First is a mandate that health insurers must accept all comers, regardless of how well or how sick they are. Second is that insurers must cover pre-existing conditions. The final mandate in Obama's plan is a mandate that health insurers are not allowed to drop people from their rolls at renewal time.
Okay, so here's a question: with a mandate like these, why would anybody voluntarily sign up for health insurance *before* they got sick?
Friday, February 08, 2008
Health Care Microeconomics
Yesterday I looked at some of the macroeconomic reasons why universal health care requires universal payment. Badtux the Snarky Penguin talks about the microeconomics of the health care death spiral: