Why Are Insurance Companies Against Healthcare Reform?

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   Neil Steinman

   Owner, Orange County Health & Life Insurance,

   I have not heard or read anything about insurance companies begin against healthcare reform. And why would they be? If you're selling a product, and it becomes law that everybody must own that product, would you complain? Additionally, since there is so much unknown risk behind offering guaranteed issue coverage, without knowing how many "young and healthy" people will apply, the government is guaranteeing to "bail out" insurance companies if they face huge losses.

   Answered on May 16, 2014

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