Does Rand Paul’s plan include a 30% penalty to be paid to the insurance companies for not enrolling the previous year, when one buys a plan?
Does Rand Paul’s plan contain a bailout for the insurance companies?
30% penalty? Ok. let’s walk through it. A person shows up at the ER from a car accident and is pretty busted up so that’s going to run about $250K after surgeries.
Let’s see, 30% of $12,000 is $3600. So $1000/mo plus penalty, say $4600 up front, right? For $250,000 of care. And you’re complaining? For real? Naw. you’re pulling my leg, right?
If ya’ll don’t want to buy insurance I’m down with that. You can pay cash all day long. Just pay full price.
What bailout for the insurance companies? Oh, wait, I found a talking point - we’re supposed to ‘force premiums down.’ I didn’t see anything in Rands link that says a single word about forcing insurance companies to do anything.
The only way to ‘force’ premiums down is to regulate the (cough) out of the companies or vaporize everyone who’s not 100% healthy. I don’t see either one happening. And the vaporizing thing will only work for a few years anyway.