Posted on 08/03/2013 1:43:23 PM PDT by Jim Robinson
TWO beliefs continue to shape debate on Obamacare. First, pre-existing medical conditions shouldn’t prevent people from obtaining affordable health insurance. And second, people who don’t want health insurance shouldn’t be forced by the government to purchase it.
These may seem to be reasonable positions. But they are incompatible. That’s been shown by historical events, and it’s now being strikingly confirmed by recent experience in the emerging Obamacare insurance exchanges.
The crux of the matter is what economists call the adverse-selection problem. Uninsured people with pre-existing conditions often face tens or even hundreds of thousands of dollars in out-of-pocket medical costs annually. If insurers charged everyone the same rate, buying coverage would be far more attractive financially for people with chronic illnesses than for healthy people. And as healthy policyholders began dropping out of the insured pool, it would become increasingly composed of sick people, forcing insurers to raise their rates.
But higher rates make insurance even less attractive for healthy people, causing even more of them to drop out. Before long, coverage would become too expensive for almost everyone.
The adverse-selection problem explains why almost no countries leave health care provision to unregulated private insurance markets. It also predicts that requiring private insurance companies to charge the same rates to everyone will make it prohibitively expensive for most people to buy individual health insurance.
(Excerpt) Read more at nytimes.com ...
Economist? The guy’s an out and out commie.
Everyon who did not actively support them, or who opposed them, has earned the right to fully participate in the scam program.
NSA has the names of those of us who comprise the second group.
Basic premise is wrong. obamacare won’t work, can’t work, period. Never will. Any discussion over this condition, that waiver, etc is moot. obamacare is a failure, period.
We have just seen what happens when an unscrupulous
administration controls the IRS. One can only
shudder to contemplate them having control of the
health of a nation.
Absolutely! Using this and amnesty they are determined to turn this into a third world socialist Hell hole.
So says another communist "economics professor", LOL.
I will NOT submit to this crap. I won’t pay ANY fines and I won’t back down.
If they decide to darken my doorstep they will get a rude awakening. I’ve had it with this tyranny.
I used to be part of a Union. I am still on their mailing list. They are dumping their members in ObamaCare.
In communism, you don’t get a choice .... you are part of the collective and you will participate even if kills you. You are encouraged (through threats and torture) to be enthusiastic in your participation.
In many ways they do--and that's why Liberty is on life-support.
The commands of the prophet may be performed alike, by fraud, or by force. JQA
That’s the Obama Democrats - putting the “total” into totalitarianism!
i've been in three of them and all they ever did was take my money and keep me from making more money... that said i thought all the BIG unions got wavers from 0bamacare?
Their only concerns are the next election, their children’s college funds, how much money they’re going to make on some future speaking tour and avoiding getting caught in some new investigation. Individually they act like they listen. As a group they don’t give a hoot.
Everyone to the rice fields!
Excuse me Citizen but are you R.Texasvet?
Obamacare #3927439278?
Yes.
Well citizen, I’m sure you’ve heard the bulletins
about the health of Citizen Obama,our great leader,
who suffers from a rare fatal heart condition?
Yes, it’s on all the newscribes.
Well then, I’m sure you will be glad to know that
your government has been searching high and low
to find a replacement heart for him that will not
be rejected.
Oh yes, I’m relieved.
Good, it’s you.
TAKE HIM!
The "rich" will still get access to the best doctors, while the poor will have to wait in line at their local hospital.
Unless Obama plans on busing the "doctors of the rich" into the inner city, and busing the "affirmative action" doctors to the suburbs, nothing will change regarding the quality of care that the rich receive.
-PJ
Apparently not. The UFCW local I was in is putting all PT employees on Exchanges in 2014.
Obama was truthful on this. He said in very beginning that he favored a univeral, single payer system. He also said this Obamacare was only the first step to reach his goal.
In five years, this the only thing on which he spoke the truth.
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