Monday, October 12, 2009

Redistributing Health

From the New York Post.

"All the leading proposals involve massive redistribution from people with healthy lifestyles to those who take more risks. As the Congressional Budget Office explained, "Premiums in the new insurance exchanges would tend to be higher than the average premiums in the current-law individual market . . . because the new policies would have to cover pre-existing medical conditions and could not deny coverage to people with high expected costs for health care."

...

"There would also be redistribution from people with employer-paid insurance (particularly in risky jobs with high premiums) to those who would be induced to shun such benefits in order to qualify for taxpayer subsidies.

By far the largest redistribution, however, is from those on Medicare to those who'd become newly eligible for Medicaid or federal subsidies."

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