• Register

What would happen to health insurance companies if government take over the health insurance system?

Correct me if I'm wrong, but I heard that Obama is trying to push a public health system that will allow everybody to have health insurance no matter what pre existing conditions he or she may have.
If this is reached, what would happen to insurance carriers like Blue Cross, Blue Shield? Will we need these companies and health insurance agents?
asked Jun 29, 2012 by anonymous

2 Answers

0 votes
Insurance companies are never gonna die as they have major contribution to economy of a country.

Insurance companies many times invest their money into government projects. So whatever policies comes, I don't think US government would ever collapse its current insurance industry.
answered Jul 1, 2012 by Ashwini Kumar
0 votes
They would definitely shrink, but they would still be around. Look at Medicare, they have supplement polices which the individual has to pay. If you think the government is going to pay for Heart surgery, Cancer treatment, you're in for a rude awakening.
You can check this out bcbs kentucky http://2healthinsurance.net/dental-insurance/anthem-bcbs-kentucky/ .
Hope this will be helpful.
BR
answered Jul 14, 2012 by njovianni

Related questions

1 answer
asked Jan 12, 2013 by anonymous
1 answer
asked Sep 19, 2012 by anonymous
1 answer
asked Jan 12, 2013 by anonymous
1 answer
asked Jan 12, 2013 by anonymous
1 answer
...