I’ve been pointin this out in debates with reform advocates for months now.
There will be no cap for premiums period, not only for pre-existing conditions. So, once you’re mandated to purchase health insurance, why wouldn’t the insurance companies raise their premium rates?
Why wouldn’t they especially raise their rates for pre-existing conditions so high that it would force these people to go on the public plan, where, if their premiums are capped, their costs would be born by everyone?
Even in the public plan, premiums will not be capped if a person makes more than 400% above federal poverty level.
The only option for these middle class citizens will be to pay the penalty tax of 2.5% of income. Then self pay all medical expenses and hope and pray they don’t get really sick.
Many will wind up loosing their homes to pay medical bills. Or dying early because they can’t afford to treat cancer, heart disease or kidney failure.