Our Governments Logic:
If the Plan Fails Just Make it Bigger
In the early 1990’s 8 states implemented mandates similar to what’s being implemented today in the Affordable Care Act.
Specifically, the requirements:
- to accept anyone, who applied for coverage and
- charge everyone within each group the same rates regardless of their age, gender, lifestyle choices or health status. This is known as “guaranteed issue.”
According to a report published by Council for Affordable Health Insurance and The Heartland Institute, between 1994 and 2003:
- “The number of people in these 8 “guaranteed issue” states covered by individual health insurance plans fell dramatically.
- “The 8 states have seen a massive exodus of private insurance companies that had been selling individual health insurance policies. Some 45 insurers, for example, left Kentucky between 1994 and 1997.
- “Premiums for individual insurance have soared. In Maine, the monthly premium for a family policy for someone aged 25 ranges from $1,270 to $2,388.
- “By contrast, states that did not adopt guaranteed issue have seen much smaller premium increases. For example, typical monthly insurance premiums for families in rural counties in Vermont are approximately 5 times as much as they are for families in rural counties in Illinois.” (Emphasis added.)
Damning evidence, wouldn’t you agree?
Fewer people insured. All paying higher premiums. With fewer insurers in the market competing for your business.
Knowing this, why would President Obama and Congress push so hard for a law that has already proven to fail?
They want The Affordable Care Act to fail.
They want the Federal government to take over the $2 trillion health care industry. In doing so, President Obama will cement his progressive legacy.