How would the free market prevent insurance companies from dropping people with preexisting conditions.
I know the topic of health insurances gets brought up here a fair amount, but I want to try and keep this focused on the issue of people getting dropped for necessary and expensive treatments and being denied coverage for preexisting conditions.
Prior to the ACA passing, the insurance companies basically had free reign to drop people’s coverage because they didn’t like how expensive it was to cover them. Wasn’t this basically the free market at work, which led to companies looking after their bottom line and ultimately led to the necessary regulations to prevent that (ironically I’d argue that those were more akin to the death panels that were allegedly going to pop up after the creation of the ACA)?
Do I think the ACA is perfect? Fuck no, but healthcare is one of those thing I believe regulation is necessary in order for everyone to have access to quality and affordable healthcare
Article from r/Libertarian: For a Free Society