A major problems I see with the Republican plan for Medicare is the consequences of insuring a large population of senior citizens through private insurance companies. Would health insurers eventually refuse coverage to seniors much as they did with flood insurance (insurance companies do not cover floods, not enough profit)? As a large number of seniors get health-care coverage, the insurance companies will have to offset the increased costs of covering these seniors by raising health-care costs on all individuals. As health-care costs rise, healthier individuals, and business, would begin dropping coverage because they could no longer afford the increases, thus insurance companies would have to again increase insurance costs until only the wealthy, seniors, and the sick, had health insurance, making covering seniors an unacceptable risk for insurance companies.
Hey Wisconsin, Please recall Paul Ryan for the good of the nation!
A major problems I see with the Republican plan for Medicare is the consequences of insuring a large population of senior citizens through private insurance companies. Would health insurers eventually refuse coverage to seniors much as they did with flood insurance (insurance companies do not cover floods, not enough profit)? As a large number of seniors get health-care coverage, the insurance companies will have to offset the increased costs of covering these seniors by raising health-care costs on all individuals. As health-care costs rise, healthier individuals, and business, would begin dropping coverage because they could no longer afford the increases, thus insurance companies would have to again increase insurance costs until only the wealthy, seniors, and the sick, had health insurance, making covering seniors an unacceptable risk for insurance companies.