14 Nov '13, 6pm

Insurers: Obama is proposing to put the insurance market into the Death Spiral

Insurers: Obama is proposing to put the insurance market into the Death Spiral

* Are insurers even interested in offering these policies given the other strictures of Obamacare? Bear in mind, they cannot charge the healthy any less than the desperately sick. So they, like Obama, need healthier people in these high-risk pools. (Obamacare essentially puts the entire country into a high-risk pool.) So the insurance companies can offer these policies again... and the effect, I'm pretty sure, will be to drastically increase their own downside risk when they insure the uninsurable, and have fewer healthier people to tax to pay for the uninsurable. So Obama may be certainly is attempting to engineer a situation in which he offers an odious, destructive deal to insurance companies, so that when they balk, he can say, "See? This is why we need Obamacare, and none of this is my fault."

Full article: http://ace.mu.nu/archives/344969.php

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