Saturday, March 18, 2017

Trumpcare, Ryancare question

There seem to be lots of flaws with the new bill to replace the ACA.  But neither those who defend the bill nor those who criticize it look at how the insurance industry will be affected, how they will react and adjust.

It seems to me there is a questionable assumption in all the discussions about the new law.  Journalists should pursue the question of whether there will even be insurance available under the law as proposed.  Insurers may withdraw from the market.  If not, prices will likely increase, and if so by how much? 

With the mandate to purchase under the ACA gone, the risk spectrum changes and the certainty that younger, healthier people will spend insurance premium $ is gone.

Our media mavens need to get a couple of health insurers on their shows and ask them what will happen.

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