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Unitedhealth Group is involved in what I would consider one of the more complex industries in the country and what has to be one of the more essential products we all need-health insurance. With the ballooning costs of health care services,goverment regulation and a moral duty to decide if a procedure or treatment is necessary and bottom line to the health insurers-is it worth the cost. As an example of this dilema,I saw a premature baby born with a host of medical problems.recently and in a short time the $ 1 million dollar cap on the insurance policy had been exhausted and the child was still in the hospital. So,the parents can't pay and the insurance policy limit is tapped out and won't pay anymore and the child is still sick and in the hospital. What now?
This is going to be the problem if and when we have a national health care program. When do you make the decision to stop the care for an individual and in effect pull the plug. The government now has almost no limit on what they will spend on each individual person. Is someone in a coma for years worthy of the cost to keep them alive when there is no hope they will ever come out of the coma. Is a premature baby worth millions of dollars in treatment when they may pass on anyway. Does anyone want some fat cat deciding whether their child is worth the cost that may be incurred. It's just a bad situation.
A national health care program will be a disaster in my opinion. The medicare and medicaid programs have to be one of the most abused programs the government ever came up with. I know in Kentucky where I live almost daily some doctor is charged with over billing the government Our LT. Governor was charged a few years back,while in office,for over billing Medicare.
I have drifted from my original intention here. Is UNH a good investment? With all the above points I wouldn't recommend any of the health care insurers at this time. If Obama wins the election,what happens to these company's? Obama will push for a national health care program,if elected,and it looks tp me like these private insurers will be history. Then we will have that fat cat I mentioned up in Washington deciding if that surgery or treatment is needed or moral. Morality seems to be in short supply in Washington and I can't think of anyone up in Washington I want making decisions on my health care.
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