(10-27-2014 04:15 PM)dekalb222 Wrote: Premiums were and go up almost every year. They still mostly go up every year just not as much. You already were paying for people who didn't have insurance. Obama care actually is the Republicans version. Obama is in favor of universal health care. The reason the Republicans don't like Obama care is they know that people will come to like it. As, the Republicans said as Obama was being sworn in, we have to oppose everything he wants to do! Of course Insurance companies are going to blame Obama care. Who in their right mind believes the Republicans want Obama and America to be doing well!
Pretend you're an insurance actuary.
25 year old, healthy, non smoker, odds of getting very sick? Very low
40 year old, healthy, non smoker, odds of getting very sick? Medium to low
Any age bracket, suffering from a major illness, coming on board needing healthcare. Odds of costing the company $hit loads of money? 100%
Insurance companies didn't used to have to cover someone signing up with pre-existing conditions. That's not how insurance or Vegas work. It's a money losing proposition.
That said, how does the insurance company make up for that loss? Jack up premiums, which happen every year, but are much worse this year (hmmm, wonder why). And you make the deductible so high that the only time they will likely have to pay a claim is on a catastrophic illness.
Hell, why even buy insurance. If you have a $4000 deductible, with $10,000 in premiums there's a legit chance that you drop $12,000 and never even make a claim on the insurance that year.
Pay the fine, get coverage when you have a catastrophic illness.
Terrible model.
More over, the whole thing was set up to protect the 30 million uninsured. Guess what? There are still 30 million uninsured.