POLS30040 Lecture Notes - Lecture 11: Free Market, Infant Mortality, Hobby Lobby
13 Oct 2016
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Rising costs and the businesses were starting to feel the pinch of the rising costs. Medicare is for senior citizens and medicaid is for low income people. The policy stream was ready because it had softened up. They tried in massachusetts and it was similar with car insurance. Legislative and executive branches were controlled by democrats. Obama administration let congress draft the bill. Obama set deadlines for congress so open window wouldn"t close. A premium is just the cost of the policy or sticker price. Deductible is the amount of money the individual has to pay out of pocket before coverage begins. Co-pay is the amount is the individual pays at the time of service. Co-insurance is the amount the individual has to pay for the service. Healthy people aren"t buying insurance so healthcare insurance providers are left with all of the sick people. Healthy people would rather pay the fine of not having insurance as opposed to paying insurance.
