I heard an interesting Obamacare theory a few days ago that relates to the issue of Pre-Existing Conditions.
Obamacare requires that you pay a penalty if you fail to purchase health insurance through the Exchange System. That penalty is far less than the cost of health insurance.
Assume you are young and apparently healthy. You take the penalty and forget the insurance. But then, suddenly, you are diagnosed with cancer. It’s cureable but only if you can spend $250,000 over a few years for medical treatment.
What to do? What to do? Well, just buy a some health insurance at the same cost as anyone else. That’s the law. The insurance companies cannot charge a premium because of the pre-existing condition.
Will people game the system?
Will this lead to the slow but sure destruction of the Health Insurance industry?
Will this lead to a Marxist Single Payer Health Care System?
As a famous lady once told us: You Betcha.
——You take the penalty——
Actually, the Supreme Court ruled that you are paying a tax on not buying insurance