@Cycloptichorn,
Cycloptichorn wrote:
Quote:Increases insurance premiums. Mandates in the Senate bill would require health plans to offer more generous coverage, increasing the cost of insurance.
Those same mandates add millions of new subscribers to the plans, which puts downward price pressure on the plans themselves. That's how insurance works. So, wrong again.
Why or how would adding millions of high-risk, sick, previously uninsurable individuals bring prices down? Isn't this the same thing that was said about the credit CARD act? You'd fix prices for risky people which ended up increasing the prices for everyone else. And in this case, your mandating that insurance companies sell insurance to high-risk people.
It would be like forcing the credit card companies to give credit cards to people with poor credit and/or no income to make payments.
I'm not saying its the wrong thing to do for our nation (I don't think it is) but to say that it will lower the cost of insurance for those that are currently insured (like Obama has been saying) is simply wishful thinking (with no record of ever happening in society) at best, and downright lying at worst.
Everyone that has healthcare today will see their insurance premiums rise if/when/after this bill goes into effect (above and beyond what the normal increase is/would be; I think the CBO or someone published a study saying as much).
Of course, those who can't get HC today for the various reasons, will be able to find cheaper coverage than they would normally received; but it will raise the costs overall. The cost of insurance per person will go up.