The endgame was to get the young and healthy to buy more expensive insurance than they need or want. "Expanding the risk pool" and "spreading out the risk" by mandating - i.e., forcing - young people to buy insurance is just market-based spin for socialist ends. A risk pool is an actuarial device where a lot of people pay a small sum to cover themselves against a "rainy day" problem that will affect only a few people. Such "peace of mind" health insurance is gone. What we have now is health assurance. With health assurance, there are no "risk pools" really, only payment plans.
Thursday, March 25, 2010
No Wonder They Were All So Happy
Jonah Goldberg congratulates the Obamacarians. They got what they wanted, a "Trojan Horse" that will eventually lead to the single-payer system they always wanted.
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