posted on Nov, 15 2016 @ 02:51 PM
originally posted by: BlueAjah
And Obamacare was not needed for the pre-existing condition part either.
This is correct. There
were 2 issues with insurance. One is pre-existing conditions. For example, is it ethical to give my friend
who is in the coma insurance while in a coma, or stick him with a larger bill when he wakes up? Obamacare paved through things like this.
The second issue is more predominant than the first, and also not even close to as addressed as as the first. The second issue is that despite the
nature of most 'monopoly'* insurance doesn't actually WORK unless it's a single entity or a multi-beneficiary conglomerate. People were expecting
private insurance to get liquidated, or subsidized, or something- anything, with Obamacare as some kind of 'flagship' in the movement, but literally
none of that happened. Private insurance just again manipulated its way through the whole system.
*That part about the monopoly has a lot to do with the rates they charge for coverage. Private insurance has a lot of application outside of the
Everyone is used to Government breaking down things. Legally forcing a conglomerate is how you remove subsidy fraud, and insurance has a 'backwards'
way of operating. Competition only makes things worse from it's fiscal perspective to have equal coverage.
Obama is probably still on his soap-box at this moment saying if more of the uninsured people signed up for coverage, not only would the rates change,
it would force conglomerate at the risk of private insurers going out of business. The "dream" is everyone paying for it, so it's actually
edit on 15-11-2016 by imjack because: (no reason given)