
The Other Options of Obamacare
Congress is concerned that young, healthy people may try to avoid high preiumums of the Affordable Care Act and instead opt for options like the penalty, which is less costly than the price of double premiums. Forbes reports:
The Democrats who dreamed up, wrote and rammed through ObamaCare are
Many of us in the health policy world warned Democrats that ObamaCare created a number of perverse economic incentives. In most cases they simply refused to listen. Now that the actuaries have started weighing in on the cost of coverage (
Of course, our health insurance solons decided to put in a penalty (or is it a tax?) for being uninsured to try to encourage people to get in the system and stay in. But the penalties are much less than the cost of coverage, especially in the first few years. And thanks to President Obama’s demand that his law ignore actuarial principles that have existed for hundreds of years, people can get coverage even if they have a medical condition.
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