Supposedly this would be stopped by the checks and balances of the Affordable Care Act | AKA Obamacare.
Everybody would be required to have and pay for insurance, that meant the insurance companies would get a lot more money to insure the millions that had never had insurance before. In return the insurance companies would not stop sick people from having insurance because sick people would be fewer than all the new payers. In return the insurance companies would agree that anything 10% or less would not need government approval when increasing rates, but anything more than that does, meaning that the government has the option of denying the high requests or telling them they cannot go over their 10%. It's an asinine system that should never have happened. Instead of being an affordable care act it was a boost the insurance industry act. It'll be telling if the Government allows this to happen year after year.
Supposedly this would be stopped by the checks and balances of the Affordable Care Act | AKA Obamacare.
Everybody would be required to have and pay for insurance, that meant the insurance companies would get a lot more money to insure the millions that had never had insurance before. In return the insurance companies would not stop sick people from having insurance because sick people would be fewer than all the new payers. In return the insurance companies would agree that anything 10% or less would not need government approval when increasing rates, but anything more than that does, meaning that the government has the option of denying the high requests or telling them they cannot go over their 10%. It's an asinine system that should never have happened. Instead of being an affordable care act it was a boost the insurance industry act. It'll be telling if the Government allows this to happen year after year.