one example to contemplate that I heard directly from an insurance company executive. The subject of pre-existing conditions.
The insurance companies are accepting these people now when they would not have in the past. And, for now, there is no major increase in premiums.
Many of us who have provided insurance for employees over the years learned and know that as claim cost go up premiums are soon to follow. This has been, among others, one of the driving issues of increasing costs that over the years have all but eliminate "company" provided health care is nearly extinct.
Back to the current. As those with pre existing conditions health care costs....new costs to the provider on top of what they were already experiencing....start to accumulate these new costs will result in much higher premiums as the incidence rate as well as the per individual claims paid rate is now burdened on top of current operating costs.
These costs will initially be passed on to the insured or they will be offset by some government subsidy to either the patient or the provider. And this money will come from where? You guessed it.
As a result of this "new" cost balloon being inflated every day and the delays it will take to get compensated there will be many insurance companies that will just get out of the business.
And of course this all plays to the single payer scheme that was overwhelmingly rejected by our lawmakers even during the railroading of the ACA.
The above is just one example of a ticking bomb being hidden in the workings of this law.....and health care industry leaders know it and their hands are tied.....until the balloon bursts.
One example. Responsible people do not have to be a benefactor of bad legislation to be convinced ...it ain't that bad....and those who allude to now "knowing" what is in the bill now that it has been passed are just kidding themselves.
Time will most certainly be the test. And there is no doubt the currently unknown costs of implementation will become an overwhelming burden for this country and it's citizens......including those who believe otherwise.
|