I think we’re getting close to the point where we need to abandon the facade that what the government is doing is about “insurance”.

The entire concept of insurance is based on the accurate pricing of risk. If regulations, like the ACA does through the 3:1 rule (or as the AHCA does, with a 5:1 rule — — be advised the free market ratio should be more like 10:1) prevent the accurate pricing of risk, then what you have is no longer insurance — — its more of a prepaid medical savings account.

Perhaps the approach should be a two-headed monster: use tax incentives to force the health care industry to work closer to the Cleveland Clinic model, which is known to control costs well (the ACA does some of this), then create an MSA program using a payroll tax, with adjustments at the margins that cover the chronically ill.

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Data Driven Econophile. Muslim, USA born. Been “woke” 2x: 1st, when I realized the world isn’t fair; 2nd, when I realized the “woke” people are full of shit.

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