By ending the tax penalty for failing to carry insurance and letting insurance companies sell junk plans that don't cover expensive illness (like cancer), Republicans are giving people who think they'll never get sick incentives to drop out of Obamacare coverage. So guess what? Insurance companies jack up prices because they are stuck with the sick people who cost them money.
You don't have to trust me about this. Kaiser Family Foundation explains it all in health policy wonk language.
H/t to my Facebook friend/health economist maven for the story.
1 comment:
insurance premium pricing is based on shared costs among well and ill. Too many voters seem to prefer avoiding knowing the truth.
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