Where Your Dreams Become Reality
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Subject: RE: Why do individual health insurance sign-up plans ask for details that go beyond the look-back period for your state?
There are a lot of issues with the free market system where everyone buys their own insurance
1) Switching systems will adversly effect certain people. Lets say I am 60 years old and have been working since I was 20. I subsidized all the old people in my group when I was young, is it fair that I don't get subsidized when I am old?
2) Is it fair that certain people will be charged higher rates through no fault of their own. For example if the average 25 year old has to pay 500/month would it be fair to charge someone 1k a month because they have a gene which makes it likely they will have breast cancer by the time they are 50
3) When can the insurance company raise rates and who can they raise them on. For example if your come down with diabetes, is it fair for them to raise your premium to 50k per year? Free market says yes.
4) How can people switch between plans? This is the same problem that Romney has when he suggests the states can do health care. Reducing mobility (i.e. I can't leave MA because I can't get insurance in CA) hurts the us economy. However if you let people move freely your back to the preexisting condition problem of CA doesn't want unhealthy MA people moving and my insurance company doesn't want to be know as a place offering first rate care for diabetics if I can't charge a huge premium for it.
5) We will still be paying the 30% overhead for insurance companies that a single payer avoids. There is a reason why medicare and the VA are far more efficient than any private plan.
There is no great solution to this health care problem. I am sure we could come up with a system that sucks less and is more fair but it will still disadvantage a bunch of people
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