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Politics : A US National Health Care System?
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To: Alighieri who wrote (15913)4/1/2010 1:24:04 PM
From: TimF1 Recommendation  Read Replies (1) of 42652
 
Folks who lose their jobs will have to continue to buy insurance as will healthy young folks, even if subsidized by the state...that is still additional revenue coming into the insurance companies.

But since there is a mandate to cover preexisting conditions they don't have to continue to buy insurance. For many paying hundreds of dollars extra per year to the government in a penalty (and that's assuming its strictly enforced, if not it may be paying $0), and then signing up for a health care payment plan, once they have some expensive condition to cover will be a better deal than paying a few thousand per year to the insurance companies.

And the mandate to cover preexisting conditions also works on the other side, raising costs for health insurance companies. Which will cause them to raise rates (unless the government puts in price controls which might just push the insurance companies out of business), which will cause even more people to think paying the penalty is the way to go, rather than paying for insurance.
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