Saturday, May 14, 2011

What would the premiums cost for government health insurance?

How much will people have to pay to be covered by Obama care? Are there estimates? Do many people believe it will be free? It's good to know the price of things before you buy them.
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That is a good question. A whole lot of people are going to be disappointed when they find out they they will be forced to buy health insurance otherwise facing a fine. I don't really see how that is reform. People can choose to go out and buy insurance now, so what is the advantage? And how will costs be controlled? In some states, like California where I live, auto insurance is mandatory. Instead of decreasing costs, providers charge more, as anyone who has taken their car in for collision damage sees when comparing payed for by insurance vs. out of pocket for the same work (my truck, for example, was quoted as costing $1300 to $1500 to take out a dent while out of pocket it would only be $600). If anything, Obama and Congress are legislating a massive "gimmie" to the insurance companies. In the end, I think they are really going to mess up the system so badly that people will be begging for a single payer system in a few years. That is horrible, as the 80% of us that are happy with our health care will be screwed over being forced into an inferior system.
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