Daily News Updates - Health Insurance News

No Right to Adequate & Affordable, Pt.1 – ‘Adequate’ or ‘affordable’, but not both.

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Mr. Reinhardt now turns his attention to Mr. McCain who, apparently, believes that Americans do not have the right to adequate and affordable health insurance/care any more then they have to a new Mercedes.  So Mr. Reinhardt explains his view that Mr. McCain’s plan will leave Americans still in want and will also undermine our nation’s mainstay.  That is, the employer-based health insurance system.  By switching the tax mechanism, employers will lose the incentive of offering health insurance benefits altogether.

This suits Mr. McCain just fine.  He would rather that our nation abandon this mainstay and try their luck in the free market.  There is no mention of ‘casino rules’, where the dealer always wins ties and the health insurance industry always gets to write the contract.  What’s in the contract?  Adequacy of the coverage, OR NOT.  Read the fine print, if you’re an attorney.  Adequate health insurance is never mentioned by John McCain.  For most of America, adequacy and affordability will become mutually exclusive (Choose only one from the list).  You can’t have them both.

By ‘nullifying’ the state-level consumer protections, Mr. McCain rightly predicts competition will increase and health insurance premium costs will go down for a few people.

Now the health insurance industry will be able to ‘cherry-pick’ their preferred customers and reject the rest.  The young and healthy will be lured away from the risk-sharing pools of employer-based plans in favor of the cheaper private individual plans (of course).  When this happens, only the more risky Americans who are not young and not in perfect health any more will remain.

Continued…
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