Health insurance risk pools👎

Asked about a vision for health care on Meet the Press…

The Ohio senator (Vance) obliged. In describing Trump’s health care plan, he started off by saying “you want to make sure that pre-existing coverage — conditions — are covered.” Then he said people should be sorted into risk pools, instead of a “one-size-fits-all approach that puts a lot of people into the same insurance pools.”

Source: https://www.statnews.com/2024/09/17/democrats-attack-vance-trump-health-insurance-aca/

Mr Vance is clearly demonstrating that he has no clue about health insurance or what he is talking about regarding health care.

And neither does his buddy who is working on great new plan and has been for what, the last five years at least.

You really should be concerned about their thinking and who may be advising them.

What we really need is one risk pool.

9 comments

  1. I agree with you Mr. Quinn. Health Care Pools mean those with actual health problems pay much more for health care IF they can afford it because it’s much more expensive. And if they cannot afford it they have to use the hospital emergency room for health care which ends up costing everyone much much more than if we had one pool.

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    1. Be my guest, it’s just a hobby. I make no money. Fact is I never voted for a Democrat in my 60 years of voting, but now the Rep party has abandoned common sense and apparently taken several million Americans with it. My observation in this post has nothing to do with left wing, it is simply fact whether you want to accept it or not. I spent over 40 years designing and managing health plans, I know how risk pools work and Mr Vance and Trump have no clue what they are talking regarding health care or insurance coverage. The fact you apparently cannot cope with other points of view or facts for that matter, proves my first point.

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      1. I am in my 46th year of corporate benefits and when it comes to risk pools, unless you want to wipe out all health insurance, a la Harris, the only valid risk pool should include all of us, however limited to reinsurance above an attachment point for each person, say $25,000/year – that which cannot be financed by everyday individuals, and that which would be too burdensome where insurance costs negatively impact an organization’s financial capability to remain a “going concern.” One pool yes, but limited to those with catastrophic spend, where providers charges are limited – so taxpayer exposure is modest.

        else, one risk pool is Bernie-care, M4A – kever expanding to buy votes, ever adding to deficits and debt, ultimately catastrophic, itself.

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    2. And here I thought you were too far right. Though I do agree with you that we need to increase taxes, I don’t agree “everybody should pay” more. Tax the rich. That’s where the money is, and the inequality is a problem sui generis.

      In a free market, incomes should tend to level out. With “perfect” competition, the rich should get poorer and the poor should get richer, according to Adam Smith and others.

      In any case, thank you for the blog. I check it every day.

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      1. I agree with you, I see the blog as a bit too right as well, but that is okay, because I enjoy the things he has to share, not to mention that the people I admire most in America now are the Republicans who have had the moral character to call out MAGA for what it really is, antithetical to all our shared American values. The major difference I have with Mr. Quinn is that he doesn’t seem to want to go back to 90s tax rates or have the tax code modified so billionaires at least pay the same percentage as the rest of us. He also still has a tendency to “nut pick”, i.e. picking on the nuts on the left – who are a fringe, like Warren, Sanders, and his favorite Robert Reich – rather than recognizing the centered leadership of Biden, who has tacked to the middle on important issues from fracking to pro-industry policies, etc. The other big difference is that he bewails the political inaction that makes the budget deficits bigger, without looking further into the causes, i.e. gerrymandering, electoral college, closed primaries, lack of proportional representation of the senate, the filibuster, al of which both prevent us from getting moderate candidates who would better represent the will of the people, vice the extremes we get now. There are fundamental reasons why Americans keep electing politicians, so you can’t just blame the politicians in a vacuum. Perverse incentives produce perverse results. All that said, I enjoy the heck out of this blog and am glad he does it, and even more glad he is not cowed from expressing his view point. I admire his courage to stand up for his views just as much as I enjoy his expertise on a range of issues, particularly heath care and insurance.

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    3. And… Now that you’ve mentioned it, perhaps you could do a blog, or at least recommend an article on the economics (and politics) of the blogosphere. I have heard that some blogs, either serious or inane, can earn millions per year.And others can be either very positive or extremely dangerous.I already have pictures of my feet, but nowhere to send them.

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    4. I respectfully would urge you to actually look at some left wing political blogs to get a sense of perspective. I have been reading this blog for years and it is very right-center.

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