The pre-existing condition exclusion will not bankrupt the insurance industry. It will require insurance companies to raise everyone else’s rates to compensate for the high risk insureds they must take onto the rolls. It’s a societal safety net, plain and simple.
I agree, this is difficult to implement without also requiring everyone to purchase insurance, otherwise people will just wait until they get sick and then buy it. It’s a tough problem no doubt, but there is certainly a better solution than we have today.
That is where the 32 million new customers come in to spread the risk. The insurance companies wanted this bill. I went to BCBS of NC website and they were for it.
I want it repealed.
“It will require insurance companies to raise everyone else’s rates to compensate for the high risk insureds they must take onto the rolls.”
I wonder if you have any conception of the cost that would be involved in doing so. Even with mandates for everyone to buy insurance (thereby expanding the pool), they’d never be able to cover it. Mark my words, private insurance would go out of business, the government would nationalize the industry, and subsequently ration care. It happened in Europe, and it’ll happen here because of people like you.