Health Wonk Review: Stormy Weather
February 03, 2011
Source: Health Wonk Review
John Goodman's Health Policy Blog - In his post The Case For Health Insurance, John states that everyone should have access to health insurance, and notes that real insurance involves a pooling of risks. "The insurer must make sure each new entrant to the pool pays a premium that reflects the expected costs that entrant brings to the pool. Otherwise, the insurer won't be able to pay claims. The business of insurance is the business of pricing and managing risk."