JGalt
Diamond Member
- Mar 9, 2011
- 73,364
- 89,924
- 3,635
Fury, if this administration stops paying the subsidies, insurers may raise their rates obscenely. This will not be a popular move by our President/Republican Congress, because it will mean premiums flying through the roof. Again. Don't forget, we've still got the individual mandate. Obamacare stands.Don't hold your breath! You ever read Trump's art of the deal? It's in the book.I agree. If you read the linked article, all it actually says is that this administration won't give permanent approval to the subsidies. But they will continue to pay them.Or the insurance companies will raise rates. Chaos would ensue. This is just tough talk, they won't go through with it.Insurance bailouts? I heard Rand Paul talking about this last week. He said the insurance companies made 4 billion last year, and he doesn't want to give them a penny. However, it's a game of chicken. The insurance companies have the freedom to walk away if they are not making enough money in a state or a particular county. If the government doesn't make up the difference, how many insurers will we have left? We would have to hope the insurance companies actually want to provide the insurance and would go ahead without getting "subsidies." Game of chicken.
Have you never heard of "competition"?