The Latest ObamaCare cost: $63 per person to cover preexisting conditions

Well, that’s $63 right now, before everyone with expensive preexisting conditions decides that getting insurance is for sissies, and they can always not insure themselves, then go on insurance when medical bills hit.   The Christian Science Monitor reports,

The charge, buried in a recent regulation, works out to tens of millions of dollars for the largest companies, employers say. Most of that is likely to be passed on to workers.

Employee benefits lawyer Chantel Sheaks calls it a “sleeper issue” with significant financial consequences, particularly for large employers. [….]

Most of the money will go into a fund administered by the Health and Human Services Department. It will be used to cushion health insurance companies from the initial hard-to-predict costs of covering uninsured people with medical problems. Under the law, insurers will be forbidden from turning away the sick as of Jan. 1, 2014.

Whoa, covering people with preexisting conditions costs lots of money, that the continuously insured have to pay for?  It’s almost, almost like insurance companies weren’t being mean, but were trying to keep costs down for the responsible people.

Also, costs of uninsured people are unpredictable? You don’t say.



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Filed under Economics, ObamaCare

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