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Promises That ObamaCare Has Already Broken and Will Break
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10-09-2011, 12:30 AM
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CHyLmxDr
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Nov 2005
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The various mandates and regulations on insurance companies such as guaranteed issue (that bars them from refusing coverage to patients with pre-existing condition); community rating (that limits their premiums to a narrow range, regardless of the risk an individual patient poses) and medical loss ratios (that limits how much they can spend on administrative and other activities unrelated to patient care) will drive many of them out of business and drive consolidation in the industry. With competition diminished, premiums will rise as will the ranks of the uninsured.
This is by design, Obama wants a single payor and this pushes it that way invariably.
This aspect of his Bill is the most insidious part of it.
This aspect is the critical, pivotal portion, even more so than the purchasng mandate.
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