Tuesday, October 5, 2010

RealClearPolitics - Congress Can't Repeal Economics


Stossel is excellent at explaining free market principles, and nails this one. Insurers are, essentially, bookies, and people with pre-existing conditions are sucker bets. No insurer is going to bet that a person who is presently sick will not cost more to insure than a person who is presently well. And rather than take that bet, they will leave the market; Stossel illustrates that insurers are already doing so.

No comments: