurance isn’t. (Lot’s of gooferment “help” there!) But, going “naked” is potentially disastrous.

Suggest an insurance review NOW!

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Remember the news reports that 9 out of 10 financial professionals at Cantor Fitzgerald had no life insurance? And, 9/11 happened. I remember my grandparents saying: “A family man, who dies without life insurance, doesn’t die, he absconds.” Big word for them “absconds”. But they were surprising folks. It’s a true then as it is now.

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NATIONAL: Expansion Of SCHIP Passes

Monday, February 2, 2009

http://www.dbtechno.com/health/2009/02/01/expansion-of-schip-passes-millions-of-kids-get-health-insurance/

Expansion Of SCHIP Passes, Millions Of Kids Get Health Insurance
February 1, 2009

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The Senate has agreed with the House and has approved an expansion of the State Children’s Health Insurance Program (SCHIP), supplying millions of low-income children with health insurance.<br /> ….Washington (dbTechno) – The Senate has agreed with the House and has approved an expansion of the State Children’s Health Insurance Program (SCHIP), supplying millions of low-income children with health insurance.

*** end quote ***

While on the surface this seems that it’s a “great idea”, however let’s look at the “silent victim”. The taxpayer. We are getting hammered all over the place.

Is it efficient to send money to Washington in taxes? After all they take half for handling to send it to the states, the states “handle” it, and “distribute” it. What the “load” or losses do to friction of all those hands.

Is it effective to “insure” children in this manner? It’s not MY problem that parents haven’t provided for their children. I am taxed to educate them even though I had no part in the decision to have them or anything else. I’m not taxed to feed them. YET? Is that next?

Argh!

And, we are sending a message to parents that they can’t take care of their own children without the gooferment. What happens when the choices conflict? You know they will. And, the queues for service and reimbursement?

Argh!

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SERVICE: Cell phone transforms into a personal security device

Sunday, January 18, 2009

http://www.mymobilewitness.com/

My Mobile Witness, a groundbreaking new cell phone service that turns your cell phone into a personal security device. My Mobile Witness stores photos or text and warehouses the information for use only by law enforcement authorities. The breakthrough technology is fast and simple to use: an individual takes a photo or creates a text message and sends it to their individual account where it is stored in the My Mobile Witness digital vault. The photo is time-stamped and stored on a site accessible only to law enforcement officials who have limited “active case” or subpoena access to the information when the images may be relevant. Think about getting that license plate of the hit-and-run you just saw.

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I think about the youngsters meeting in a bar. Their wingman can take serendipity pics to establish exactly who they were leaving with.

May sound crude. Maybe I’ve seen too many “Law And Orders” episodes. But makes sense to me.

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Posted by reinkefj

POLITICAL: Despise Health Insurance Companies? Just wait!

Thursday, January 15, 2009

http://distributedrepublic.net/archives/2008/12/23/simple-indeed-or-the-audacity-cluelessness

Simple Indeed, or The Audacity of Cluelessness
Submitted by Brandon Berg on Tue, 2008-12-23 21:52

*** begin quote ***

The International Herald Tribune showcases the astonishing cluelessness of people who are presumably among the best and brightest of Obama’s supporters:

   When a dozen consumers gathered over the weekend to discuss health care at the behest of President-elect Barack Obama, they quickly agreed on one point: they despise health insurance companies.

   They also agreed that health care was a right; that insurance should cover “everything,” not just some services; and that coverage should be readily available from the government, as well as from employers.

   “We have to keep the momentum going,” said Hijane, 34, who was a volunteer in the Obama campaign and is active in women’s health advocacy. “We are not lobbyists. We are simple citizens.”

*** end quote ***

Get ready for national health care. Delays, Higher Costs, Rationing, and … … yes, sadly, deaths.

That’s what happens when the Socialists take over.

Sigh.

Need a new category … STUPIDITY!

Anyone want to start an insurance company? No. Me neither!

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Posted by reinkefj

POLITICIAL: Health Care is NOT a right

Friday, January 2, 2009

http://www.libertyforall.net/?p=1761

The health care mess: Functioning in the belly of the beast
Liberty For All
by Roderick T. Beaman

*** begin quote ***

“With Barack Obama’s presidency, the clamor for some type of universal medical coverage system is on a crescendo. The cry today is for a ‘single payer system.’ That type of system is a monopsony, where there is but one buyer for a good or a service, as opposed to a monopoly where there is but one seller. It was Pres. Harry Truman who first proposed government-funded health care service for Social Security recipients. It was a corner piece of John F. Kennedy’s presidential platform in 1960.” (12/23/08)

*** end quote ***

In college, I was forced to take courses unrelated to injineering. In Economics, we were taught surprisingly that there were “viewpoints”. I remember one lesson, the prof was teach about “elastic and inelastic” demand curves. (Simple versus “Field Theory” curves and equations) He had many examples of elastic demands (cars, food, money) and only one of inelastic.

Medical care.

No matter what the supply, what the price, demand was infinite.

The only cure was some type of rationing.

In the “old days” of my Mom’s generation, I remember my appendix operation. There were bills. Doc, Hospital, Surgeon, Gas passer, and Surgical Operating Room. My Mom had insurance but it was different then. She paid all the bills, assembled a big folder, and submitted it to the insurance company. They paid 80% of the total. It was very complicated.

She had limited choice since it was an emergency. But, whenever there was a choice, she was a price conscious shopper.

Today, no one shops. They just demand.

That’s what’s wrong!

Health care isn’t a right. Rights are negatives. If it’s a positive, then someone else is OBLIGATED to provide it.

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