This is not an hard fix and just another way to keep the American people bamboozled and baffled. One thing that bad been done right to a certain degree was when insurers use to calculate and follow the underwriting process. Underwriting is a process when insurers would get information from the medical information bureau to review your medical history to determine risk tolerance. Today, this process has been eliminated, therefore, insurance companies do not know who they are insuring which causes ridiculous premiums. One way to lower premiums again is to simply allow the underwriting process to begin again. No one's premiums should be higher then their monthly mortgage, even if the entire family is insured. Insurers need to have the freedom once again to underwriting people who are in good health and adjust monthly premiums based in consumers risk factors.
There is much talk about tax credits, the rising cost of insurance, social economics barriers, and the possibility of medicaid being phased out altogether by the year 2023. These topics raise a concern. Where and how are people going to afford any type of insurance? In particular, how will those earning minimum wage and are not part of group coverage through their employer health plans afford insurance? The above complexities and legal jargon being used today is just another way to cause confusion.
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