May 11 2010, 02:16 PM
QUOTE(hackwire @ May 11 2010, 12:06 AM)
I have just watch the movie Sicko by Michael Moore and this really give me a very good sense of what insurance health care company are in america , many policyholders dont get to claim even though they have bought the medical card. It even have private investigator finding fault and turn down your claim. The worse is to deny you any payment and even if you manage to claim the expenses, Insurance companies will find way to terminate you either by increasing the price of the policy.
So even the policy is consider as Guaranteed Renewal as claimed , which is true, but when they increase the premium so high than, policyholders will got no choice but abandon it. So is it worth to get Insurance Coverage now ?
What does all the agent have to say about this? Are insurance company invented this plan is really on helping patient . if they do , than they should stick to the premium agreement and not subject to increase... this seems to defeat the Guaranteed Renewal clause. People just cannot afford high premium that has no limitation. I hope many agents will watch sicko and ask questions whether they are truly in this business to help the policyholders. if they really mean it than they should question the high cost of premium for old age. Shouldn't senior citizens get cheaper premium after 55 years old but instead the cost is beyond their mean already.
and also the govt policies to make profits from the citizens of America.
Three countries including a communist country actually gives free medical to the citizen. they are Canada, British and france. Guess wat, Cuba too.
oh by the way, govt in france pays nanny to take care of children for free and they even have doctors going to the house to treat you for Free.
well, be thankful we are in malaysia then! haha, but straight to the point, insurance in malaysia is still at its infancy stage, therefor the products and plans we get here are way better than those in other countries. for eg, not many countries have 36 diseases coverage covered,in fact japan onli has one, cancer! So even the policy is consider as Guaranteed Renewal as claimed , which is true, but when they increase the premium so high than, policyholders will got no choice but abandon it. So is it worth to get Insurance Coverage now ?
What does all the agent have to say about this? Are insurance company invented this plan is really on helping patient . if they do , than they should stick to the premium agreement and not subject to increase... this seems to defeat the Guaranteed Renewal clause. People just cannot afford high premium that has no limitation. I hope many agents will watch sicko and ask questions whether they are truly in this business to help the policyholders. if they really mean it than they should question the high cost of premium for old age. Shouldn't senior citizens get cheaper premium after 55 years old but instead the cost is beyond their mean already.
and also the govt policies to make profits from the citizens of America.
Three countries including a communist country actually gives free medical to the citizen. they are Canada, British and france. Guess wat, Cuba too.
oh by the way, govt in france pays nanny to take care of children for free and they even have doctors going to the house to treat you for Free.
on to your topic in regards to ppl with old age,i feel for u, but after being in the business, it is managed the way it is becoz old ppl tend to get hospital visits more.one of the reasons i joined insurance is due to my experience when my grandma was sick ,the usual send to hospital vs save cost arguement came in, mind you she was close to 90 then. if insurance companies do not control their funds and manage their premiums well for old age, chances are when we reach our golden years, there wont be much for us to claim already!! insurance companies are not bankrolled by petronas u know. and you also have to look at the lifestyle led by the majority of ppl in that country.
in america, needles to say most of them are unhealthy. thats why insurance there is very messy. i have claims being rejected by my company b4 for my client, and that was due to my client not divulging that he has certain operation procedures done b4. so in that instances he understand why i cant make a claim for him. many reject cases we here about , we onli hear one side of the story. sometimes the ppl who buy medical policies are those who already have pre existing health conditions, try to get a medical card to ease their burden, but then get caught, so where else to go but blame la the insurance ppl.
on to your question on free medical, well, in malaysia we dont have to pay high taxes vs those countries that u just mentioned.
lets just use sg as example, over there they have policy which allows their employess to contribute a certain % of their epf towards their future medical fund. meaning that they educate their ppl to prepare for their own funds already while they are young and still able to earn . difference in mindset helps. in malaysia, u try to do that and see the repercussions.
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