TAX PAYERS GET READY, YOUR FUNDING ANOTHER PROGRAM WITH OBAMACARE! copied Even if only one third of the people currently without insurance receive federal assistance, the cost to provide such assistance will amount to over $1 billion a year. Forcing insurance companies to accept applicants with pre-existing conditions is another cost-increasing aspect of the act. Denial of coverage because of a pre-existing condition may tug at the emotions and seem cold-hearted, but its basis is economic. Like all forms of insurance, health insurance rates are fundamentally based on revenue and expenses. People who do not have health insurance do not contribute to the revenue pool, but do increase expense. That’s analogous to having the ability to withdraw money from a bank account without having made any deposits.
Posted on: Fri, 18 Oct 2013 12:13:47 +0000
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