As I understand it, the bill forces all Americans to have health insurance. However, I think that the fine for having no health insurance is around $750. But after the year 2014, health insurance companies will not be able to turn customers away for preexisting conditions. Why wouldnt someone pay the fine or buy low end coverage until they got ill and supplement the coverage or buy an extensive plan?
Politics - 7 Answers
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1 :
ITS BACKED BY SANTA CLAUSE....
2 :
there going to goto court and sue the goverment for everything and the goverment will fight back with our tax dollars and we will all loss.
3 :
I don't see the market shoring healthcare stocks, do you?
4 :
Imagine if you were permitted to wait to buy auto insurance until after you'd had an accident, and then you could buy insurance and have the insurance company repair your car and pay off any liability claims. The premiums on those consumers actually holding insurance will have to go way up, up, up, to support this problem.
5 :
This is such a boon for the insurance companies, it is ridiculous. You ask, how are the health insurance businesses going to be able to stay viable? Well, they will be subsidized by the Federal Government. If you are a health insurance company and this bill passes, this is like guaranteed income. What so many people don't realize is going on is Republicans used to be the big business politicians, now it is the Democrats! This bill is crazy in my mind. They took what was once a good idea and have perverted it beyond recognition.
6 :
There is no ceiling on what insurance companies will be able to charge for health insurance. Our health insurance premiums will go up, not down. Health care will be more expensive with less coverage. Its extortion to spread the wealth.
7 :
You're right, some people might try to game the system. And I certainly wouldn't blame them. After all, the insurance companies have been gaming the system themselves for a long time. If too many people do what you described, I imagine the regulations would be changed so that pre-existing conditions are not covered for a year after enrollment, or something like that.
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