Tuesday, February 09, 2010

Self-Selection In California Health


Rates are going up. Who knew?

Anthem, for its part, said higher medical costs as well as a smaller pool of members to absorb the risk made raising rates necessary.

“Unfortunately, in the weak economy many people who do not have health conditions are forgoing buying insurance,” the company wrote in a statement Monday responding to Sebelius’ letter. “This leaves fewer people, often with significantly greater medical needs, in the insured pool. We regret the impact this has on our members.”

Assuming that ObamaCare cannot force Americans to purchase health insurance (and it probably can't), what would be different about HIS plan?

Only this: taxpayers will pick up the difference. YOUNG, healthy taxpayers.

HT: Malkin

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