Re: Virtue signaling at it’s finest

New bill in CA prohibits insurance from charging copays or having deductibles for abortion services. Not an argument for or against (don’t care!), just thought it was odd.

So, if you break your arm and need care, still a copay. Abortion nope. The purpose I guess, is that maybe you were on the fence about chopping up your baby, but now; no copay!! I mean is a few hundred dollars standing in the way?

My favorite line “ California has taken action to improve access to reproductive care by removing financial barriers to this essential health care," Newsom's wife, Jennifer Siebel Newsom, claimed in another statement.”

Essential? lol. Libs are funny creatures.

https://www.newsmax.com/newsfront/california-gavin-newsom-abortion-pro-life/2022/03/23/id/1062632/

Newsom Signs California Abortion Bill Which Removes Procedural Fees

California Gov. Gavin Newsom signed off on a new law that prohibits insurance companies from charging co-pays or deductibles for abortion procedures, a Tuesday news release from his office revealed.

RememberTheDanny

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Re: the ACA prevents this*** ... I could've had a V8

Mar 24, 2022, 5:53 PM

Thanks for reminding me (and yes I'm embarrassed) about ACA's constraints on insurance companies.

The abortion subsidy (by itself and in this still-early stage) isn't likely to harm the overall financials of insurance companies. Insurance companies will simply have a small overall rate hike (which their broader spectrum of customers will pay to subsidize the 'fertile female' clientele).

It remains important, however, to monitor the reserve funds at insurance companies and not just their earnings reports. No insurance policy is worth jack if there isn't enough capital to pay out the claims when they are filed. Will the gov't regulators of the (near? far?) future cast a blind eye on insurers whose capital ratios decline into the high risk (and worse) categories?

Too many of these 'subsidy' moves (as forced by gov't edict on banks [previously] and insurers [now]) are the not-so-secret sauce for what caused the 2008 S&L collapse. As we all remember, the 2008 S&L collapse was triggered by a root cause of excessive defaults on home loans. The seed for these home loan defaults were was started by well-meaning legislation intended to increase the level of home ownership in 'minority' communities; thereafter, loan applications were allowed to 'pass through' the system without verifying the loan applicants information. (These were the unceremoniously named "liar loans.") Thus a political variable was inserted into the financial risk model which had (forever) previously underpinned the financial stability of the home mortgage industry. Of course, a short while after the real estate market started turning down (starting ~ 2006), the liar loans went into default, which triggered a collapse in the financial underpinnings of banks, S&Ls, and other financial institutions which played in the REITs and home loans market.

Too much of a good thing results in too much of a bad thing: The S&L collapse was made to happen by inserting political agendas into a financial system. The same thing could happen to insurance companies if there the political gyrations continue to disrupt the insurance industry's financial model.

I'm going to get a beer.

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Virtue signaling at it’s finest

Re: Virtue signaling at it’s finest

Re:Virtue signal: Ins.Co's cancel policy - 'fertile' women?

the ACA prevents this***

Re: the ACA prevents this*** ... I could've had a V8

So you don't know what virtue signaling means, either, among

Re: So you don't know what virtue signaling means, either, among

I guess 'Reproductive Rights'

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