re: #361 medaura18586

Everything in his analysis is correct. But he neglects to mention (or probably skipped reading entirely) the provision that private insurers cannot get any new enrollment. That’s the final blow. You can keep your plan for now — by that I mean the very current immediate plan you have arranged for with your employer. If you switch employer the dat after the bill’s passage, you may not move on to a different private plan, because no private ensurer can accept new enrollment.

So even if private insurers could survive the ridiculous hurdles imposed on them by this bill — the restrictions on premiums increases, limitations on changes of coverage conditions, and rebates funded back to clients from their premiums (destroying the very heart of what insurance is supposed to be about — i.e. spreading risk) — they simply are not allowed to take on new clients! That’s a simple fatal blow, which for some reason 3wood did not address.

I believe 3wood thinks that you can get another private plan, but it would have to be through one of the exchanges and meet the government’s requirements. However, that is going to drastically reduce your choices. It would be like if the government designed the cars, so all you were able to buy was a Chevy Nova, a Ford Nova, or a Chrysler Nova. They had similar prices but came in different colors, and you had to take them to different dealers for repair.