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re: The cost of Obamacare... supporters of it.. please feel free to chime in
Posted on 4/11/14 at 2:26 pm to Stonehog
Posted on 4/11/14 at 2:26 pm to Stonehog
quote:
You think we could have forced private insurance companies to start accepting people with pre-existing conditions? That's a major part of Obamacare that keeps getting overlooked. You can't be denied for pre-existing conditions.
Congrats on not understanding the concept of insurance.
If I open a buffet and charge $5.99 for the buffet and the average person eats $10 worth of food, I will go broke. If an insurance company knows that a diabetic with CHF and asthma is going to incur an average of $3000 of medical care a month, there's no reason to give them insurance for $250/month.
I don't know why people expect insurance companies to do things they would never personally do.
2
Posted on 4/11/14 at 2:34 pm to the808bass
quote:
If I open a buffet and charge $5.99 for the buffet and the average person eats $10 worth of food, I will go broke. If an insurance company knows that a diabetic with CHF and asthma is going to incur an average of $3000 of medical care a month, there's no reason to give them insurance for $250/month.
I don't know why people expect insurance companies to do things they would never personally do.
There is no underwriting in ACA. I often ask people: if your car insurance couldn't deny you, and had to charge everyone the same premium (regardless of driving history), how much do you think your bill would go up?
Similarly, if your bank couldn't deny a loan, and had to charge everyone the same rate regardless of credit history, how high do you think loan rates would go?
This is what happened with ACA. I'm not saying it's good or bad--having health insurance is obviously more fundamental than car insurance or a car loan. But math is math.
Posted on 4/11/14 at 2:37 pm to the808bass
quote:
I don't know why people expect insurance companies to do things they would never personally do.
I don't expect insurance companies to do a damn thing, they're for-profit organizations that will do anything for money.
If I have a pre-existing condition, I can get insurance now. Not sure why that's such a terrible thing to you.
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