Health

Highlights of Republicans’ Replacement for Obamacare

March 7, 2017 ZeroHedge 0

Republicans have unveiled their replacement for Obamacare. It will cover fewer people but, unlike Obamacare, it will not force people to buy coverage if they don’t want to. This article lists items that would be removed from Obamacare and those that would be added, such as a penalty if people fail to keep themselves continuously covered. Also, insurers will be allowed to charge a higher amount for older customers than for young adults. This is the same as charging older people a higher rate for life insurance or charging drivers with bad driving records a higher premium for collision insurance. In other words, the cost is higher for those most likely to benefit, which is a necessary feature of insurance if it is to function without tax subsidies. […]

Health

The Obamacare Secret Pricing Swindle

All plans to amend, repeal or replace Obamacare are based on the false idea that there is an insurance problem when the real problem is billing. Healthcare pricing is based on how much can be extracted from an individual or an insurance company, so prices fluctuate widely. People cannot shop for a better price because price comparison is prohibited. In fact, pricing is considered to be a trade secret that is protected by law. […]