Health Care Hypocrisy

When we do something, it's good. When you do it, it's evil.

  Health care is too important to be left entirely to the profit-based private sector.
   For all the fuss when government-mandated health insurance was being introduced, very little opposition was heard from the insurance industry.
   No surprise, since the industry was being offered a massive new customer base, with a government subsidy for those who could not afford the market rate.
   In short, the law says you must buy insurance, and if you have a problem, the government will help you pay for it. Thus, government subsidizes private industry.
   Moreover, the Democrat plan put in place by the Obama Administration was modeled almost completely on the Massachusetts program set up by Gov. Mitt Romney, a Republican.
   Yet Republicans derided the Democrat plan proposed at the federal level as an interference with private enterprise and an assault on individual rights.
   Odd that they had no such objections to similar plans set up by Republicans. But then, the GOP was not getting credit for the program.
   Now, however, come reports that several companies are dropping out of the health insurance market in various states because it's no longer profitable for them to do business in those states.
  Could it be that they were unable to raise rates, despite higher income from an increased customer base as well as a government subsidy?
   At the core of any insurance plan is the concept of spreading the risk of loss. That is, the more people who pay into the pool, the lower the risk for the carrier. In theory, the greater the client base, the lower the risk. Therefore. the individual policy cost should be lower.
   Nonetheless, the companies insist that since they have to pay out more in claims, they need higher premiums, despite greater income from a greater number of customers, plus the government subsidy.
   Figure filberts and number nuts, in the guise of accountants and statisticians, trot out reams of data to support their companies' insistence that they deserve more money in premiums because they pay out more in claims
   Whatever happened to the lower risk to larger customer base ratio?