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SB562 Continued

Jun 26, 2017 11:06PM, Published by Colleen Callahan, Categories: Home+Finance, Community



SB562 Continued, Keep Calling

Well, it passed out of the Senate and is now in the Assembly.  The vote, mostly along party lines included our state senator who voted with the herd. When I called his office to voice my displeasure the young man handling the telephone could not understand my dismay.  Sadly, he believes all care will be free and that one size fits all is the way to go. I wonder if the young staffer has read the text of the bill. I have.

The proponents of SB 562 suggest that we have a high uninsured rate in California.  In fact, it is approximately 7 percent, and many of those have made the choice to stay uninsured. There is no method of paying for this bill.  The State Senate is not concerned about the loss of jobs expected across a variety of sectors, not only insurance industry professionals. The California Association of Health Underwriters predicts nearly 500,000 jobs will be lost in California.

There has been a great deal of coverage of this issue.  In one article, Micah Weinberg, President of the Bay Area Council Economic Institute said, “the bill exploits widespread confusion about good healthcare policy and how other countries achieve them. The bill’s proponents lead people to believe that only the United States has a profit-based system and everywhere else has a fully government-run system producing better care at lower cost. In truth, every industrialized country has a hybrid system and all are wrestling with the same challenges – especially healthcare costs.”

While on a trip to Ireland last year, I saw a billboard advertising private health insurance. Today, a man called needing help; he is Canadian and he was recently diagnosed with brain cancer. He does not want to return to Canada for treatment because the wait is too long.

For more information, my professional health insurance association, CAHU.org, has a full description of the bill, or please call or email me. I will be happy to provide talking points.

Colleen Callahan, CLU, LUTCF;

 ccallahan@callahaninsurance.com.  Colleen Callahan Insurance Services is located in Pleasant Hill. Contact her 925.363.5433 or ccallahan@callahaninsurance.com.

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