Quote:
Originally Posted by microbet
I never paid much attention to Obamacare
That's kinda shocking for someone who spends a lot of time in a politics forum.
Quote:
Originally Posted by microbet
but is this about right: subsidize health care for people who can't afford it (and are willing to humiliate themselves a little) and instead of distributing that cost widely and progressively among all tax payers (people who have money) you fund it by mandating people buy private insurance and through everyone else's premiums. I guess the theory was that a lot of people who were choosing not to have health insurance were just loaded and spending that money on Gucci Bags and Rolexes?
That does seem awfully bad, but I may be missing something.
The problem was, insurers were saying to sick people "**** off, you're too expensive, we won't cover you" and that's bad.
You can mandate that insurers cover everyone, but then if only people who were previously denied coverage (because they are legitimately very expensive customers who defeat the purpose of "insurance" as an idea of something you get
before disaster strikes) sign up, the cost of insurance explodes for
all customers because insurers have to adjust premiums to the point where they can continue to be viable businesses.
So, the Obamacare solution was: if everyone has to have health insurance, then we can force insurers to cover everyone, and it's financially justifiable because we're also sending them new customers who won't be financial drains on the insurers to balance it out. And health insurance is genuinely a good idea because even people who describe themselves as "healthy" can have a health crisis hit them and bankrupt them at any time, and instead of bankrupting them personally while causing hospitals to spread their costs on everyone else (because it's not like they're gonna just eat it), those healthy-until-something-bad-happens people are now in the system too.
Single payer is of course a
better idea, but this is the solution that could get 60 votes in the Senate in 2009.