Jerry Eichenberger
Serious Thumper
Offline
2006 S40. OEM windshield, saddle bags, Sportster
Posts: 2919
Columbus, Ohio
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To All - I agree that changes were needed, and as I've said before, simply outlawing preexisting condition exclusions and lifetime maximum benefits would have solved 90% of the problem. Obamacare did both, thankfully, but it then went too far with the subsidies. Insurance is like anything else - supply and demand. The law should have simply required everyone to procure insurance in a given degree of coverage, like we do for auto insurance, and stopped there. The reason that health insurance has always been expensive is that insurance is a risk spreading device. The insurer collects premium from low and high risk people, and from that basket of dollars, pays out claims. Before, young healthy people we free to not buy health insurance, effectively denying the insurer those premium dollars from the low risk group. So the insurer is left insuring the high risk group, generally middle age and older folks, who have claims. You can either require everyone to buy insurance, without subsidies, or require everyone to pay tax into a gov't run system. Effect is the same for coverage, except that anytime the gov't runs anything, it's less efficient and more costly than private companies doing the same. Of course gov't has to provide for the armed forces, police, fire protection, highways, and other essential gov't functions. Health insurance isn't one of them.
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