I’m not an expert on health care, health insurance, and certainly not on the way that government works. But, I like to think that I have some modicum of common sense. So, it’s with great trepidation that I see this health care bill.
My biggest concern is the cost of health insurance. My company covers a significant portion of our health insurance, but if rates rise, they very well could pass that expense on to us. If that happened, I don’t know if we could afford it.
Many people are lauding this bill and saying how great it is that people can’t be denied because of pre-existing conditions and that there is no more cap on payouts. Yes and no. Yes, I think there should be something available to even those with pre-existing conditions. But there already was! Now, the insurance agencies are going to be forced to cover them just the same as their low risk customers. I don’t have any solid numbers, but my math says that will make my rates go up.
Does anyone else understand any of that differently?
Shane Ede is a business teacher and personal finance blogger. He holds dual Bachelors degrees in education and computer sciences, as well as a Masters Degree in educational technology. Shane is passionate about personal finance, literacy and helping others master their money. When he isn’t enjoying live music, Shane likes spending time with family, barbeque and meteorology.