POL 536 Chapter Notes - Chapter 18: Bipolar Disorder, Progressive Tax, Government Budget Balance
6 Apr 2018
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Americans trying to get ahead & bad for the economy because a mobile work force is more dynamic, efficient, & entrepreneurial. It may boost the economy by allowing consumers to spend some of the money they used to devote to insurance & care: cbo reported that refor(cid:373) did(cid:374)"t (cid:272)oi(cid:374)(cid:272)ide (cid:449)ith jo(cid:271) loss. Insurance companies are competing for profits by lowering premiums & their own administrative costs: the subsidies insurers with medicare advantage plans got would be much more their per- patient costs, so this was slated for cuts. Insurance companies now have to spend most of their premiums on the true costs of medical care, rather than administrative bloat or ceo salaries or else they have to rebate to policyholders. Insurers can"t exclude customers with preexisting medical conditions, take away coverage from those who become severely ill, or impose caps on how much they"ll pay over a year or lifetime for a given subscriber.
