Quote:
Originally Posted by Daseal
Nope, learned my lesson. Personal coverage will kick in sometime this month!
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Demonstrating my point of coverage dipping. Daseal is now part of a larger insurance pool. Being young and of relatively sound body, the odds are that he will not need insurance again for some time. I am betting his personal coverage is extremely expensive. Thus, he is
exactly the type of person insurers need to be profitable and to make up for people like me. If Daseal, and others like him, are covered by a national policy, then people like me (married, kids) will simply have to pay more for insurance. In addition, we will be taxed to pay for Daseal's coverage and for those people my insurer rejected as being to expensive. Soon enough, people like me will not be able to afford our current coverages and have to drop into the national policy which, in turn, will just increase the cycle until the national policy is the only policy.
Is that a good thing? Not for me and those like me. Yes for the truly unisured or uninsurable - this would not include people like Daseal b/c he made the choice (either consciencely or not) to be uninsured. Eventually, under the current system, Daseal will likely reap its benefits. If it changes as Obama plans, then he will, basically, get the worst of both worlds.