So how do you think this train wreck will be stopped? Insurance companies get more money to pay for the things they initially didn’t want to cover and now that everyone HAS to have insurance they will not be as strapped as initially thought. It isn’t going to stop and eventually we will all lose our group plans and be on single payer insurance
I really don’t know. I figure some grand bargain comes out eventually where this ridiculous “minimum coverage” thing is thrown away, more people end up on medicaid, but the private market is returned to the way it was.
If we’re smart, while we have the leverage we will have moves towards market-based pricing of routine medical expenses and use insurance for unseen events.
Probably something to equalize the tax effects of group/employer-based and individual markets is fair as well.
But we’re not called the Smart Party.