Individual insurance buyers. Finally, if you’re one of the 19 million people who buy insurance in the individual market, you’ll find all the protections of ObamaCare are preserved, including banning lifetime and annual-payment caps and penalties for pre-existing conditions. True, subsidies for lower-income buyers are smaller.
But the most newsworthy innovation is a multibillion-dollar fund that states can use to reduce premiums. States will pay the costs of the sickest insurance customers, so that premiums paid by healthy customers can stay reasonable. That feature has been ignored by the media and repeal critics, but it’s a keeper. With adequate funding, it has the potential to deliver what ObamaCare never did: affordability.