Anthem Blue Cross And The Selling Of The Health Bill Regulations
Despite my counsel to the Villagers that there is no political return in selling the regulations contained in the Senate health bill, Jon Cohn tries here, using the Anthem Blue Cross 39% rate health insurance rate hike story. Cohn writes:
[T]he best way to avoid adverse selection, as I've argued many times, is to create one giant insurance pool--in which everybody, healthy and sick, gets coverage at the same rates. And, roughly speaking, that's what the Democratic health care bills would do, by creating insurance exchanges through which all individuals in a given state would buy coverage.
This paragraph does not even make internal sense. In what way is the creation of 50 state based exchanges "creat[ing] one giant insurance pool[?]" (Unlike the Senate bill, the House bill creates a national exchange.) But even that is deceptive. The exchanges will involve only a small part of the national health insurance pool. Most are covered through employer based plans. Cohn's argument is filled with holes. More . . .
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