Without Implementation of Actuarial Tables Insurance Companies Will Be Different If Forced to Cover All


When forced to cover people with any-and-all preexisting conditions, insurance companies become mere revenue gatherers, not actually in-the-game of probabilities which is the mechanism to establish healthcare insurance premium rates (and deductible levels), it’s the essence of real insurance, so if preexisting conditions are mandated to be covered by all insurance companies, sadly bailouts of those companies will be requested all-too-often, or they will go into bankruptcy. Thus the answer to handle the uninsured is probably a federal slush fund to be augmented by private charitable donations, maybe tax credits given for donations to the healthcare slush fund for the uninsured/uninsurable.