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Originally Posted by AOII Angel
Actually, things should be less expensive as more people are covered because there is a mandate that all people have insurance including the young, healthy citizens. This bill doesn't give free insurance to every citizen. It requires everyone to buy insurance. The risk is spread around so cost decreases. As you have seen recently in California when the recession hit and all the healthy people dropped their coverage, leaving all the chronically ill people on the rolls of Blue Cross, the rates skyrocketed. Adding people to the insurance rolls brings down the risk and costs. Why do you think they made everyone get insurance?
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Actually, because everyone HAS to get insurance there is no reason for the rates to be dropped. Remember insurance companies are business out to make money for their share holders, that's all. Basically supply and demand says there is now a great demand for a product they are selling so they can charge whatever they want for the most part. And adding everyone to the insurance roles means there is actually more risk because there will be no more 'pre-existing condition' clauses. Do you really think that healthy people don't get cancer quickly? I know that around here a 3-week treatment cycle for my mom's breast cancer costs at least $28,000. Or my medical bills from an accidental fall came to over $10,000. Those are all insurance claims from people that would be considered healthy prior to those events. . . .
Tort reforms to allow interstate competition is what would actually bring the insurance premiums down as companies will have to compete for the business and the patients will have a true choice in what insurance they want. Once again we are back to putting the patient at the heart of actual reform.