| Kasz216 said:
3) Health insurance prices will only be able to discriminate based on age group, where you live... and family size. First off... where you live? Why? That's just asking for redline districting... |
Healthcare in some states cost more then others, so they are allowed to adjust prices based on location.
Here is another thing to consider.
Insurance companies make about 7-8% profit. This means there is very little room to play. let's say they go crazy and drop that to 5% (insanely low for a company). To compare, Apple is in the 40 something percent profit arena.
So, aside from very little wiggle room, insurance companies have to offset any additional costs by raising rates.
The reason insurance companies don't cover people with pre-existing conditions, is because they cost a fortune. They are going to be required by law to cover these people, and they are not going to be allowed to charge them much more then they can charge everyone else.
This means for everyone, the cost of insurance goes up. About 5% of this country wants insurance that can't get it. Not very much. But right now, there are millions of people who are living paycheck to paycheck, and any additional burden on there monthly expenses will really be felt.
I would think the number of people this bill directly harms, is far more then the number of people it will help. How about the hundreds of thousands of people who will lose there jobs? Or won't be able to get them, because this bill will eliminate a job that would be created otherwise?
I am sure the last thing they care about right now, is insurance, when they can't even feed there families.
