All by itself, this destroys the insurance market. This clause alone forces Government Monopoly on healthcare.
It is as if you do everything you can to avoid auto insurance until after the crash, then you buy insurance only for what damage you caused.
Insurance companies are there to insure against PROSPECTIVE risks, not RETROSPECTIVE acts.
The only way to still have "insurance" is to FORCE everyone to buy insurance.
If the government can FORCE people into economic transactions against their will, how is that different than slavery? Can they force 100% of your income to be spent exactly as they wish? At the company store? What degree of freedom exists if the Government can FORCE all of your money to be spent as they see fit? There is no legitimate difference between healthcare and food, clothing, shelter, etc.
Thought this would be interesting from CBO Directors Blog.
Congressional Budget Office
Director’s Blog
« Policies for Increasing Economic Growth and Employment in the Short TermThe Obama Administration’s Health Care Proposal
This morning the Obama Administration released a description of its health care proposal, and CBO has already received several requests to provide a cost estimate for that proposal. We had not previously received the proposal, and we have just begun the process of reviewing it—a process that will take some time, given the complexity of the issues involved. Although the proposal reflects many elements that were included in the health care bills passed by the House and the Senate last year, it modifies many of those elements and also includes new ones. Moreover, preparing a cost estimate requires very detailed specifications of numerous provisions, and the materials that were released this morning do not provide sufficient detail on all of the provisions. Therefore, CBO cannot provide a cost estimate for the proposal without additional detail, and, even if such detail were provided, analyzing the proposal would be a time-consuming process that could not be completed this week.
This entry was posted on Monday, February 22nd, 2010 at 2:23 pm and is filed under Health.