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Yes. As Charlie Munger says: "Never think about something else when you should be thinking about the power of incentives."
by arikr 9y ago
Yes.
As Charlie Munger says: "Never think about something else when you should be thinking about the power of incentives."
- charleslmunger 9y agoWorse yet is that the cost of these benefits creates an incentive for companies to prefer younger, unmarried, and childless employees over others. Until the ACA with the new preexisting conditions rules, it also meant that if you had a chronic condition of some kind, you were essentially stuck at the job you were at when you were diagnosed - if you switched jobs, your employer may not cover your preexisting condition, which could bankrupt you pretty quickly.
- ams6110 9y agoMany (most?) employee plans would cover pre-existing conditions as long as there wasn't a "gap in coverage." So if you didn't start your new job right away, and weren't paying for COBRA or other insurance in the interim, you could have been in trouble.
- justforFranz 9y agoI doubt the ACA will ever fully live up to its promise because Congressional Republicans need to try and overturn it every 4 months. Even if they don't succeed, they still end up injecting uncertainty into the market, which drives up prices. And it will go on forever and ever. It'll be one of those things Republicans never, ever let go of like abortion and guns.