Stop the presses. When government demands that people be permitted to avoid buying “insurance” for years, only to be entitled to do so after they discover that they are sick, (1) that’s not insurance and (2) as result, current costs for “insurance” will necessarily skyrocket. Think about it. If you could avoid buying auto insurance knowing that you could never be turned down, even after you have a serious accident and suddenly realize that you need to buy it, what would you do? You’d save the money that you would have spent on premiums until you need “insurance.” Of course, that’s not really “insurance,” is it? Of course it isn’t! As soon as you say people can’t be turned away for “pre-existing” conditions, that’s the end of medical underwriting, and hence the end of insurance. All that is left is government-mandated income redistribution, which of course was the plan all along.
From the Wall Street Journal:
Healthy consumers could see insurance rates double or even triple when they look for individual coverage under the federal health law later this year, while the premiums paid by sicker people are set to become more affordable, according to a Wall Street Journal analysis of coverage to be sold on the law’s new exchanges.
Read the article. It’s quite interesting.
I haven’t been so shocked since Ellen DeGeneris announced that she is a lesbian.