Obomacare Pre X Clarification?

[Paradigm]

The kaiser family foundation website

 

[TXINSURANCE]

The fact that there is NO penalty for NO prior insurance and huge gaps (after 2014) makes the entire bill a joke when you have fines that are trivial.

 

[sunmed]

Agreed TX! Why pay for insurance when you can buy it when you need it. Maybe, obama can do Auto Insurance Reform, so when I wreck my car, I can have the wrecker drop it off at my local State Farm office and I can get the necessary coverage then. I think I'll take the $250 deductible please

 

[TXINSURANCE]

Right and we all know how well the auto insurance mandate has worked.

 

[Googly Moogly]

Are they going to allow pre x waiting periods?

 

[jdechol]

That is what a local Health Brokerage is saying on the radio. It goes in effect in 9 months so the insurance companies have no choice but to increase rates the next go around if not right away to offset this added risk.

That my friend is how there will be a public health care plan. They will kill the insurance companies with regulation that makes it impossible for them to offer plans and protect themselves from adverse selection.
.

Correct me if I'm wrong. Adverse selection probably won't be a problem. All americans will be required to have insurance and at minimum a good plan (not a stripped down limited benefits pos) there should be no adverse selection issues. Additionally I bet we will see something where people can only change insurances once per year like with med advantage.

 

[TXINSURANCE]

Lol. You are funny.

There will be a multitude of adverse selection problems.

1. Fine is too low for non compliance. Lower than premiums. Why buy insurance when there is only a few hundred dollar fine (or no fine) vs premiums much higher.

2. The IRS has been given apparently no authority to enforce the mandate. No liens. Nothing unless they have a refund coming it would come out of the refund. I also believe the CBO stated cost if enforcement would be 5 to 10 billion. Where is the funding?

3. You really think they are actually going to fine the deadbeats that just don't care? Millions are eligible NOW for programs. They don't care.

The concept of mandate with fine to offset GI is absurd and flawed.

 

[somarco]

All americans will be required to have insurance and at minimum a good plan (not a stripped down limited benefits pos) there should be no adverse selection issues.

No adverse selection. What planet are you from?