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View Diary: A tale of two 'keep your health insurance' bills (104 comments)

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  •  Landrieu's plan is actually somewhat (4+ / 0-)
    Recommended by:
    IsaacKuo, pistolSO, bobatkinson, Sam I Am

    reasonable.  It does force the insurance co to give options.  It does allow a group of people to segment themselves from the exchanges, but over time most will end up in the exchanges because these policies are junk and most would, over time, rather move to a bronze policy if given time to make the choice.  The affected group is clearly a percentage of the individual market, so while it's a big deal to those individuals, it doesn't really impact the aggregate totals that much.

    I would also emphasize that the tax code already provides a fix for those who itemize deductions and pay for health insurance with after tax income to deduct their premiums and other health costs that exceed 10% of adjusted gross income.  That will help high earning people affected by the changes in the individual market. As an additional throw-in, there could be an amendment to allow health insurance costs to be 100% deducted or lower the threshold back to 7.5% of AGI.  

    As for the impact on the exchanges, I am not as concerned.  There are plenty of people, particularly young folks and small business folks, who will enter the exchanges because they provide a very good deal.  A lot of people are being enrolled in Medicaid which will substantially reduce the costs to hospitals of servicing the uninsured.  It may take some active regulation to push insurers to pass on those savings to customers, but it can be done.

     

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    by khyber900 on Wed Nov 13, 2013 at 09:15:18 AM PST

    •  The key regarding the Landrieu plan ... (3+ / 0-)
      Recommended by:
      msdrown, pistolSO, Sam I Am

      ... would be to prohibit insurers from writing new individual policies outside the exchange. If you had a plan in 2013, you can keep it. However, if you drop that plan, you are forced into the exchanges.

      •  An important point (1+ / 0-)
        Recommended by:
        khyber900

        It's a transitional step only.  It doesn't change the future it just makes it somewhat more gradual.  Most insurers don't really want to continue these policies and part of me hopes their highly visible cancellation notices backfire for their bottom line.

        •  I think the word gradual is key. (1+ / 0-)
          Recommended by:
          pistolSO

          I do believe that given more time and experience with the new system, most will move into the exchanges.  

          Global Shakedown - Alternative rock with something to say. Check out their latest release, "A Time to Recognize": Available on iTunes, Amazon, Google Play, Spotify and other major online music sites. Visit http://www.globalshakedown.com.

          by khyber900 on Wed Nov 13, 2013 at 09:36:54 AM PST

          [ Parent ]

    •  I am probably ignorant (0+ / 0-)

      in the ways of Health Insurance, but what I read of the Landrieu summary at least will stem the tide and force the shady policies to die and direct consumers to the exchanges.  The policy just has to cover the consumer for the term of the policy, not allowing insurer to drop the consumer because of bad health during the coverage.  

      One cannot raise the bottom of a society without benefiting everyone above. Michael Harrington

      by tporky on Wed Nov 13, 2013 at 10:35:39 AM PST

      [ Parent ]

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