March 14, 2017
http://www.investors.com/politics/commentary/the-2-words-that-spell-doom-for-the-gops-obamacare-replacement-plan/
2 Words That Spell Doom For The GOP's ObamaCare Replacement Plan
When selling the House Republican's health care bill, Speaker Paul Ryan says that ObamaCare is failing and must be replaced. He also promises that the GOP bill will "ensure vital protections for patients with pre-existing conditions."
There is just one problem with this formula. ObamaCare is failing precisely because of those very "vital protections" Ryan wants to preserve.
What Ryan is talking about goes by the technical name of "guaranteed issue." This law bans insurance companies on the individual market from denying coverage or charging people more because of their health status.
It's a reasonable goal, and one that health reformers have struggled to achieve for decades. And not surprisingly, "guaranteed issue" polls well with the public.
But "guaranteed issue" does not work.
That's not an ideological statement or a partisan one. It's a fact documented by many states that already tried this reform in the individual insurance market decades ago, and then largely abandoned it after it failed in exactly the way ObamaCare is failing now.
Posted by: Timothy Birdnow at
10:16 AM
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