Pelosi: NLRB Should Shut Down Boeing’s SC Plant

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“Do you think it’s right that Boeing has to shut down that plant because it’s union?” Pelosi: “Um, yes. … I would hope they would make it union.”

  1. How could they? Insurance profit mainrgs are razor thin and in order to make a profit they have had to boost their prices many times in recent years as claims rise. Now, by the end of the year they will be required to shorten their history window from 6 months to 30 days for pre-existing condition denial, eliminate lifetime caps, add coverage for children up to age 26 on parents plans, make reconstructive surgery for children covered, require 85% of income to be spent on medical payments, and a number of other things which all sound like great deals for those being covered, but will explode costs to these insurance providers. The only thing they will be able to do is to increase the price of insurance which will be carefully monitored by the government. Without a huge reduction in administrative fees, there will be little or no profit shown, shareholders will sell, and the companies will spiral into bankruptcy. We may even see the uninsured numbers increase along with the rise in unemployment at least until 2013 when the individual mandate, public option, and insurance exchanges come into effect. If they are still in existence at that point, how are they going to compete with a company that not only does not have to remain profitable, but can go into as much debt as it wants to?Reform is necessary, but I am not sure its implementation will do all the good that we have been promised.

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