ST Alpha - "This probably explains it better than I could, but the mandate that is being waived (for 1 year) is to remove the cap on lifetime coverage " (Reading a Post)

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In response to "What's the point of the mandate in the first place then?" by Strongbad

This probably explains it better than I could, but the mandate that is being waived (for 1 year) is to remove the cap on lifetime coverage

Posted by decline (aka Decline) Oct 11 '10, 08:53

which is impossible in these mini-plans since the Insurance companies would just discontinue the plans if forced to do it.

Sometimes you need to make compromises and by giving the waivers they allow 1 million people to continue to have coverage while also allowing the rest of us to not worry about the lifetime caps on our insurance.

I still don't see how this is a bad thing from any angle.

Responses:

The end result is a good thing, we agree. - Strongbad Oct 11, 09:04 2
- Word to your IM. I have my doubts about premiums not going up. I think from what we have seen, they likely will. -- nm - James Bond (aka Igor) Oct 11, 09:09 1
  - Premiums already go up by outrageous amounts. I typically see 20%-30% increases *each year* for my business - decline Oct 11, 09:13
^ this article explains it -- (link) - decline Oct 11, 08:54 1
- So we are assuming that later the govt will have a better insurance, and the companies will just dumb all their employees onto it? -- nm - James Bond (aka Igor) Oct 11, 09:02

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This probably explains it better than I could, but the mandate that is being waived (for 1 year) is to remove the cap on lifetime coverage

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