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.
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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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