So, according to this bill, people who do not comply with the individual mandate will be forced to pay like 685 a year in penalties. BUT, since insurance companies can no longer deny coverage, and since most people’s total insurance premiums are more than 700 dollars a year, why should anyone have insurance until they get sick/need it? I mean I pay like 1200 dollars a year in premiums, it would be cheaper for me to drop my insurance and then just pay the fine each year. If I get sick, I file for insurance. The only flaw is that I have dental, eye and other benefits that I use monthly, but in terms of catastrophic coverage, I have no reason to hold any kind of coverage unless I get sick.
That’s exactly the point of this bill. To drive insurance out of business and to realize a fully socialized health care system. As soon as the health insurance industry is destroyed, it will be shown that “capitalism has destroyed itself” and then we can live in a communist utopia.
This is incorrect. They have already completely driven out insurance with this bill. In fact, they have already begun to drive out the insurance industry decades ago, by gradually transforming it into a privatized welfare system enforced by government command and control regulations.
What they are now striving for is to drive out profit. That is their goal. To drive out profit.
That’s not an insurance company. It is a welfare company that redistributes wealth from one group of people to another group of people in a manner that is predictable ahead of time.
Yes. And it is a big part of why healthcare is so expensive.
I think DD5 is trying to say that because of all the regulation, there’s pretty much no true or real insurance companies out there doing what they were actually intended for.
In terms of regulation see the 1945 McCarrian-Ferguson Act and Republican legislation during the 1970s. I’m sure there is much more, but those are big ones.
if the bill is true and one would end up paying less for heealthcare (somehow) than with private insurance many might be exceited about that.
the govt already mandates its health care payment at 70 years of age.
many drug companies give drugs away to low income individuals already.
i dont know about the semantics claim. while the health care industry is regulated like many others i know that insurance companies still compete for small business accounts…i have seen it happen.
Alright, so after having done some more research on this, I think I’ve determined that the cost of not complying is 750 the first year but it goes up every year after that. So DD5 was right.
You are paying premiums for the highest risks. Which is why it has to be mandatory. It’s essentially a privately collected tax. They’ve tricked masses of people who are made net payers into supporting it by using arguments portaying any alternative as being universally disadvantageous.
There are two reasons to buy insurance. Gambling. Flattening out payments over time. You can just save up money instead of buying insurance, except that you won’t be covered up to a point.
Either way, this is just semantics.