Harry,<\/p>\n
By your very example of the Social Security disability insurance program contrasted with the market for Long Term Disability Insurance in the US, you show the difference between the two.\u00a0 The Long Term Disability Insurance market responded to their experience with major increased claims in the physician market by increasing premiums, tightening underwriting, and backing off on coverage limits and other overgenerous policy provisions.\u00a0 On the other hand, the Social Security disability insurance program did none of the above.\u00a0 It takes an act of Congress to change the disability rate premiums and none was requested or passed by Congress.\u00a0 Regulations on coverage limits and overgenerous policy provisions were not changed or tightened.\u00a0 Finally, underwriting was weakened with the onslaught of the lawyers and others in the vast \u2018disability industrial complex\u2019 and the cuts in the numbers of folks in Social Security defending the program.\u00a0\u00a0 As you suggested, we need to review each of the 8,000,000\u00a0 citizens on this program to insure they are still disabled.\u00a0 It will take an additional $2 billion a year and 4 years to do this but the return and outcome will be substantial and will be well worth the added costs.\u00a0\u00a0 It will also move the program back into surplus from the deficit position it will be in by 2016.<\/p>\n
Sam Allen<\/p>\n","protected":false},"excerpt":{"rendered":"
Harry, By your very example of the Social Security disability insurance program contrasted with the market for Long Term Disability Insurance in the US, you show the difference between the two.\u00a0 The Long Term Disability Insurance market responded to their experience with major increased claims in the physician market by increasing premiums, tightening underwriting, and […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-460","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.unitedwestandllc.com\/uws\/wp-json\/wp\/v2\/posts\/460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.unitedwestandllc.com\/uws\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.unitedwestandllc.com\/uws\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.unitedwestandllc.com\/uws\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.unitedwestandllc.com\/uws\/wp-json\/wp\/v2\/comments?post=460"}],"version-history":[{"count":4,"href":"https:\/\/www.unitedwestandllc.com\/uws\/wp-json\/wp\/v2\/posts\/460\/revisions"}],"predecessor-version":[{"id":464,"href":"https:\/\/www.unitedwestandllc.com\/uws\/wp-json\/wp\/v2\/posts\/460\/revisions\/464"}],"wp:attachment":[{"href":"https:\/\/www.unitedwestandllc.com\/uws\/wp-json\/wp\/v2\/media?parent=460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.unitedwestandllc.com\/uws\/wp-json\/wp\/v2\/categories?post=460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.unitedwestandllc.com\/uws\/wp-json\/wp\/v2\/tags?post=460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}