What about those who are going off their parents' insurance who have those conditions?
Probably about 1% of the those in the total individual market.
Your guess? I know at least half a dozen young people who are in this boat, including my son.
it's not insurance
That's exactly right. Medical insurance was not designed to be pure insurance. Part of its purpose is a cost-sharing arrangement where everyone pays a small surplus to cover costs of those who have catastrophic claims. It is more efficient than allowing the government to collect taxes and run a huge bureaucracy to administer treatment programs.
hundreds of millions, most of the market (healthy insurable people) may well see their premiums cut by 50 to 70%.
50 to 70 percent? Right. If we see 10% reductions in premiums, we'll be lucky.
Covering preexisting conditions is no longer insurance. Insurance covers unknown future risk.
It was never intended to be a pure insurance contract.
If they can work, group. They might be able to get an HSA and catastrophic care account with a pre-x exclusion clause, otherwise, HRP or MediCaid.
Medical insurance was not designed to be pure insurance.
Of course it was. The high risk pool isn't insurance.
Your guess?
No, that's the way it works out. Probably higher in your town.
Part of its purpose is a cost-sharing arrangement where everyone pays a small surplus to cover costs of those who have catastrophic claims
Yeah. That's what insurance does. For those who start off healthy.
our guess?
Why would premiums go up if claims go down. The two are directly tied together.
It was never intended to be a pure insurance contract.
Of course it was. It's just that it's been so screwed up for the last 20 years. (Ted Kennedy, Hillary Clinton) Now they're trying to get it back to where the decision making is done by the patient and the doctor.