Sunday, November 24, 2013

No preexisting conditions

Medicaid is among other things, health insurance for low income people. For most there was a small premium, something like $50 per month depending on the state you lived in. People did not buy into Medicaid because there was no pre-existing clause so people just waited until they got sick and then they bought insurance. Since Obamacare has eliminated the pre-existing conditions clause for al l insurance, I suspect that young healthy people will not buy insurance but just wait until they get sick and then buy it. Since the program depends on getting these young healthy people enrolled this will adversely affect the whole concept. I wish the news people would discuss this.

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