Under the new plan insurance companies will not be able to deny coverrage based on pre-existing conditions.
Hallelujah!
Right?
How will that work?
Let's say Bob has a disease. It will cost $125,000 and take a year to cure it.
Bob goes to buy insurance.
"I have BungoRot" Bob proclaims, knowing the insurance company must cover him.
"Ah- BungoRot..." the insurance company replies.
"Very well-" The insurance company consults it's books and comes back:
"Fine, Bob, and welcome aboard! Your premiums will be $13,500 a month, two months due up front. Cash or debit Card?"
Lucky Bob.
"Wow- that's not fair", you generous big hearted Liberals mutter. "Bob can't afford that! Someone else should pay for it..."
Darn, you're right!
Let's refigure it...
Bob's insurance company happens to be your company as well, Hipster Consolidated. The number crunchers at Hipster Con. go to work and come up with a solution for dear Bob.
You get a letter.
"Dear Hipster Con insured,
Bob has joined our happy family and needs a little help with his coverage. Your premiums will be raised $345 a month effective last month.
Thankx!"
Now, about that rash and discharge Bob's partner Biff has developed...
Posted by
Utopianna on November 19, 2009 at 6:16 AM
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