Quote:
Originally Posted by Dr Winston O Boogie jr
What's always confused me about this is that insurance is, or has always been a bet. In the case of health insurance, you're betting that you will have medical expenses and the insurance company is betting that you won't. Or at least that your expenses will be less than what they charge you for insurance.
Forcing insurance companies to cover pre-existing conditions is like forcing someone to bet on a losing horse after the race has been run.
I don't see how there is ever going to be a solution to that issue.
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The original intent for the Affordable Care Act was that everyone with a job who didn’t get health insurance coverage at work would have to pay every month for insurance coverage, even if they were young and healthy. The first couple years, my sons were only paying about $100 a month for good coverage with a $2,500 deductible. Then that requirement got canceled by Congress, and as a result, there was no way the available policies could remain affordable. Add to that millions of Americans who had never had health insurance and now began using their insurance for endless trips to the doctor that they used to skip. This should have been anticipated, but it wasn’t.
Even today, the Affordable Care Act could once again be affordable if drug prices were controlled, if everyone without insurance were required to pay for it or pay a large yearly fine, as intended, AND if the policies had substantial deductibles. It could also be done if some of the policies were for catastrophic care coverage. Say, a young single guy had to pay $250 a month and was responsible for all normal costs, but if he crashed his motorcycle, everything over $10,000 would be covered.