More Trouble Ahead In Long Term Care Is This Ethical # 7

On April 10,2007 Sam Freidman wrote a column in the P&C National Underwriter titled Trouble In Ltc Market Deepens. In his column he basically pionted out all the issues of how Barack Obama will expose the wrong doing in the long term care market. Mr. Freidman stated," The long-term care insurance sector made a powerful enemy last week when presidential candidate Barack Obama called for a wide-ranging federal investigation of reported abuses by carriers of elderly claimants. Just what the industry needs--another high-profile Washington probe of alleged insurer wrongdoing." To me the President Elect Barack Obama was right on when he spoke about the mess that our long term care is heading in. It appears that Mr. Freidman do not agree with the speech he think Obama is just another political figure blowing hot air. The President Elect perception on this is that he seems to think more Federal regulations are needed in our health care system to get the system moving in the right direction. Not every one agrees with this, some people tend to think the government interfered enough thats why we are in this mess in the first place. Poeple like Sam Freidman thinks this is not a perception but reality. In his column he go on to write, " The problem, again, is not one of perception, but of reality. The politicians might be capitalizing on the missteps of insurers, but the politicians didn't make the missteps in the first place. Will federal regulation help? Probably not. In fact, meddling by Uncle Sam could cause more harm than good in the long run.
But either way, insurers have no one but themselves to blame for their mishaps. Everyone talks the talk about putting policyholders first, but unless everyone walks the walk, this industry will continue to be hammered by lawmakers of all stripes, and rightfully so." The question arise is this ethical. I do not think this is ethical at all people are being treated unfair the people of the United States Of America is being ripped off by insurance carriers and that is making our long term care head in the wrong direction. In this country we are about the dollar thats what counts and i hate to say it but that is why our country is way behind in health care compared to some other countries. From an ethical stand piont is the insurance industry being fair on the American people or are they looking out for themselves. We all know the answer to this question that is why we are in this mess in the fisrt place. I think Barack Obama has a good plan to clean up the greed in the insurance industry and get our health/longterm care back on tract where it needs to be.