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John R. Carroll[_3_]

wrote:
On Apr 24, 11:32 pm, Ignoramus31606 ignoramus31...@NOSPAM.
31606.invalid wrote:

Well, imagine a hard working, self reliant guy who works hard, saves
money, has a little nest egg saved. Then in his middle age, he has a
car accident that exceeds his insurance and has all the money taken
from him. Then a year later, he gets sick and is unable to work.

I do think that he fully deserves a social safety net.

i

Now under the new healthcare bill, insurance companies will not be
able to deny coverage. So does that mean he can have a bare bones
medical insurance policy while he is in good health, and switch to one
of the gold plated policies when he finds he has a serious expensive
illness?

The only thing addressed under the health-care legislation just passed is
basic coverage.
People are on their own for anything more.

If he can, then I would expect a race to the bottom among the gold
plated insurance plans. Each trying to offer a plan that a person
with large medical costs will not choose.

Premiums will reflect whatever insurer's want them too.
They'll either have customers or not.

--
John R. Carroll