GOP Congress Flunking ‘Health Insurance 101’ With ‘Ryancare’

GOP Congress flunking ‘Health Insurance 101’ with ‘Ryancare’

The fundamental principle of “insurance” is sharing risk across a “risk pool.” The larger the pool, the more the risk is shared and premiums are lower; the smaller the pool, the greater the risk and premiums are higher. Risk pooling applies to health insurance, whether it is a pool of 10 people or 318 million U.S. citizens: “Health Insurance 101.”The Affordable Care Act (“Obamacare”), significantly increased risk pooling. Nonetheless, the failing of the ACA is that it doesn’t pool all risk; it doesn’t go far enough, not “too far.”House Speaker Paul Ryan’s PowerPoint presentation, promoting “Ryancare,” contains …

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