Healthcare Recipe for Disaster
Friday, October 9th, 2009The Senate should be voting on a bill next week.
As it stands now, the bill mandates that starting in 2013 everybody must carry health insurance. It will be guaranteed issue, so everyone will be approved no matter what your health condition.
Typically, when coverage is guaranteed issue, the rates are much higher. In the five states that currently have guaranteed issue laws (New York, New Jersey, Massachusetts, New Hampshire, and Maine), rates are at least twice as expensive as here in Colorado where I live.
But to prevent this from happening, Congress will mandate that everyone carry coverage. That way the healthy people will be putting money in the system to pay for the bills of all the unhealthy people that will be having surgeries, getting medication, having tests run, and going to the doctor. (more…)
