Friday, March 19, 2010

Healthcare reform for dummies

I'm amazed to no end by the number of people who think the healthcare legislation currently sitting in the House is going to radically affect them one way or the other.  Pay attention:

If it passes, insurance rates will go up since insurance will essentially be mandatory.

If it fails, insurance rates will go up because there will be no new rules to regulate it.

Bottom line:  If you have a job and health insurance, your rates are going to go up, just like they always would.  See how easy that was?

1 comment:

  1. I enjoyed reading this article, which reaches a very similar but not identical conclusion (due to the current incentive structure, costs are more likely to increase than decrease; the legislation has no effect on this whether it passes or doesn't)

    http://www.newyorker.com/reporting/2009/06/01/090601fa_fact_gawande

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