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You mean the insurance companies should pay just enough to to keep you paying the premiums and when a big bill comes along , refuse to pay and cancel your policy. And tell your company to get rid off you. That the way it was before Obama Care. I know because I have been there. The free market at its best.
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Even in the private sector this is done, albeit clandestinely via the
Death Spiral.
Short version: Insurance companies can isolate bad health risks by offering the good risks a newer, cheaper plan. As the better risks exit the plan over a period of years, the only thing left are the unhealthy ones who cannot get any other insurance and must stay. That is when they begin to spiral the rates out of control.
Read an article in the local newspaper of people whose individual policies had continued to escalate to the level of $3,500 per month (one person) or more!
Just Google
Insurance Death Spiral and you will see how it works.
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As the premiums increase, healthy people increasingly flee, unhealthy people remain, average costs increase, the cycle continues and the premiums are further increased. This cycle continues until no one, not even the sick who may strongly want or need it, can afford the policy. The individual health insurance policy group then goes out of existence. Since the original size of the group was small in relation to the total subscriber base, it is very easy for an insurer to eliminate, or allow to go out of existence, any one group of policyholders.
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