Quote:
Originally Posted by Barry-xlovecam
At first read it seems OK for me because I have a good income and a preexisting condition.
However, it allows for uncontrolled premium increases. Premium increases need to be inflation capped at the very least. Or, maybe an ITC if your premiums are more than 8% of your net income (pre tax).
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Competition drives down prices. Since the insurance companies can sell across the US it will drive down the premiums. Also the reason why they pull out of certain states because they are basing income and losses on each state.
The one thing I don't like about it is self-insured doesn't receive the same tax benefits as employer insured.