Back in January 2008, Mr. AOW lost his full-time job after nearly twelve years of working for that particular employer. In part, Mr. AOW's job loss was due to the economic slowdown. But something else played a larger part in the job loss, namely, the company's policy about employees carrying employer-based health insurance: enrolling in the health-insurance plan was optional. The result: only those employees with significant pre-existing conditions enrolled in the health plan, thereby making the plan more and more expensive.
As most of my readers must know, I do not support ObamaKare. That said, the realities of insurance involve having both low risk and high risk insureds in the same pool. Indeed, that very concept of a diversified-risks pool is the basis of all insurance.
So, just how is ObamaKare going to function with only higher risk insureds in the plan?
- "as Many As 52 Million Americans Could Lose Or Have Lost Old Insurance Plans”
The McClatchy Newspaper group (not exactly a right wing center of political thought):Even as President Barack Obama sold a new health care law in part by assuring Americans they would be able to keep their insurance plans, his administration knew that...
- Obamakare And Family-insurance Plans
Much ado was made of Obama's warning health-insurance companies not to raise costs. And I personally know of several people who supported ObamaKare because they believed that ObamaKare would help them to keep their children on the family's health-insurance...
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Muslims Exempt From ObamaCare Because it Violates Sharia Law? The Senate health care bill just signed contains some exemptions to the "pay-or-play" mandate requiring purchase of Obamacare-approved health insurance or payment of a penalty fine....
- Health Insurance Nightmare
Short video of particular interest to me (hat tip to Hard To Swallow): As of this past spring, after long months of searching options and filing applications, this household of two has two individual, high-deductible policies. Indeed, such catastrophic-coverage...