Explain to me how insurance companies are supposed to make a decent profit if they have to cover pre-existing conditions?
Explain to me how anyone can still call it insurance if pre-existing conditions are covered? Can I buy home insurance after my house burns down or car insurance after it is stolen or run into?
In this case two wrongs may have to do. They don't make a right, but they make things a little for feasible.
>> Explain to me how insurance companies are supposed to make a decent profit if they have to cover pre-existing conditions?
The high cost of regulations precipitated the cost threat of pre-existing. And with the regulations, so followed the corruption that led to the continuing premium increases.
Pre-existing was never a factor for us since we’ve always had coverage. But if pre-existing is a necessary one-time concession, no doubt it’s far less costly than the unwieldy ACA monstrosity.
Remember, it was never intended to work. Only to force the US into single payer medical system.
“Explain to me how insurance companies are supposed to make a decent profit if they have to cover pre-existing conditions?”
First, tell us what their profit margins are as compared to other businesses.
30Then go to Google Earth and go to coordinates of 30.254066N -81.545672W
Then tell me what kind of profit margin it takes to own that entire campus, dedicated to only 1 company and its Jacksonville location.
They aren't. They are supposed to be destroyed.
Few people anticipate a heart attack or stroke or accident and aren't going to apply for insurance if they are unconscious. Coverage of preexisting conditions doesn't help if they don't have any insurance when they arrive in the ER.
Insurers could be allowed to sell a high deductible plan without PC mandated coverage of benefits like contraception with $0 deductible. It would be much cheaper.
(Since they mandate some benefits with $0 deductible, high deductible plans under Obamacare aren't high deductible plans, no matter what they call them.)
Some states mandated coverage for preexisting conditions before Obamacare. Those states had relatively high health insurance premiums, but it was done before.
So you prefer they die?