Posted on 05/02/2018 10:10:45 AM PDT by Vigilanteman
Updated 14 hours ago
President Trump's former top health official said Tuesday that health insurance costs would likely go up as a result of Trump-backed Republican legislation removing the federal requirement that everyone have health insurance.
Congressional Republicans eliminated the individual insurance mandate, which was part of the 2010 Affordable Care Act, as part of a tax overhaul they passed in December.
Removing the mandate without passing other reforms could spur young, healthy people to pull out of the ACA's insurance market and stop paying premiums, driving up costs for those remaining in the “pool” of people with insurance, former Health and Human Services Secretary Tom Price told the World Heath Care Congress in Washington, D.C., according to the Washington Times .
“There are many, and I'm one of them, who believe that that actually will harm the pool in the exchange market,” Price said.
Price resigned last fall after reports that he was traveling on taxpayer-funded private planes.
While he was at Health and Human Services, Price said the individual mandate wasn't working and that people were choosing to go without health insurance because they weren't satisfied with the health plans' coverage, according to the Times.
(Excerpt) Read more at triblive.com ...
My first thought is that economics tell us that if people aren't forced to buy $#*+, then the price of $#*+ should go down, not up.
However, if you read into it, you need to page Captain Obvious. Once it becomes clear to younger, healthier people that ObaMaoCare may still be the law of the land (thanks to Juan McCain) but no longer has the power to fine them, then of course anyone with functioning brain cells will move to less costly plans or opt out of a costly policy with larded with idiotic mandates which they don't want altogether. Why is this even a news story?
Health insurance is way over-rated. The way my wife and I see it is that what we may need from time to time is health CARE. And when you pay for it yourself, it’s really pretty cheap. We don’t do health insurance.
IIRC, nothing changed vs. the ‘law’ that mandated plans be O’care ‘compliant’ a/o various other ‘by way of govt gun’ ....recommendations.
IOW, O’Care is still alive and well, it’s the People whom will be further hurt that Congress allowed it to continue.
I concur. the elimination of the individual mandate will destroy obamacare. Oddly, it doesn’t take affect until NEXT tax year. In our case, because we’re 64 and “tobacco users”, even the bronze plan Is so expensive we get to use the 8% rule waiver, so we don’t even have to pay the penalty. We’ve saved roughly $52,000 in after tax dollars in un-necessary health insurance premiums since the day Obamacare went into effect.
Because that is too long of an argument. GOP will raise insurance
prices is a better soundbyte.
for those who still get their insurance through the exchanges, because the healthy people who were roped in to keep the cost down are leaving now that we don’t have to buy it anymore.
So yes, for that limited sector, it will raise the cost. For everyone else, the cost is lowered.
The problem is that too many believe kicking a price down the road means a reduction in the actual cost. With health care you pay a higher price now which may reflect the true cost. Or you pay a much higher price later which is based on accumulated costs.
Within the government insurance pool it absolutely will.
Bullschtein!
Health insurance rates are going up, up, up anyway. And so are deductibles.
Because it is designed to.
Only the unleashing of free market forces will set both prices and care right. Simple as that.
Wait, wasn’t Tom the only one who could fix this mess?
Absolute lie
Price said prices will likely go up for people who STAY IN OBAMA care. The story is complete knowing LIE. Another example of why “Journalists” have a 17% approval rating.
Price's point was correct. Eliminating the penalty for the individual mandate without fixing all of the other problems with ObamaCare -- specifically the "minimum essential coverage" mandate, the elimination of annual and lifetime benefit caps, and the pre-existing coverage requirement -- is simply going to chase healthy people out of the insurance market entirely.
Irrelevant. That not what Price said and the article is about what Price said.
I need a choice of affordable plans.
The PPACA plans were never affordable for me.
I don’t care if the prices of Kalorama, DC mansions rise.
I could never afford one.
“removing the federal requirement that everyone have health insurance”
There was never such a requirement and I am the living proof.
Disgruntled ex-employee
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