How can Health Ins Cos make profit covering Pre-Existing Conditions?
Let's say the Supreme Court or Congress take down what remains of Obamacare other than the regulations that require private health insurance companies to cover pre-existing conditions (and to not rescind coverage when a covered person gets a serious illness.)
How could a private health insurance company make profit when they have to assume risks that do not fit within their business plan ?
Trump promised on numerous occasions that his plan would cover pre-existing conditions.
I understand he lies, he didn't really mean that, blah blah blah, but is there any feasible plan whereby a for-profit private health insurance company could cover pre-existing conditions ?
Is the Republican plan something like this - if you get sick and your insurance company drops you, you pay until you lose house and home. Then maybe you can get Medicaid before Republicans take that down as well.
Maybe some of these progressives like Bernie are right - health insurance for profit is not cost effective and is fundamentally unfair.
And perhaps the so-called moderate/centrists that want to preserve the status quo - a for-profit health insurance industry, are just trying not to rock the boat while it takes on water and inevitably sinks.