The health care bill continues to kill jobs.  Our rates have climbed while our coverage is reduced, but the real cost is still ahead.  Pending rules creates huge burdens on business, especially small business where job growth during a recovery is usually concentrated.  As more and more businesses close, sell or downsize, few new businesses are forming to fill the gap.  This bill is one of the reasons.

In 2014 the law requires a single rate.  No longer will insurance companies be able to charge a different rate based on age or sex.  Anytime a range of prices is reduced to a single rate, some buyers will gain and some will lose.

You do not have to be a statistical genius to see who the losers are.  The youngest workers will see a significant increase in health insurance premiums.  Those with the lowest wages and highest living expenses (families) will be forced to shoulder the highest cost.

Such a single rate may seem “fair” to those who have no idea of how markets work.

If you buy a whole life insurance policy when you are young you pay a lower rate.  Cash balances build, keeping your premium low. It encourages a long term relationship with your insurance carrier.

The Health Savings accounts is somewhat like whole life in the sense that you can build cash values for future use.  Getting more young people on such plans is part of a longer term solution to rising health care costs and covering more people.

There are some ground rules that need changing, but the better long term solutions will create an environment where health insurance is an individually owned product, like life insurance and auto insurance.  Regulations and mandates only drive up costs; they should be reduced.  And market forces like health savings accounts and allowing insurance companies to cross state lines should be encouraged.

The Obama Health Care bill should be repealed- totally.

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