tag:blogger.com,1999:blog-8512362.post3195564036891653018..comments2024-03-10T13:59:19.230-04:00Comments on xpostfactoid: Brookings bombshell: ACA lowered premiums, subsidies aside. Some caveats....Andrew Sprunghttp://www.blogger.com/profile/17601269968798865106noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8512362.post-58354580305061733162016-07-23T08:38:41.634-04:002016-07-23T08:38:41.634-04:00Excellent summary, thanks.
As an agent I had a lot...Excellent summary, thanks.<br />As an agent I had a lot of opportunity to review the pre-ACA plans that people were angry about losing.<br />I would see plans that had a $10,000 deductible, then 50% coinsurance to $30,000. But as you say, the monthly premium might be $250 and if you never got sick, the plan seemed like a good deal.<br />The pre-ACA individual market was essentially a big casino. People could bet on never getting sick, and save a lot of money or not even buy insurance. The carriers could bet on how long it would take their initial underwriting to wear off, and how they might best drive off high claimants.<br />The effect of the ACA is to help the former losers at the casino, and to hurt the former winners.<br />So it is consistent that Republican social darwinists would take up the cause of the former winners.bob.hertzhttps://www.blogger.com/profile/09686373408419885558noreply@blogger.com