Before I start this blog, I wanted to say that there are no political views being expressed here. I am posting only from an analytical viewpoint.

I decided to coin a new term to save space on blogging about the national health care debate and its impact on Workers Compensation insurance premiums. ObamaComp is a 24-hour health care program that covers an individual if they are hurt on or off the job Actually, ObamaComp is the Workers Comp portion of the 24-hour health care program.

Anyone that works in an insurance based job might want to pay attention to the evolving healthcare situation. If one thinks about it, there would not be much of a leap from nationalized healthcare to 24 hour healthcare.

I have read many articles where the federal government wants to have a nationalized insurance office. There have been many bills introduced over the last 20 years that would initiate a federal insurance office. There was a benefit in most of the bills as agents would be able to write coverage in multiple states.

The formula works like this [National Insurance Office + Nationalized Healthcare + On The Job Injury Care = 24 Hour Healthcare}.

I had received many questions on this subject when I posted on it in the past. One of them was "Yes, I see your point on medical coverage, but how would the weekly benefits, and other non-medical compensation benefits be handled? That is a good question. The answer is that the federal government could plug in the AFLAC(R) model as they provide very similar benefits to Workers Compensation.

The bottom line is this may never happen. However, I always think that a company or governmental body that has to make a very small leap to initiate something will likely follow that path.

What would this scenario look like? Check back in later this week to find out.