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Message
re: CBO: Obamacare will have lower premiums, insure more, and cost government less
Posted on 4/16/14 at 3:26 pm to Flame Salamander
Posted on 4/16/14 at 3:26 pm to Flame Salamander
quote:
My statement was that the costs (premiums) in the future will go down for the ACA pools
a premium is a price, not a cost. that is a certainly not crippling for your argument, but since you've been lecturing about "college Econ", "the laws of supply and demand", and "the simple physics of economics", you need to get that shite right.
quote:
this is because the first people into the pools are the most unhealthy and as more healthy people get in the cost (premiums) will go down.
this is not ever necessarily true, and you (we) have no idea whether it is or will be the case in any or all of the exchanges.
and it is also definitely NOT what you said earlier- your argument was one of economy of scale, which only takes into account size of the pool, not the distribution of risk therein. you cannot assume that the increase in size of the pool will be driven by the healthy more than by the unhealthy.
and here's another thing about those newly-covered healthy people you might have picked up on in your econ classes: being covered will actually provide some incentive for them to relax on their healthy-ness. and it will do so for the newly-covered unhealthy as well.
regardless of that, what happens to the medicaid pools? what happens to the employer-provided pools with the employer mandate now in effect? what happens to utilization rates in all of them? how do the new definitions of "essential benefits" affect all of that?
how can you say that it is clear from the laws of supply and demand that premiums will decrease?
quote:
There are a lot of single payer type systems in industrialized countries around the rest of the world that would belie the conclusions you have reached. Survey after survey has shown that the overall yearly costs of those programs are much less than what is spent here, now, in the US
you have been commenting on the obamacare exchanges, which are not anything like single-payer systems. of what relevance is any part of this comment?
This post was edited on 4/16/14 at 3:30 pm
Posted on 4/16/14 at 4:35 pm to 90proofprofessional
how can you say that it is clear from the laws of supply and demand that premiums will decrease?
There are a lot of single payer type systems in industrialized countries around the rest of the world that would belie the conclusions you have reached. Survey after survey has shown that the overall yearly costs of those programs are much less than what is spent here, now, in the US
you have been commenting on the obamacare exchanges, which are not anything like single-payer systems. of what relevance is any part of this comment?
Are you telling me that you can't understand how, as the pool increases with healthy people the premiums will decrease? I can't help you if you can't understand that.
The same economic principles operate whether you are considering HMO pools, ACA pools or single payer pools...it seems to me that you are intenionally being obtuse...I'm not going to argue semantics with a flat earther.
There are a lot of single payer type systems in industrialized countries around the rest of the world that would belie the conclusions you have reached. Survey after survey has shown that the overall yearly costs of those programs are much less than what is spent here, now, in the US
you have been commenting on the obamacare exchanges, which are not anything like single-payer systems. of what relevance is any part of this comment?
Are you telling me that you can't understand how, as the pool increases with healthy people the premiums will decrease? I can't help you if you can't understand that.
The same economic principles operate whether you are considering HMO pools, ACA pools or single payer pools...it seems to me that you are intenionally being obtuse...I'm not going to argue semantics with a flat earther.
This post was edited on 4/16/14 at 4:36 pm
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