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Indeed. One of the smartest things in the bill -- and yet one which has received little to no fanfare -- is the mandate for insurance exchanges. In case you ha
by ubernostrum 17y ago
Indeed. One of the smartest things in the bill -- and yet one which has received little to no fanfare -- is the mandate for insurance exchanges.
In case you haven't followed that, the idea is basically to match up people who are looking for private insurance with companies offering policies, but to build in the ability to lump the customers together into ad-hoc risk pools. For the insurer this is the same as taking on, say, a medium-sized company with X employees, which means the terms offered can be far better than traditional individual policies.
- vishaldpatel 17y agoI wonder if this can then be bundled up into a security :P (pretty evil, I know..)
- jcnnghm 17y agoSo won't that result in somebody that's healthy, like me, having to pay more so somebody that doesn't take care of themselves can afford health care.
- ubernostrum 17y agoA larger risk pool tends to drive premiums down, not up. Of course, this presumes that private insurers determine premiums in a rational manner, which may not be the case (and if it is not the case, then you're going to pay more no matter what).