Belling and Baucus

Belling rants about insurance risk-management practices.

Well, he will LOVE the Baucus health-insurance bill, right?

The combination of guaranteed issue and community rating mean the bill would dramatically lower premiums for those with predictably high health expenditures, and would dramatically increase premiums for the relatively young and healthy. When combined with an individual mandate, the Baucus bill would force younger healthier Americans to pay higher premiums to cross-subsidize older and less healthy Americans. All those 20-something staff assistants will be subsidizing their 50-something bosses.

Oh, yah.

HT: Hennessey