In health care insurance a cheaper plan is more expensive once you get sick!
Not anymore. The point of the PPACA was to deny insurers the ability to deny coverage or establish lifetime caps. Try to pay attention.
Which means that the premiums are going to skyrocket for everyone else.
And yet, they aren't everywhere, only in states that can't figure out how to do it right:
How California Keeps Health Premiums Down Like No Other State
With the cheaper insurance plans, your deductibles are far, far higher. You have probably noticed that those deductibles, not uncommonly, can be $5,000 to $6,000 per year.
As they were prior to passage of the PPACA, but the premiums kept going up anyway. Then there were the lifetime caps, the denial of coverage for preexisting conditions, the denial of coverage for certain drugs, etc., etc., etc. that the insurers can't get away with anymore.
Reworking those deductibles and capping premium increases will happen when certain state legislatures stop being stupid or their constituents catch on instead of parroting the "Obummercare suks" meme and vote them out of office.
Typical of my far left Progressive friends. They have "solutions" that take huge amounts of money...and they have no clue as to where they will find all that money.
If someone had lifetime caps, thy had elected to BUY health insurance with lifetime caps. The song and dance about pre-existing conditions could easily have been solved without destroying our health care insurance and care system.
This may come as a shock to you but insurance companies don't get "AWAY" with anything.
Specifically...HOW do you "REWORK" deductibles? Where does the MONEY come from?
Specifically...HOW do you cap premium increases? Where does the MONEY come from?
You see...the FACT IS...Obummercare Suks!
Insurers warn losses from ObamaCare are unsustainable
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By
Peter Sullivan - 04/15/16 06:00 AM EDT
[...]
The Blue Cross Blue Shield Association released a widely publicized report last month that said new enrollees under ObamaCare had 22 percent higher medical costs than people who received coverage from employers.
And a
report from McKinsey & Company found that in the individual market, which includes the ObamaCare marketplaces, insurers lost money in 41 states in 2014, and were only profitable in 9 states.
“We continue to have serious concerns about the sustainability of the public exchanges,” Mark Bertolini, the CEO of Aetna,
said in February.
[...]
Insurers warn losses from ObamaCare are unsustainable