Originally Posted by rahl

I work in the industry, adding this many people who are currently uninsurable, be it health related or the inability to afford the premiums, will create an adverse selection which in turn will increase the price. There is no way that adding that many people will in any way decrease the premiums. Removing the pre-ex clause in Health insurance will only serve to further increase premiums. Do you really not understand that? That would be like mandating that no pre-exs apply to life insurance. If that was the case then every terminal cancer patient( or other terminal disease) would then be able to obtain life insurance. Ok, fine, but the premiums will have to go up astronomically in order to cover all the added pay outs or else the company will go bankrupt.