4 ms·
The root cause is that only your employer can afford to buy you coverage and also has less risk of getting dropped if they provide coverage for enough people.
by jhancock 17y ago
The root cause is that only your employer can afford to buy you coverage and also has less risk of getting dropped if they provide coverage for enough people. As an individual, the coverage costs more and your chances of getting dropped is over 50% if you do need care exceeding your premium.
- smanek 17y agoThe reason the market is so unfriendly to individual purchasers (high cost, possibility of getting dropped, etc) is that the entire industry is built around and optimized for selling to large corporations.
- pfedor 17y agoDo you have a source for the 50% number?
- jhancock 17y agoHere's a few articles pointing to the number. I assume that an individual buyer faces a higher rate of recission than those in a large group. http://tauntermedia.com/2009/07/28/unconscionable-math/ http://tauntermedia.com/2009/07/28/unconscionable-math/ http://www.walletpop.com/blog/2009/09/02/think-youve-got-health-insurance-better-double-check-and-be/ http://www.walletpop.com/blog/2009/09/02/think-youve-got-hea... http://wintershaven.net/2009/08/04/recission/ http://wintershaven.net/2009/08/04/recission/ http://www.nasdaq.com/aspx/company-news-story.aspx?storyid=200906161521dowjonesdjonline000607 http://www.nasdaq.com/aspx/company-news-story.aspx?storyid=2...