Saturday, June 30, 2012

Obamacare #2

According to much of the media, polls have consistently shown that Amreican's dislike the Affordable Care Act (aka. Obamacare) while liking many of not most of its provisions.

This should not be in the least bit surprising. The parts people like are the provisions that deliver benefits like no limits on insurance payouts, guaranteed coverage for those with preexisting conditions, and the outlawing of cancellation of coverage when you get sick. The part of the act people don't like is 'the mandate' i.e. the way that all of these benefits are paid for.

Clearly people would like a law that overall delivered those benefits but didn't ask people to pay for them; a 'free lunch' is something everyone would support.

It's also worth bearing in mind that in all likelihood, more people are healthy than are sick, so there are more people who'd prefer not to be paying for insurance they don't think they'll ever need than there are people who think what they'd already paid in premiums was a wise investment.  

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