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POLICY: Adverse Selection, a young liberal’s learning experience

Sometimes I despair about the young liberals over at Ezra’s blog. Health care is so screwed up and they’re just discovering it. On the other hand they are discovering it and somehow figuring it out. Neil (the ethical werewolf) has written about Adverse Selection: A Big Problem with Private Insurane. Read the comments, ann you’ll notice a familiar name or two come up referring to the Wharton school of ecnonmic fantasy.

Still, good to find out that they are learning–I just wish they’d all been forced to read Enthoven, Fuchs, Evans et al so they don’t have to have it all explained again and again.

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LinkmeisterMatthew HoltRon GreinerNeil the Ethical Werewolf Recent comment authors
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Ron Greiner
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Ron Greiner

Linkmeister,
Neil’s uninformed Liberal agenda attacking the free and open markets is tiresome to some of us too. You must really be tired by the President because he mentions HSAs in every speech. Lucky for you the Liberal media censors his comments so you won’t be so tired.

Linkmeister
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Mr. Greiner, I didn’t intend to make an argument about your points. I merely wanted to point out that yet again you sidetracked Matthew’s discussion by flacking your products. It gets tiresome to some of us.

Ron Greiner
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Ron Greiner

Neil, If you think $48 a month is too much to pay for HSA qualifying health insurance may I suggest you move from Austin to Lansing, Michigan. In Lansing your premium would drop to $32.20 per month plus you would have a 24 month rate guarantee. Remember, with 25% combined Federal and State income tax, you would save $55 a month in taxes with a $2,650 deposit into your own savings account. Neil, wake up. I will try and explain this in a way that even you can understand. Let’s say you paid $32 for a pizza and the pizza… Read more »

Ron Greiner
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Ron Greiner

Neil said individual insurance costs so much then posts links where he can get coverage for $48 to $100 a month. The average cost for group health employee insurance is over $4,000 a year for single coverage. Of course Medicaid for the poor costs even more. Government insurance is the insurance that costs so much. Notice how Neil won’t even try to defend his thoughtless post. No Liberals can defend what they say about health insurance. You all ramble on how the free markets are too expensive yet the free market produces Neil’s $48 a month premium. Name a government… Read more »

Neil the Ethical Werewolf
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Don’t worry, Linkmeister — Matthew sent me an email.

Linkmeister
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So now Mr. Greiner has sidetracked yet another thread with his own sales pitch. I hope Neil comes back for an answer to his question about readings.

Ron Greiner
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Ron Greiner

Matthew, You live in the United States not Canada, sorry. In the US it is still legal for Neil to purchase HSA insurance for $48 a month even though you say the national average per person health claims are “about $5000.” As a matter of fact Matthew, you yourself purchased HSA health insurance for much less than $5,000 per year. You have went with HSA insurance because it’s the smartest move from the consumers’ Point of View (POV). But then you suggest that nobody else should when they are considering their options. I never said that individual insurance won’t decline… Read more »

Matthew Holt
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Ron. You seems to have forgotten the argument you lost in these comments a few months back, when it was shown that companies just like yours (and like the Blues — who as I’ve told you have not been my clients in over 5 years, and who I’ve criticized many times on THCB) basically rejected anyone they thought might be expensive. Now you’re telling me that your company doesnt even when your own ads say “medical underwriting” required. Meanwhile, according to you we can all pay for the average health expenditure per capita in the US (about $5000) by buying… Read more »

Ron Greiner
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Ron Greiner

I feel sorry for you Matthew. These young liberals are really lost. Neil starts his uninformed article with “one reason it costs so much to purchase insurance as an individual.” Your posted article from the New England Journal of Medicine reported that individual insurance is less expensive than employer-based coverage in both large and small firms. The average cost for employer-based coverage is over $4,000 a year for single coverage. Neil links to ehealthinsurance and shows that he can get coverage for less than $1,000 a year in the free and open markets, he’s silly. ehealthinsurance has not stopped their… Read more »

Neil the Ethical Werewolf
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I’m just a philosophy grad student who never took an economics class, so a lot of stuff is new to me. In the future when I can teach my own intro political philosophy classes, I plan to do a two-week segment at the end on designing public policy. (I’ll make room for it by not doing any Plato.) Adverse selection is one of the paradigm cases of something that I’d like to acquaint the the undergraduate population of a university with. It’s something that can be pretty quickly explained to a non-mathy audience, that bright kids won’t forget once they… Read more »