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comment by 45usp
45usp  ·  4534 days ago  ·  link  ·    ·  parent  ·  post: Chief justice leads Supreme Court's support of healthcare law
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.





thenewgreen  ·  4534 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.
I agree, it's six or one half dozen.

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.

45usp  ·  4534 days ago  ·  link  ·  
Not sure, I'd have to look it up. I recall the percent is different for independent insurers, and that if an insurer fails to hit their cap, they have to give rebates. I agree that the companies will try to skirt the rules any way they can.