{"id":474,"date":"2009-09-08T11:57:48","date_gmt":"2009-09-08T15:57:48","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=474"},"modified":"2009-09-09T14:54:03","modified_gmt":"2009-09-09T18:54:03","slug":"how-to-cover-pre-existing-conditions-the-free-market-of-course","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/474\/how-to-cover-pre-existing-conditions-the-free-market-of-course\/","title":{"rendered":"How to Cover Pre-Existing Conditions? The Free Market, Of Course"},"content":{"rendered":"<p>From Ronald Bailey at<a href=\"http:\/\/www.reason.com\/news\/show\/132018.html\" target=\"_blank\"> <em>Reason<\/em><\/a> and the Cato Institute:<\/p>\n<blockquote><p>So how does health-status insurance work? As Cochrane [Cato Institute Scholar] explains, &#8216;Market-based lifetime health insurance has two components: medical insurance and health-status insurance. Medical insurance covers your medical expenses in the current year, minus deductibles and copayments. Health-status insurance covers the risk that your medical premiums will rise.&#8217; Cochrane offers the example of a 25-year-old who will likely incur $2,000 in medical expenses in a year. His medical policy component would thus cost about $2,000 per year, plus administrative fees and profit. For purposes of illustration, Cochrane then assumes the 25-year-old has a 1 percent risk of developing a chronic medical condition that would increase his average medical expenses to $10,000 per year. In that case, he would be able to buy medical insurance for $10,000 per year\u2014which is a big financial hit. That&#8217;s where health-status insurance comes in: It insures that you can be insured in the future.&#8221;<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>From Ronald Bailey at Reason and the Cato Institute: So how does health-status insurance work? As Cochrane [Cato Institute Scholar] explains, &#8216;Market-based lifetime health insurance has two components: medical insurance and health-status insurance. Medical insurance covers your medical expenses in the current year, minus deductibles and copayments. Health-status insurance covers the risk that your medical [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[12,98],"class_list":["post-474","post","type-post","status-publish","format-standard","hentry","category-posts","tag-health-care","tag-health-status-insurance"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/474","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=474"}],"version-history":[{"count":3,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/474\/revisions"}],"predecessor-version":[{"id":493,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/474\/revisions\/493"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}