“You have to have a transition plan or you leave people in the lurch.”
Fair warning works. Issue a date for outright repeal, giving insurers a chance to offer alternative plans and patients to transition. There’s been plenty of warning that a repeal could very well happen; insurers should already have sufficient plans waiting should it happen.
“If you thought Trump was going to leave a lot of people uninsured, then you didn’t listen to him.”
Trump is a hardcore capitalist. I expect his solution to “a lot of people uninsured” is “slash hindering regulations and let insurers offer something for _everyone_, even if it’s catastrophic coverage for $1/day.” (I’ve had some big medical bills, which could be paid with $10/day for life - not a bad deal, cheaper if duly pooled as catastrophe insurance.) The reason people aren’t insured (outright refusal to pay, common for young & healthy) is because insurers aren’t allowed to offer something those people can afford.
If i understood it correctly, this bill removed federal regulations on what insurers had to include. That would have put it back to the states. And would have allowed more variety.
I’m not sure that’s entirely a good idea. Individuals are not actuaries and don’t have sufficient information about what the real risks are. And they aren’t lawyers and they don’t have time to understand all the lawyer speak in insurance policies.
Insurance companies have actuaries and can remove coverage for things that are expensive and people are likely to need. And they bury those exclusions under tons of legalese.
That’s why every state chooses to regulate insurance. It’s not a conspiracy. (most of the time). It is problematic, in that the insurance regulators and the insurance industry tend to get to cozy.
If i understood it correctly, this bill removed federal regulations on what insurers had to include. That would have put it back to the states. And would have allowed more variety.
I’m not sure that’s entirely a good idea. Individuals are not actuaries and don’t have sufficient information about what the real risks are. And they aren’t lawyers and they don’t have time to understand all the lawyer speak in insurance policies.
Insurance companies have actuaries and can remove coverage for things that are expensive and people are likely to need. And they bury those exclusions under tons of legalese.
That’s why every state chooses to regulate insurance. It’s not a conspiracy. (most of the time). It is problematic, in that the insurance regulators and the insurance industry tend to get to cozy.