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re: Why does “Medicare for all” require the illegality of offering plans that cover same stuff

Posted on 6/11/19 at 1:30 pm to
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
423480 posts
Posted on 6/11/19 at 1:30 pm to
quote:

A plan of such a gigantic scope will only work if the risk pool is diverse enough. Basically you have to have enough healthy, low cost people paying in to offset the cost of those who require significant medical expenses. Allowing a private option would possibly lead to healthier people seeking alternatives based on price or coverage, thus throwing a financial wrench in the whole system

this makes NO sense
Posted by roadGator
Member since Feb 2009
140733 posts
Posted on 6/11/19 at 1:34 pm to
It's the rule of large numbers and is related to risk.

It does make sense when underwritting a large group.

Now i will say that is impossible to accurately underwrite medicare for all.
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