In other healthcare news, the long-awaited GOP bill is upon us!
The individual mandate to purchase insurance is gone, insurers can't refuse to cover pre-existing conditions (one of Obamacare's provisions), age-based tax deductions instead of the current income-based subsidy scheme when 47% of Americans don't earn enough to pay income tax, a 30% premium penalty when re-enrolling after a lapse in coverage...
Like I said a few pages back, without the mandate to introduce young, healthy people into insurance pools it all collapses. Nothing about this plan will reign in costs; people will forgo insurance until they're sick, insurers will then have to cover them, leading to premiums spiralling further out of control.
Perhaps this subject deserves its own thread, as I imagine the non-Burgers among us have their own takes on healthcare provision.
07-Mar-2017 05:48:26