"Doing nothing would've been better."
Total nonsense.
The decade before the ACA, inflation was 31%, while medical inflation was 131%, more than four times the inflation rate. The trajectory was scaring heath insurance committees and Trustees to death. I know: I served on the committee (and eventually as a Trustee) and we were scared schitttless.
We were also on the cusp of giant swaths of Americans being tossed into high-risk pools due to pre-existing conditions.
The year before the ACA, my wife's best pal and her husband got tossed into a high-risk pool after she survived breast cancer. He'd lost his corporate insurance when he had to take so much time to care for her. Their rate was $5000 a month, when the COBRA rate was ~$500/mo.
"Doing nothing" would've been disastrous. And cowardly.
"Doing nothing would've been better."
Total nonsense.
The decade before the ACA, inflation was 31%, while medical inflation was 131%, more than four times the inflation rate. The trajectory was scaring heath insurance committees and Trustees to death. I know: I served on the committee (and eventually as a Trustee) and we were scared schitttless.
We were also on the cusp of giant swaths of Americans being tossed into high-risk pools due to pre-existing conditions.
The year before the ACA, my wife's best pal and her husband got tossed into a high-risk pool after she survived breast cancer. He'd lost his corporate insurance when he had to take so much time to care for her. Their rate was $5000 a month, when the COBRA rate was ~$500/mo.
"Doing nothing" would've been disastrous. And cowardly.