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Obamacare is likely to drive up costs of healthcare

  • 07-04-2010 6:38pm
    #1
    SLUSK
    Closed Accounts Posts: 1,156 ✭✭✭


    The Obamacare bill is very likely to drive up the costs of healthcare. One reason for this is because people will "game" the system. Because of this bill insurers will no longer be allowed to "discriminate" against people with so called pre-existing conditions. This means you can get health insurance AFTER you found out you have cancer and need to undergo chemotherapy...

    Now you might say that according to this bill you will pay fines if you refuse to get this medical insurance but from what I read according to different insurers it will be cheaper to just pay the fines than paying for the insurance.

    In Massachusetts they have a health care bill with many similarities to the Obamacare bill and people "gaming" the system have been driving costs up for everyone else.
    http://www.boston.com/news/local/massachusetts/articles/2010/04/04/short_term_customers_boosting_health_costs/?page=full


Comments

  • #2
    Flamed Diving
    Closed Accounts Posts: 6,609 ✭✭✭Flamed Diving


    The worm has turned then.

    Delightful...


  • #3
    SLUSK
    Closed Accounts Posts: 1,156 ✭✭✭SLUSK


    Flamed Diving wrote: »
    The worm has turned then.

    Delightful...
    Peter Schiff said this bill is insane, he is probably right.


  • #4
    Anonymous1987
    Closed Accounts Posts: 784 ✭✭✭Anonymous1987


    SLUSK wrote: »
    Peter Schiff said this bill is insane, he is probably right.

    Well if Schiffy said it, it must be true after all he predicted the financial crisis don't you know!


  • #5
    Hasschu
    Registered Users, Registered Users 2 Posts: 411 ✭✭Hasschu


    Non contributors can be easily controlled and will be in time. The unnecessary expense that will continue like the Energizer Bunny is the 15-20% insurance company overhead. That also will be addressed in a time of crisis. Do not put all your eggs in US Health Care Insurance.


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