General Discussion
In reply to the discussion: Why Are People with Health Insurance Going Bankrupt? [View all]bvar22
(39,909 posts)The elimination of the PECs for children was a HUGE gift to The RICH and the Upper Middle Class that can afford the steep Buy In price,
but excluded the Working Class who can't afford it.
The RICH couldn't get coverage for their children with PECs no matter how much money they had,
and NOW, they can.
The Insurance Corporations can NOT deny coverage for a Pre Existing Condition,
but they CAN refuse coverage if you don't have $500+ in disposable income every month.
The same financial exclusions are operative for allowing Parents to carry their children on their policies,
IF they have the money.
The extension of the PEC coverage to adults doesn't happen until 2014,
so we will have to see how that works out.
Never-the-less, giving the
For Profit Health Insurance Corporations The MANDATE
was NOT a fair trade for the handful of Beans we received.
2014 fast approaches.
We WILL see what happens.
Like marching into Baghdad, maybe we WILL be met with Cheers and Flowers as some predict.
I fear 2014, when 70 Million hard pressed Working Class Americans are MANDATED onto "The Exchange", will be more in line with the reality of marching into Baghdad,
and MILLIONS of very pissed off Working Class Americans forced to buy Junk ("Bronze"
Health Insurance they can't afford to use.
...but one thing is for sure,
we WILL be marching into the future.
Investment money is POURING into the For Profit Health Insurance Corporations.
Most are posting RECORD profits.
WellPoint, Inc. is UP 50% since 2009.
Doesn't look like anybody is scared.
Every Nickle of PROFIT posted by the parasitic Health Insurance Corporations
is a Nickle of Health Care that WILL be denied to some American.