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Politics : A US National Health Care System?
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To: TimF who wrote (15919)4/1/2010 2:53:40 PM
From: skinowski  Read Replies (1) of 42652
 
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.

That's why I think that this "reform" was in fact designed to fail. The next step is to accelerate the rate of failures of private insurers through Public Options. The final destination would be GovCare.

I insurers will have no choice but to purchase reinsurance against losses related to preexisting conditions. The odds are that such reinsurance would become progressively expensive.
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