Wednesday, August 09, 2017

Your Health Care Is Their Health Care

"Free" care still costs more:
Obamacare requires every insurance policy to cover a set of what it defines as Essential Health Benefits.[2] The more benefits that a plan covers, the more expensive it is. Some people might prefer to buy less comprehensive insurance at a lower cost. For example, one option might be to buy insurance only for major healthcare costs such as surgeries or hospitalizations.

Since most Americans receive health insurance from their employer, the rising cost of healthcare is a key factor holding down wage growth. If the cost of benefits were the same today as a generation ago, the average pay for full-time workers would be more than $3,300 higher annually. Some people might prefer a bigger paycheck and less comprehensive coverage.

Healthcare policy analyst Bob Laszewski believes the ongoing unpopularity of Obamacare insurance coverage raises questions about “stability in the individual-health-insurance market.” He notes that “only about 40 percent of those eligible for subsidies have signed up for coverage. In what other business or government program would such a dismal acceptance by those it was targeted to serve be considered a success?”
The more unpopular it is, the more they think you need it...

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