Health Insurance v Health Care

Friday 11 October 2013 - Filed under Uncategorized

No. They are not the same thing. Cathy Reisenwitz at Forbes on why Millenials are being fucked by the big fat dick known as Obamacare:

Another math lesson seems to be needed here: Insurance is only a good deal when it actually works like insurance. Using insurance to pay for routine care and predictable healthcare needs makes it no longer insurance, but cost pooling.

Using insurance to pay for routine healthcare services distorts price signals and increases costs through layers of administration. ObamaCare’s requirements that insurance pay for even more routine care than before codifies the fundamental flaw in the “insurance” (actually cost-pooling) “market” that we have today.

The only solution to achieving access to affordable catastrophic coverage for young people and affordable healthcare services for older people is an actual market in health insurance and in healthcare services. Young people need access to actual insurance, something that ObamaCare actually outlaws. And older people need an undistorted price system in healthcare.

Bingo. Obamacare does the opposite. It further distorts health care costs by placing intermediaries amidst the transaction, and outlaws true insurance. In short, Obamacare is a clusterfuck.

2013-10-11  »  madlibertarianguy