Why is preexisting health issues such a bad thing for Insurances?
How does the unemployed sign up or qualify for Obama-care with no Income and no dependents?
First question: Health insurance is not a freebie. It is risk pooling, i.e. its function is to spread the risk of medical treatment out over a group of people. The characteristics of the members of the group are what determine the risk, the costs and the premiums. Covering preexisting conditions raises the sickness level, and thus the medical expense, of the insurance pool. Premiums rise. They can rise dramatically. Through shouldering known expense, people who are well pay not for actuarial risk but for the treatment of people who are not. The system becomes an income redistribution mechanism.
Second question: Americans with low incomes receive subsidies through PPACA (Obamacare). The premiums of policies under this new law are staggering, and the coverage is poor, due to a number of those known treatment expenses one of which is mentioned in the first paragraph above. If a taxpayer reports an income of less than certain amounts, however, he may be given federal payment of part or in some cases all of the premium for a low-grade policy. These subsidies are another cause of PPACA's high premiums and low quality of insurance, but nominal insurance coverage is available to those who otherwise might not be able to afford it. If you have no income you should qualify for a policy paid for by others, but you must get it through one of the exchanges.
If you are unemployed you will qualify for medicaid most likely since it has been expanded in most states with the affordable health care act. Medicaid will not deny coverage to you due to any preexisting condition and one of the bonuses of "Obamacare" is that insurance companies are no longer allowed to deny people coverage who have pre-existing conditions.
If you don't qualify for medicaid, and your state has insurance exchanges, you should be able to qualify for a plan under that exchange and qualify for a subsidy based on your income.
by Christin Sander 6 years ago
How many people complaining about the healthcare bill actually know what's in it?I see a lot of people complaining and crying about how it will destroy America etc. What I don't see are logical arguments against it or any evidence that said people are making educated and informed opinions - and not...
by Susan Reid 6 years ago
This is an unscientific poll.I am curious to know the answers to four very simple questions:1. Do you have health insurance now?2. Who pays the premium (main monthly cost) of your health insurance?e.g., employer, government program, you, other3. If you didn't have insurance through a group...
by Scott S Bateman 12 months ago
The White House just announced that Trump is killing subsidies to insurance companies for individual policies that keep prices down.Low-income people who get tax credits because of their lower income won't be affected. Higher income people who buy individual policies because they are retired or...
by Mentalist acer 7 years ago
Will the new healthcare policy personally help you,and just exactly are the drawbacks of the healthcare bill?
by crankalicious 17 months ago
I am!It's exciting that Republicans, after so many years of opposing Obamacare, have finally passed a piece of legislation to improve the healthcare system.I'm particularly excited about some of the provisions that allow insurers to raise premiums on the people who use healthcare the most while...
by Don W 18 months ago
Donald Trump said he will deliver:- "good coverage at much less cost"- "a much better health care plan at much less money."He also said:- "I'm not going to leave the lower 20% that can't afford insurance."- "I am going to take care of everybody. I don't care if it...
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