P@triot
Diamond Member
Democrat accidentally admits that Obamacare must redistribute wealth to work...
The main rationale for Obamacare is that the individual-health-care market is dysfunctional. Most people who cant get group insurance either through their job or through a government-financed plan, like Medicare cant get any insurance at all. Insurers have to make sure they dont attract sick customers, so they either attach hidden conditions to their insurance to protect against covering expensive care, or else limit their policies to very healthy people. Thats why people with individual insurance are much less satisfied than people with group-based insurance.
It is true that some of those very healthy people can get cheap insurance, as long as they remain healthy. But insurance requires spreading risk from the healthy to the sick. Thats how employer insurance works, and people like that kind of insurance much more. The math is also inescapable. If insurance companies have to charge sick people less than it costs to cover their medical expenses, then the money needs to come from somewhere. Obamacare furnishes some of that money through tax credits, some of it through Medicaid expansions, but a portion comes from higher premiums to people who are healthy.
Clinton Endorses Keep Your Plan, Won't Say How
The main rationale for Obamacare is that the individual-health-care market is dysfunctional. Most people who cant get group insurance either through their job or through a government-financed plan, like Medicare cant get any insurance at all. Insurers have to make sure they dont attract sick customers, so they either attach hidden conditions to their insurance to protect against covering expensive care, or else limit their policies to very healthy people. Thats why people with individual insurance are much less satisfied than people with group-based insurance.
It is true that some of those very healthy people can get cheap insurance, as long as they remain healthy. But insurance requires spreading risk from the healthy to the sick. Thats how employer insurance works, and people like that kind of insurance much more. The math is also inescapable. If insurance companies have to charge sick people less than it costs to cover their medical expenses, then the money needs to come from somewhere. Obamacare furnishes some of that money through tax credits, some of it through Medicaid expansions, but a portion comes from higher premiums to people who are healthy.
Clinton Endorses Keep Your Plan, Won't Say How