Thursday, November 20, 2008

Insurers First To Jump Into Health Pool

Health insurance lobbyists put forward the first deal point in what is sure to be a protracted battle to solve the health insurance dilemma.

They suggest they would be willing to cover everyone, as long as everyone is required to have coverage.

They just don't say HOW MUCH you'd have to pay for it. Being offered coverage does little good if your premiums would be $30,000 a month.

So the offer is basically meaningless without some way to structure pricing.

And given that 10% or more of the population will be out of work by January, I don't see how the current employer-based system gets us there. Where will those 10% of unemployed workers go to purchase their $30,000 a month coverage?

This is going to be a tough nut to crack.

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