Require insurance companies to have a high risk pool of insured. This high risk pool needs to be 10% of the people they cover. With the 10% high risk pool, any people covered and paid for within this pool would be a dollar-to-dollar tax deduction for the insurance company. It’s important we only allow this to be a deduction rather than a credit. This way more high risk people will be covered, prices won’t be driven up for the low risk insured, and the government won’t be wasting tax dollars with bureaucracy. This is a win-win for everyone that doesn’t allow government overreach into the private health insurance sector.
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