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The American Heart Association says that the average cost of Heart Bypass surgery in America during the year 2011 was $117,000 dollars. (Cancer treatment is even more expensive over a 1 or 2 year period.)
Ref: Cost of Heart Bypass Surgery - Consumer Information and Prices Paid - CostHelper.com
You need (approx) 585 claim-free people to pay a $200 premium that month to offset the $117,000 charge.
I don't think enough younger/healthy people will purchase health insurance in 2014 to offset the huge costs of caring for the influx of less healthy enrollees. Are there enough healthy people in the entire country to offset medical expenses, when health insurance without exclusion riders is guaranteed to every U.S. citizen?
How will insurers calculate what their premium must be on the Bronze/Silver/Gold/Platinum plans? How can they do this without knowing how many new enrollees will come their way through the exchange?
Is it insanity for the smaller health insurers to stick around and fight for customers with premium rates that are lower than the "big boys", in order to attract more customers via the exchanges?
It's looking more and more as if the Affordable Care Act was designed to destroy the private health insurance market, while raising revenue for Uncle Sam (gobs of new taxes, penalties) to come to the rescue with "Medicare for All" coverage.
-AC
Ref: Cost of Heart Bypass Surgery - Consumer Information and Prices Paid - CostHelper.com
You need (approx) 585 claim-free people to pay a $200 premium that month to offset the $117,000 charge.
I don't think enough younger/healthy people will purchase health insurance in 2014 to offset the huge costs of caring for the influx of less healthy enrollees. Are there enough healthy people in the entire country to offset medical expenses, when health insurance without exclusion riders is guaranteed to every U.S. citizen?
How will insurers calculate what their premium must be on the Bronze/Silver/Gold/Platinum plans? How can they do this without knowing how many new enrollees will come their way through the exchange?
Is it insanity for the smaller health insurers to stick around and fight for customers with premium rates that are lower than the "big boys", in order to attract more customers via the exchanges?
It's looking more and more as if the Affordable Care Act was designed to destroy the private health insurance market, while raising revenue for Uncle Sam (gobs of new taxes, penalties) to come to the rescue with "Medicare for All" coverage.
-AC
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