excellent analysis ... no one’s talking about it ....maybe a good thing
No ones talking about it, because, other than small companies trying to save cash, its not too likely many people are going to be doing it.
Let see, you will give me $X toward some premiums that I have to go shop for on my own.... but you will indirectly pay so much for.... whether that’s the full premium or not... okay. So I have no real leverage other than an individual buying coverage....
Meanwhile, big companies shop and negotiate their insurance because they are buying large quantities, and as such get better overall deals.
The author greatly overstates the impact this is likely to have long term for the industry or most Americans. Which is why, it isn’t getting, or likely to get much press.
In fact I would expect in a year or two you are going to start seeing stories where american’s used this program but bought cheap incomplete coverages and are complaining about how their insurance doesn’t cover this or that....
I have nothing against this program, but the proponents of it making claims it will DRASTICALLY shift the balance of the industry, don’t understand the industry at all. IMHO