Private sector gets government gang banged once again.
Somehow this must be George Bush’s fault.
It’s US against Obama. Who is going to win.
“Private Exchanges”??
Is that the new term for the government ObamaCare exchange?
This is a really interesting approach. Walgreens’ employees are relatively young and healthy. The fact that they’re able to work means that as a group they’ll have few pre-existing conditions, and they’ll also be infrequent users of the mandatory mental health coverage. Essentially, as a group they’ll be much cheaper to ensure even with all the federal requirements because they’ll have very few of the really expensive claims the patients in the fed exchange will have.
So, the feds are trying to subsidize the high cost patients they’ll be insuring by soaking the young and healthy ones, and the young and healthy ones are moving out of the scheme. The net effect will be to make the OCare exchange policies more expensive.
It’s a classic example of why managed economies ultimately end up creating unfree societies. In order to make them work you have to deny their members the freedom to go elsewhere. If this type of plan becomes a growing phenomenon, look for the feds to pass a law making it illegal for the lambs to move away from the wolf.