I saw a news article this week saying how some insurance companies are starting to get nervous about the requirements of the "Affordable Care Act," aka "Obamacare." The companies knew they would no longer be allowed to refuse to cover pre-existing conditions, and that there would be a cap on how much they could charge sick people in premiums. But all that was okay, because everyone was gonna have to buy insurance. All those young healthy people paying premiums and not making claims would balance the books.
But the young healthy people can do math. When insurance premiums are $3000 per year, and the fine for not having insurance is $100 per year, their choice seems simple. And the insurance companies are starting to sweat.
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