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Old Health Insurance Policy Canceled? Your New One May Be Canceled Too.

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09/25/2014

John Goodman, the top health policy analyst, explains why Obamacare policies are also likely to be canceled. Just because they comply with Obamacare this year doesn't mean that they will comply next year. The way the law is written  guarantees that many policies will not comply for long. In addition,  if your policy keeps changing, and the doctors you are allowed to see are restricted to that policy, you may have to keep getting a new doctor over and over again. That should be popular.

Here is another way in which the drafters of this bill shot themselves in the foot. When Obamacare was being constructed, it was feared that it would outlaw the high deductible policy. That was what the Democrats at first wanted to do. They didn’t want the consumer to have any control over health expenditures, but instead to depend entirely on government policies.  When this goal proved too expensive,  Obamacare ironically outlawed a no deductible policy, as Goodman also explains.

It is easy to deride the authors of this mad bill. But any such legislation was bound to make a mess. Only consumer choice can rationally organize medical services.

http://www.forbes.com/sites/johngoodman/2014/09/23/why-you-are-likely-to-lose-your-health-insurance-no-matter-how-much-you-like-it/

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Hunter Lewis is author of twelve books, including The Secular Saints: And Why Morals Are Not Just Subjective, Economics in Three Lessons & One Hundred Economic Laws, Where Keynes Went Wrong, and Crony Capitalism in America 2008-2012, and has contributed to the New York Times, the Washington Post, the Times of London, The Atlantic and many other magazines and web sites including Mises.org and LewRockwell.com. Lewis is also co-founder of Against Crony Capitalism.org as well as co-founder and former CEO of Cambridge Associates, a global investment firm. He has served on boards and committees of fifteen not-for-profit organizations, including environmental, teaching, research, and cultural organizations, as well as the World Bank.

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