Tuesday, March 24, 2009

Two wolves and a sheep vote on dinner, again

Having absorbed billions of dollars in losses in cozy bailout deals between big business and the federal government, taxpayers can't be surprised they now face getting squeezed in a handshake between the insurance industry and socialized medicine advocates in the Obama Administration.

Here it comes:

First, charging higher premiums for more expensive customers is about as controversial as a doctor charging more for removing a brain tumor than he does for removing a mole. Second, charging all policyholders the same premium means healthy insureds will subsidize the unhealthy. Offering that in exchange for a requirement that everyone purchase health insurance (and that taxpayers must subsidize many of them) ensures that the only losers in the transaction are those who were left out of the negotiations.

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