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Chet Ruminski Wrote: The flag waving hallmark of pre-existing condition coverage and similar conditions will kill ACA. I must admit my naivety and ignorance because I had thought ACA was subsidized in some extent by the government. Otherwise what would be the purpose of Obamacare? As it turns out Obamacare is simply a reorganization of billing procedures. No government money.
You are grossly misinformed about Obamacare. Of course the ACA is subsidized in some extent by the government. What would you call the tax credits and expansion of Medicaid? Many Republican states chose to screw their citizens over by not expanding Medicaid, but the tax credits are still there for every individual who qualifies for them.
Chet Ruminski Wrote: Well, you can't use wonderful words like no denial for pre-existing condition coverage without paying for it. That is why insurance companies denied it in the first place. Why sell insurance to somebody who will be a significant long term liability. Insurance companies denied it to keep the costs down. So what is going to happen now that the law requires health insurance and requires insurance companies to offer pre existing condition coverage. This is what happens: Insurance rates will sky rocket up and deductibles and co-pays will skyrocket up. Resulting in higher health insurance premiums with less coverage.
Yes you can because there is no denial for pre-existing conditions anymore. It is illegal to even have it on an application form.
And as TJ said--insurance companies denied it to keep their profits up and to pass all the risk to the Federal government. People who didn't have health coverage and got sick still went to the hospital and those costs were then passed on to the government, aka the American taxpayer. Now when they get sick the vast majority of the costs go to the health insurer instead of the Federal government.
Chet Ruminski Wrote: jaredsxtn, you have always presented pre-existing coverage as a Hallmark of Obamacare. Am I right or wrong ? This has not been posed by anybody else or has it?
I've never once suggested that mandating preexisting coverage is the hallmark of Obamacare.
What I have said is that it's one of the many things that are good about Obamacare. It forces insurance companies to pay for things instead of the American taxpayer. I'd say my favorite thing about Obamacare is that insurance companies are now legally required to spend a minimum of 80% of premiums on claims and other activities that improve health care quality. It's 85% for insurance companies in large group markets.
That, in the long run, will help bring down costs because companies aren't able to pocket all of their money. It will also force insurers to think of new ways to provide benefits to consumers that keep them from unneeded trips to the hospital.
One of my favorite new things about my BCBS plan in Oregon is the 24/7 nurse hotline. Many other companies are rolling out video chats with medical doctors that are included with their premiums. Those are the kind of things that will eventually bring down costs as insurance companies continue to adapt to the new world of Obamacare.