Without Obamacare Mandate, ‘You Open the Floodgates’ for Skimpy Health Plans
- 6 years ago
Without Obamacare Mandate, ‘You Open the Floodgates’ for Skimpy Health Plans
Without a mandate, the cost of coverage could increase by double digits on top of already high
premiums as healthy people left the market and sick people needing costly care stayed in it.
The drive by Senate Republicans to repeal the requirement
that most Americans have health insurance is not only likely to discourage people from signing up for coverage during the current enrollment period, but also could result in higher premiums.
Last year, a short-term policy averaged $109 a month for an individual, according to a recent analysis by eHealth,
an online broker, compared with $378 a month during last year’s open enrollment period for an A. C.A.
Many consumers would likely to turn to the cheap, short-term policies
that already skirt provisions of the law and may not cover pre-existing conditions or basic medical needs.
Without a mandate, the cost of coverage could increase by double digits on top of already high
premiums as healthy people left the market and sick people needing costly care stayed in it.
The drive by Senate Republicans to repeal the requirement
that most Americans have health insurance is not only likely to discourage people from signing up for coverage during the current enrollment period, but also could result in higher premiums.
Last year, a short-term policy averaged $109 a month for an individual, according to a recent analysis by eHealth,
an online broker, compared with $378 a month during last year’s open enrollment period for an A. C.A.
Many consumers would likely to turn to the cheap, short-term policies
that already skirt provisions of the law and may not cover pre-existing conditions or basic medical needs.