‘Molina’s losses suggest that instead of stabilizing, the exchanges are getting worse. There is no way to fix Obamacare without fixing the pool so that younger, healthier people buy insurance.’
For the most part, there’s no way to induce younger, healthier people into a system working against so many of their interests except by force of law and punishment; force which was barely concealed by particularly daft and short-lived political promises.
Pools of risk must deal with reality, and if you start from the idea of health-care as a right to be promised and guaranteed by a group of people in charge of government (claiming to speak for all People), rather than starting from the idea of health-care as a resource to best be distributed by price signals and market forces; by individuals making hard choices and sacrifices for themselves and their loved ones, then you’re more likely to get worse outcomes.
There’s also probably no way to really get the people who designed this law, the people who have pretty high IQ’s, trained at many of the best schools, to ever really examine the beliefs and principles that likely led to such failures, because that’s not how most people, most of the time, really operate.
More politics, and more people fighting over more politics to come…
Avik Roy At Forbes: ‘Democrats’ New Argument: It’s A Good Thing That Obamacare Doubles Individual Health Insurance Premiums’…Megan McArdle At Bloomberg: ‘Health-Care Costs Are Driven By Technology, Not Presidents’