You are correct philosophically that a ban on preexisting conditions would hurt insurance companies and likely raise rates as well.
More practically, however....I just hate that insurance companies can reject people for preexisting conditions.
It just seems wrong that Joe Bob, who lost his job and couldn’t even afford COBRA for a few months ends up screwed because he has a preexisting condition. He then has to wait a full year at his new job before he gets covered.
And heaven help the self-employed people. They have no rights under current law....they are just out of luck entirely.
My wife had had kidney stones in the past, and we had to get a temporary individual policy last year. They covered her but forced us to sign an exclusion for the kidney stones. No thanks.
I think it’s wrong on ethical grounds.
If you have a car wreck, your rates may go up a little bit, but you don’t lose coverage.
It astonishes me that you can keep coverage after wrecking your car but if you get sick and lose coverage or have to go on the individual market, you can not just pay higher rates but also lose coverage for conditions you have had claims paid out for in the past.
That is NOT consistent, and how ironic that auto insurance is more forgiving.
Life is not fair! If you know you have it, it isn't insurance. It is "someone else should pay my way"! Is everyone but me a bunch of chronically sick sissies?