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<blockquote data-quote="vantexan" data-source="post: 1036794" data-attributes="member: 24302"><p>Those thousands of additional customers are the uninsured who couldn't afford insurance before or had pre-existing conditions that insurance companies wouldn't insure or would charge sky-high rates for. The rest of us will be paying for their care with higher premiums. When I say insurance companies will go bust of course I'm talking about healthcare providers. It's simply a matter of math. It costs a lot to insure those with pre-existing conditions and that cost is spread around to everyone. That will raise premiums considerably, people/companies will drop out, not enough revenue will then be taken in, and eventually you'll get that single payer system. When companies are shelling out more than they are taking in they eventually file bankruptcy. And with the high cost of healthcare it's just a matter of when. Look at the difference in cost between our employee healthcare and our retiree healthcare. I doubt that many will be willing to pay those retiree rates unless they were a highly compensated employee. As healthcare premiums go up to treat all those with pre-existing conditions(who wouldn't qualify before but now the gov't mandates it), I doubt very many will be willing to pay such high rates, especially when they have a more affordable gov't plan to fall back on.</p></blockquote><p></p>
[QUOTE="vantexan, post: 1036794, member: 24302"] Those thousands of additional customers are the uninsured who couldn't afford insurance before or had pre-existing conditions that insurance companies wouldn't insure or would charge sky-high rates for. The rest of us will be paying for their care with higher premiums. When I say insurance companies will go bust of course I'm talking about healthcare providers. It's simply a matter of math. It costs a lot to insure those with pre-existing conditions and that cost is spread around to everyone. That will raise premiums considerably, people/companies will drop out, not enough revenue will then be taken in, and eventually you'll get that single payer system. When companies are shelling out more than they are taking in they eventually file bankruptcy. And with the high cost of healthcare it's just a matter of when. Look at the difference in cost between our employee healthcare and our retiree healthcare. I doubt that many will be willing to pay those retiree rates unless they were a highly compensated employee. As healthcare premiums go up to treat all those with pre-existing conditions(who wouldn't qualify before but now the gov't mandates it), I doubt very many will be willing to pay such high rates, especially when they have a more affordable gov't plan to fall back on. [/QUOTE]
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