There are many things about the Affordable Care Act (ACA, or Obamacare) that supporters of this law don't want you to understand. So I'll help you understand it.
You can force insurance companies to cover all sorts of illnesses and injuries, including those insurees are experiencing before signing up (pre-existing condition). It is a worthy cause, and a most would argue in favor of it. But it comes with a huge cost. Imagine not having insurance, having your house burn to the ground, then you go buy home owner insurance the next day, and the policy dictates the insurer must rebuild your house. That is a pre-existing condition.
Insurance is a bet that something terrible will or will not occur. You think it will occur, and the insurance policy pays off when it does.
Mandating all sorts of minimum or mandatory coverage could also be worthy, but not without costs.
Adding 30 million uninsured people to the rolls also adds costs for insurance companies. Since many of them don't have it because they cannot afford it, someone must pay for the coverage they get.
All this adds huge costs to the insurance companies. Someone must pay. And what happens if you don't pay? Never fear, subsidies from the government will pay the insurance companies for this also. Guess where the government gets that money?
The ACA was never a sound policy and certainly is not a sound law. We'll all find how just how so in due time.
No comments:
Post a Comment