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Message
re: 4 Reasons insurance Premiums WILL rise next year
Posted on 3/21/14 at 9:16 am to Lsut81
Posted on 3/21/14 at 9:16 am to Lsut81
quote:
Though most insurers and even critics of the law don’t think a death spiral will happen,
Why so much doubt about this? Doesn't seem like that difficult of a concept to grasp. Not enough young people sign up. Premiums go up. The next year, the higher premiums price out even more less wealthy (and younger, healthier) individuals. Around and around we go.
I feel like I must be missing something here.
This post was edited on 3/21/14 at 9:17 am
1
Posted on 3/21/14 at 9:19 am to UGATiger26
quote:
I feel like I must be missing something here.
I agree... But you have to remember that the Insurance companies were given a gift in the legislation. They can act like the post office and continue to run deficits because they were guaranteed to be made whole by the legislation...
What a great world. Its a win/win for them Either way, they get their money.
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