How Obamacare Failed to Fix Pre-existing Conditions (Guest: Devon Herrick)
Herrick discusses a recent article he wrote with John Goodman of The Goodman Institute describing how Obamacare failed to fix pre-existing conditions and created problems where perhaps few existed before enactment.
Because of guaranteed issue (the law that requires insurance companies to accept sick people) and community rating (the law that sets rates the same for everyone regardless of risk), insurance companies had no choice but to ration care and the result is those who are sick are locked out of some of the top health care centers, some in their own backyard.
- why Obamacare was sold as a solution to pre-existing conditions and not as its original intent which was to solve the issue of the uninsured
- how HIPAA addressed the issue of pre-existing conditions before Obamacare
- examples of the narrow networks that exist now in Obamacare policies
- rising premiums and narrow networks make the plans even less attractive to healthy individuals making the insurance pools even worse