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    Health Insurance Competition and the New Healthcare Law

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    1) Does the new law encourage health insurance competition in your sector?
    2) Why or why not?
    3) Support your position based on research.

    © BrainMass Inc. brainmass.com June 4, 2020, 2:26 am ad1c9bdddf
    https://brainmass.com/business/business-law/health-insurance-competition-new-healthcare-law-457519

    Solution Preview

    The new law indirectly encourages health insurance competition in the public sector, due to the fact that those insurance companies that endorse and carry plans with high premium levels, will be subject to additional excise taxes, which is a form of penalty for keeping the premiums so high, which can make it difficult for low-income individuals to be able to pay. Due to the fact that high premiums result in additional taxes, insurance organizations are attempting to lower their premiums as much as possible, and still be able to make a decent profit, which puts them in direct ...

    Solution Summary

    This solution discusses health care insurance competitions and the new healthcare law.

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