Saturday, May 6, 2017

TRUMPCARE: New Amendment Would Pay People Not To Buy Insurance While They're Healthy

A new amendment to the revised edition of Trumpcare would actually pay people to eschew purchasing health insurance while healthy.
More moderate-to-liberal Republicans such as Rep. Fred Upton (R-MI) and Rep. Billy Long (R-MO) were reluctant to support an amendment by Rep. Tom MacArthur (R-NJ) that allowed states to opt-out of Obamacare's requirements to provide "essential health benefits and ban on charging sick people higher premiums," per Axios. Upton and Long only came on board with Trumpcare when a new amendment was introduced that provided an extra $8 billion to subsidize high-risk pools and cover the cost of those who had a lapse in coverage and would otherwise face "higher premiums in the high-risk pool and a 30 percent surcharge/penalty under" Trumpcare, according to Hot Air's Allahpundit.
In other words, the amendment subsidizes people not to buy insurance.
As Allahpundit points out, that would only exacerbate the soaring costs of health care, as the amendment would encourage people to wait until they're sick to buy health insurance, creating a pool of unhealthier enrollees without enough healthy enrollees to pay for them, thereby resulting in higher costs.
Read the rest HERE and follow links to related stories below:

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Democrats sing “hey hey, goodbye” to GOP after health-care passage

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