The health insurance industry has come out in favor of a mandate for the uninsured to buy insurance. They’re willing to work with the Obama administration on this, bringing their expertise into the negotiations. They’re even willing to extend coverage to everyone, even those with pre-existing conditions.
Let me guess. They’re going to accept people with pre-existing conditions, but they will find a way to deny these costs. Or the co-pay and deductible will still make it impossible for sick people to get health care whenever they need it.
Thr uninsured and the uninsurables will be required to buy at least the minimum policy being offered, and with the insurance companies writing the law, it will be neither cheap nor generous.
If the pool includes all the poor people currently uninsured, plus all those who are currently uninsurable, that’s a huge chunk of cash. Another way to say it is that this will be a huge chunk of wealth, and the insurance companies are salivating at the idea of getting Washington to redistribute that wealth directly from the lowest income people, with no influence in Washington, to them.
This will be a hefty tax on the uninsured and the uninsurables, the ones who can least afford it.
Why are they willing to enter negotiations? They’ve heard the phrase “single-payer”, and they’re scared to death. That’s literally scared to death, as it will mean the end of the money machine pumping our health care dollars into the black hole of American health insurance.
All I can say is, “Go to hell!”