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thenewgreen · 4564 days ago · link · · parent · post: Chief justice leads Supreme Court's support of healthcare law
Today on Talk of the Nation, the question was posed "who lost by this decision" and really nobody had a good answer. I think in order for the Affordable Care Act to have any real impact from a cost perspective, the answer would have had to be "the insurance companies", but really they aren't opposed to it. Essentially it gives them a whole new crop of people to insure at a profit that otherwise would have never had insurance. Many of whom are young and low risk.
I agree. As I understand it, insurance companies will have many more customers now; however, insurers cannot turn away any customers for any reason, and their profits are capped at 20%. In my view that means it's all a giant wash. There will be a period of adjustment and people will grouse about that, but it's a big step forward for us as a society.
The only real issue that die-hard tea partiers might still bitch about would be the fact that the government will help pay the costs of insurance depending on income relative to poverty level. But the way I see it, working taxpayers are going to subsidize the uninsured and the very sick one way or another. We may as well do it in a way that's more transparent, more direct, and confers more benefits to us.
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thenewgreen · 4564 days ago · link ·
- working taxpayers are going to subsidize the uninsured and the very sick one way or another. We may as well do it in a way that's more transparent, more direct, and confers more benefits to us.
The cap at 20%, do you if that is net or gross profit? If it's net, I'd say that's pretty damned good. It's also something that is likely easily manipulated, especially at the net level.