Wednesday, October 30, 2013

ObamaCare Is Second Rate Imitation Of The EHealthInsurance Website Plus A Voucher

The EHealthInsurance website is an internet based marketplace for buying health insurance. According to Wikipedia, the company is licensed in all 50 states and the District of Columbia to offer for sale more than 10,000 health insurance products from over 180 insurance companies. The site has been up and running on the internet well before Barack Obama was elected president.

While Obama and his staff tout the availability of government subsidies to make health insurance under ObamaCare affordable, the truth is that the government subsidies under ObamaCare are a form of a health insurance voucher to be used to purchase health insurance listed on the exchanges. It is similar to the subsidy for health care insurance, a voucher, proposed by Romney. A voucher is a limited credit given to a purchaser, a subsidy, to make a purchase more affordable. A means-tested, voucher-based system for healthcare, such as Romney proposed, and as ObamaCare is using, in conjunction with the experienced online health insurance marketplace, EHealthInsurance, would have accomplished the same things as HealthCare.Gov, the health insurance exchanges, and ObamaCare in a shorter time at a lower cost of implementation with less bureaucracy and with more insurance choices and insurance competition than the Affordable Care Act, ObamaCare. ObamaCare however, unlike Romney's voucher plan, overly restricts the types of health insurance that can be sold and treats the role of health insurance as a prepayment plan for all types of routine medical services. Insurance is monetary protection for the cost of the harm of risky events. Insurance is not a pooled savings plan for commonplace routine expected expenses.

The mere fact that a high deductible, catastrophic health insurance plan is not an acceptable health insurance plan under Obamacare shows that neither Obama nor the Democrats have any understanding of health insurance, it purpose or how it works and is priced.

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