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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.
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