Quote:
Originally Posted by Jim Richards
Group insurance, by its very nature, is a socializing of risk across a collection of policyholders. I'm not sure if it's better to expand the pool of policyholders (and payers of premiums) by mandate, or to maintain the status quo. What incentive is there to reduce one's health risks, or to limit the frivolous use of medical services? What are the costs we, the insured, pick up in increased taxes or policy costs for the uninsured? I really don't know what's the best approach, but I do worry about a government program that even further bankrupts our nation.  |
The larger the pool, the more disconnected people feel from the real costs.
Also, I can choose to enter or leave my insurers pool, and to start or stop paying premiums. I would not have that choice with a government-run program.