Thursday, February 25, 2010

Insurance pools?

The great Obamacare debate is on TV as I type. Obama is claiming that creation of "insurance pools" would offer health insurance for a lower rate than at current. Sounds too good to be true. The cost to insure a family is the same whether they are in a "pool" or on the beach.
A "pool" isn't the same as health insurance offered by employers. Companies get a better rate than individuals, mostly because workers are in good health. When their health fails they stop working. A "pool" composed of anyone who walks in off the street ain't gonna get the discount the big boys like Caterpillar and Microsoft get.

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