Podcast: Play in new window | Download
“The problem with socialism is that you eventually run out of other people's money.”
Not much that needs to be added to that quote. We are seeing what happens when the government devises plans that use flawed logic and a lack of mathematical fact.
Is it really a big surprise that the health care exchanges organized under the CO-OP program are failing? I'm pretty sure that every insurance expert or semi-expert in the known universe said it wouldn't work.
Turns out that you can't put a bunch of sick people together in a plan and have it remain solvent. There have to be healthy people in there too (paying premiums) to balance the risk. This is insurance 101.
Keep Reading187 What Should We Do When We Run Out of Other People's Money?