eflatminor
Classical Liberal
- May 24, 2011
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what do you think making insurance too expensive to own if you are already sick does?
The better question is "What causes insurance to be too expensive to own?". The answer is government requirements to include every coverage under the sun in every policy sold and government price fixing of premiums. In a free market, there would be thousands of choices in every state for all kinds of coverage, from emergency only policies to Cadillac coverage with all the bells and whistles. Instead, government forces the latter down the throat of the few carriers allowed to sell these policies, then the government tells them what they can and cannot charge. This defeats the very purpose of insurance and causes higher premiums for us all. When carriers can no longer offer tailored policies to folks with serious medical conditions at a reasonable price, they will understandably seek to avoid the exposure entirely. Obamacare does not fix this, it makes it worse.
In a free market, everyone would have coverage priced to their exposures. In your world, a 400 pound couch potato that has never eaten a fruit or vegetable has the 'right' to full coverage at the same price as a healthy person. That is insane, the results of which we see today.