We’re getting closer and closer to full implementation of Obamacare. Remember this doozy?
If you like your health care plan, you can keep your health care plan.
That was Barack Obama touting his new health care legislation.
Most individual health insurance isn’t good enough for Obamacare
Just over half of the individual plans currently on the market do not meet the standards to be sold next year, when many key provisions of President Obama’s Affordable Care Act kick in, according to a University of Chicago study. That’s because the law sets new minimums for the basic coverage every individual health care plan must provide.
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So what happens to the plans that don’t meet the new minimum standards? They will likely disappear. A handful of existing plans will be grandfathered in, but the qualifying criteria for that is hard to meet: Members have to have been enrolled in the plan before the ACA passed in 2010, and the plan has to have maintained fairly steady co-pay, deductible and coverage rates until now.
Look for more awesomeness to come.
But why don’t they? Perhaps the insurance companies are offering plans that cherry pick coverage so they can deny benefits on things that people really need to be covered for. So I’m not sure this is a bad thing, I think the insurance company should meet some minimum standards. (Of course I’d do like German – make health insurance a non-for-profit industry, create clear regulations of what plans contain and cover, and then share costs with employers and citizens through a progressive fee schedule, with government assistance. This was a creation of German conservatives too!)
But why don’t they?
They don’t meet minimum standards as spelled out by the Obamacare law.
Perhaps the insurance companies are offering plans that cherry pick coverage so they can deny benefits on things that people really need to be covered for.
With all respect, I think that you are losing site of what insurance really is. It is NOT a college dorm meal plan. Where you pay a fee and get all the food you need or want. It is exactly that – insurance. An arrangement where someone else picks up the risk of massive high end expenses and you pay them a small fee in exchange.
No one thinks that insurance is an elaborate pre-paid medical exchange system, right?
Some of us think it should be 😉 I agree with European conservatives (so it’s not socialists) that in a modern industrial society health care should be a basic service such as police protection, a legal system, and public works. I guess we’ll just have to agree to disagree on this.
Some of us think it should be
And that’s a valid argument. But then I think that you should be honest and quit using the word insurance.
What you envision medical care delivery in no way resembles what we call insurance. Car insurance and home owners insurance – THAT is insurance. It covers cataclysmic costs, not oil changes, spark plugs, power washing or painting.