The bill in the House to repeal/replace Obamacare got pulled at the last minute today because there weren't enough votes for it to pass. Most of the GOP was voting in favor, but the Democrats were united in opposition. I'm not interested in rehashing why the bill was pulled; I'd rather contemplate what is coming now. Here are a few things that we know for certain will be coming over the next two years:
1. Premiums for health insurance are going to rise. It's as certain as night following day. Most likely we will see the cost go up at least 20%.
2. Deductibles in the health insurance plans will also go up. That means that not only will people buying insurance pay more in premiums, but also that they will get no coverage until the spend a further huge amount on doctors.
3. More insurance companies will pull out of selling insurance on the exchanges. That means that within the next two years, we will likely see half the country with at most one choice for insurance. There will also be a growing number of places where health insurance is unavailable. Right now there are a few counties with no insurance available; in two years, it will be at least ten percent, if not more, of the country.
4. Millions of people will lose their health insurance coverage. That's the way the CBO or the Democrats would describe it. To be clear, millions of people will just stop buying unaffordable plans. Others will be unable to buy coverage because no insurance will be available in the places where they live. We know that in the last year, about two million people lost insurance under Obamacare. That's right, in the last two years, the number of those insured went DOWN not up. Few, if any, in the media ever tell you that fact.
By 2018, there will be a clamor to fix the system which will be greater than any we have seen in the past.
1. Premiums for health insurance are going to rise. It's as certain as night following day. Most likely we will see the cost go up at least 20%.
2. Deductibles in the health insurance plans will also go up. That means that not only will people buying insurance pay more in premiums, but also that they will get no coverage until the spend a further huge amount on doctors.
3. More insurance companies will pull out of selling insurance on the exchanges. That means that within the next two years, we will likely see half the country with at most one choice for insurance. There will also be a growing number of places where health insurance is unavailable. Right now there are a few counties with no insurance available; in two years, it will be at least ten percent, if not more, of the country.
4. Millions of people will lose their health insurance coverage. That's the way the CBO or the Democrats would describe it. To be clear, millions of people will just stop buying unaffordable plans. Others will be unable to buy coverage because no insurance will be available in the places where they live. We know that in the last year, about two million people lost insurance under Obamacare. That's right, in the last two years, the number of those insured went DOWN not up. Few, if any, in the media ever tell you that fact.
By 2018, there will be a clamor to fix the system which will be greater than any we have seen in the past.
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