The new Tax Bill was signed in to law by President Trump. It removes the unpopular Obamacare individual mandate. This “little” penalty has grown in to a massive tax penalty over time (individual mandate penalties).
States with Insurance Monopolies
More Americans are dropping Obamacare. U.S. health insurance carriers are leaving Obamacare. The one exception are the insurance monopolies – Blue Cross & Blue Shield Plans. States where these BCBS plans have too much marketshare is bad for us. Places like NC. If you want to understand the price “racket” just study states like NC. North Carolinians do not have enough insurance choices (only BCBS NC). They now pay premiums in many counties greater than consumers in New York City. Finally, there are counties in NC where consumers do not even have an insurance plan to buy.
In closing, healthcare services in the U.S. remain a hot topic. The political divide in the U.S. is very noteworthy. Surprisingly, the acceptance of oppositional belief systems about health insurance is worsening.
What next?
It seems a socialized agenda has failed for decades as fraud and abuse run rampant in Medicaid and also Medicare. Obamacare has seen a similar trend as many Americans with millions of dollars in the bank can claim “poverty” from the standpoint of “adjusted gross incomes” and get free insurance. This was not the intention of Obamacare.
Association plans, Multiple-employer Welfare Arrangements (MEWAs) and Voluntary Employee Beneficiary Associations seem to be making a comeback. These are plans that have been around for decades and now with Tax Reform, appear to be gaining momentum.