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RELIGION, CURRENT EVENTS, TECHNOLOGY Subscribe to the breaking newsWhat is RSS?
FRONT PAGE  |  2/28/2015
SATURDAY, AUG 24, 2013  |  2 comments
ObamaCare Will Lead to Insurance “Death Spiral,” Study Says
Under ObamaCare, beginning next year insurers must accept all applicants regardless of pre-existing conditions and must charge them the same rates for the same coverage. Everyone — including proponents of the law — knows that under such conditions, most of the people who have heretofore been unable to obtain insurance because of pre-existing conditions will immediately purchase policies. This will result in a sudden, steep increase in the benefits that insurers must pay without a corresponding increase in premiums, and that can only be bad news for the insurance industry.

What the industry needs, therefore, is a large pool of healthy individuals also to enter the market. These people will pay premiums but rarely draw benefits, thereby subsidizing the benefits of the newly insured sick.

ObamaCare is only going to make it a worse deal, driving rates for the young and healthy even higher. “The ...


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www.thenewamerican.com

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· Page 1 ·  Found: 2 user comment(s)
News Item8/24/13 9:47 AM
Anne | The Wild West  Find all comments by Anne
While there is still time to get out of the system, I would urge Christians to make a concerted effort to get into something like Samaritan Ministries International, Medi-Share, etc.

There are no abortions to pay for. Grandpa and Grandma are respected and taken care of. They support the family unit and the many facets thereof. All are welcome and all needs are prayed for through that body of Christ.

2

News Item8/24/13 9:22 AM
penelope  Find all comments by penelope
and I'm sure on the other side of the destruction of the system they have another plan to "save" us because they are only doing this "for our good"...
1
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pennnny: "he is correct."
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