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Medicare Prescription Drug Coverage

Prescription drug coverage will be a new benefit offered by Medicare in January 2006. This program offers an extensive overview of the new ...

Medicare Prescription Drug Coverage

Prescription drug coverage will be a new benefit offered by Medicare in January 2006. This program offers an extensive overview of the new ...

Ask Fred - Medicare Prescription Drug Coverage

Fred Thompson answers questions about medicare prescription drug coverage.

Playing The System

I doubt they are betting on it, it just sounded good. After all, as I have said, the Health Care Reform bill wasn’t about covering people and lowering costs, it was strictly about Government control of who lives and who dies. Control of Life itself.

Eventually.

The poison in the bill has to have time to kill off Private Industry first.

The key to achieving that goal, Democrats believe — along with expanding Medicaid and subsidies for buying coverage — is the individual mandate, which requires individuals to have health insurance or pay a fine. The mandate is supposed to push nearly everyone into the pool to minimize free-riding on the system. But what if millions of Americans decide it’s a better deal to pay the fine and remain uninsured until they need coverage?

And they will. And so will companies.

That is, when the government catches up to them.

There was a guy on the radio last week who has lives in Socialist Utopia of Massachusetts that has had no health insurance since the law was passed 4 years ago.

He hasn’t received an letters about fines until now, 4 years later.

He still can’t afford the insurance, even in Massachusetts…

Imagine that Nationwide.

Sure, the IRS is hiring new people, but not to go after you for Health Insurance…right….

It appears that’s exactly what’s happening in Massachusetts, which passed its own ObamaCare-like reform with an individual mandate in 2006.

Last year, Charles Baker, former CEO of Harvard Pilgrim Health Care, one of Massachusetts’s largest health plans, noticed some health insurance brokers posting comments on his widely read blog. They were suspicious that people were applying for health coverage after a medical condition developed, got the care they needed, and then dropped the coverage.

Insurers have long recognized this problem, known as “adverse selection,” which is why every type of insurance normally restricts people from obtaining coverage after an incident has occurred. Someone can’t, for example, buy a homeowners policy for a house that is already on fire. But Democrats have decided to do away with that basic actuarial principle with regard to health insurance.

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