July 17, 2017
'Junk Insurance' vs. 'Junk News' at the NY Times
Taking a short break from Russian collusion stories, the New York Times is pivoting from Trump bashing to hitting Senate Republicans over their efforts to repeal and replace ObamaCare. In a recent article, the NY Times criticizes Ted Cruz’s proposal allowing insurers to sell bare-bones policies that don’t meet the ObamaCare policy standards, or essential benefits. According to the Times, these policies are “junk insurance”.
Not to be confused with “junk news”, a staple of the NY Times, Washington Post and other major newspapers, these so-called junk insurance policies are simply scaled-down coverage, allowing individuals to pay lower premiums for less generous insurance coverage. What a novel concept.
Given exponentially rising insurance premiums, it makes sense to offer lower-cost alternatives to consumers. In my state of Colorado, individual insurance premiums are expected to rise 27 percent next year. This is not a once in a decade...(Read Full Article)