Sep 13, 2010
The first part of Obama’s health care reform began July 1, when those with pre-existing medical conditions were allowed to sign up for health insurance.
For years, the health insurance industry had been denying coverage to those who had a “pre-existing” condition or who had a history of illness. The Congressional Budget Office estimated that four million uninsured people would be affected, and that perhaps 200,000 would sign up immediately.
So far, only 3,600 signed up for the new health insurance. Why so few?
Plain and simple, they can’t afford the outrageous rates offered under the plan.
Kaiser Health News pointed out that each person would have to pay more than $6,100 per year, at a minimum, in premiums and deductibles.
Yet the health insurance companies are getting a billion dollars a year from the federal government for the next five years to sign up these people with pre-existing conditions.
In other words, the system has been “reformed” to help the insurance companies.