Originally Posted by Math2
Regulation does not solve all. It eliminates competition, which is the driving factor of any product, unless the government decides that it should be the ones who decide prices.
It's an irrelevant point that companies must report any rate increases above 10%, they'll have reason enough to raise rates....
I am not aware of caps on rate increases, unless you are refering to the justification rule.
Yes, all that you said were positive, but so is everyone living on a 50 acre lot with a four story house. Who's paying for it?
Obamacare would be OK if we were living in Candyland, but it's not practical at all for anyone actually paying for their health care. Do you honestly think that Obamacare won't raise premiums? Really?
Obamacare makes companies offer more benefits, which is great, in Candyland. No warning bells in your head there? Forcing them to cover those with pre-existing conditions, coupled with weak penalties to force people to buy healthcare? Major warning bells yet? Think of it like this: Once health care costs inevitably rise as more preexisting condition cases enter the market, Obamacare imposes weak penalties to force people into the market. However, the penalties aren't as much as a healthcare plan costs, which some people will obviously see and they won't join in the system, leaving more high risk people in the system....Ever hear of the adverse selection death spiral? Well, now you'll get to see it first hand!
Don't forget one of the worst provisions in the law: 3:1 community rating for the old, meant to appease AARP. Young people are generally healthier than older people. I think you agree with that. Now think about old people. Generally unhealthy. So much more so that they cost 6x as much as young people. Which shifts the burden onto young people to pay for older people, because insurance companies can't charge more than 3x more than they do for young people. Works in Candyland.........
So your reply to facts is "Candyland" and supposition?
Who do you think pays for old people now? Working age people. That will never change.
High risk people? You pay for them now in spiraling premiums due to the amount that providers have to pay to provide coverage to the uninsured.
And I've never said it wouldn't raise premiums. I've simply addressed your ridiculous assertion that health care costs will go up more than ever before because of the law.