Doesn’t Medi-Share lose either way? If it successfully argues that it ISN’T insurance it is superseded by the ObamaCare insurance mandate. Medi-Share participants would have to buy medical insurance in addition to Medi-Share.
I was once in a similar program, not Medi-
share.
Here’s the thing: Obamacare would decimate such plans no matter whether the plan argued it was insurance or argued it wasn’t.
Because there’s more than just a requirement to buy insurance. The feds actually rule the details of every move everybody makes, from the insurance company plans to the lowliest individual consumer.
Every move has to be pre-approved by the HHS. What is covered, how much to charge, etc. These type plans follow their own internal rules. Those who sign on to them are voluntarily agreeing with those rules. And can voluntarily leave if they later decide to.
None of that is possibe under Obamacare.
WHAT to call it...insurance or not insurance, won’t matter.