Whoops! ObamaCare Backers in Wisconsin Produce Report Showing That the Health Care Overhaul Will Make Health Insurance More Expensive
Included in the price increase are people who will be getting subsidies. That is to say, if the law had never been passed, this segment would pay less that they will under ObamaCare.
This is due to the minimum coverage requirements and the fact that you can't buy real insurance anymore.
Insurance is risk sharing. In true health insurance, everyone would pay out of pocket for the year-to-year health maintenance and minor bumps and scrapes. Insurance only kicks in for the bigger things, the things only some people will get. Not everyone will get diabetes, cancer, or heart disease; everyone gets check-ups, flu shots, the occasional stitches, etc. The former gets covered in a true insurance scheme. If everything gets covered, it's not insurance anymore, but health care financing.
Before the law, you could buy a minimal policy that just covered major medical problems, and left you to pay out of pocket for the rest. That is no longer permitted by the government.
This study shows that there are few, if any, winners from Obamacare.
Tuesday, September 6, 2011 Posted by Auntie Ann