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CBO's Catastrophic Omission
The Wall Street Journal; subscription may be required Link to more items from this source
[Opinion]
May 26, 2017
"Without government supervision of insurance minutiae and a mandate to buy coverage or pay a penalty, CBO asserts, 'a few million' people will turn to insurance that falls short of the 'widely accepted definition' of 'a comprehensive major medical policy.' ... [The CBO] analysts never once mention catastrophic coverage -- not once. These types of plans didn't cover routine medical expenses but they did protect consumers against, well, a high-cost medical event like an accident or the diagnosis of a serious illness. Those plans answered what most people want most out of insurance -- financial security and a guarantee that they won't be bankrupted by cancer or a distracted bus driver.... [U]nder the House reform Americans won't have any problem insuring against a bad health event, even if CBO won't admit it."

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