Everyone who's heard the president talk about health insurance reform has heard those exact words. The problem is, while technically accurate at the moment, the bill the Democrats tried to ram through Congress before the recess would do everything it possibly could to stop you from keeping your coverage long term after the new plans go into effect.
IN THE BILL is a provision that clearly states that after the new, government approved plans go into effect on whatever date they get it done, you could in fact keep the coverage you had at that time. THE PROBLEM IS THOUGH that your insurance company would no longer be allowed to sell the plan you have to anyone else. The flow of new business into that pool would be cut off. EVERY TIME THIS HAS EVER HAPPENED, give a year or 2 at the most and the rates will go right thru the ceiling. Why? Because with no fresh business coming in, the average age of that block of business gets older, the claims mount up and therefore so do the rate increases. It's always been that way, and it always will. And don't think for a second that they don't know it.
They know they can't just step in and force the country on to government plans, but they're apparently perfectly fine with easing it in against your will.
Monday, August 24, 2009
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