26 October 2009

BOHIC!

"Mainly, the young will pay. They tend to use less care. Obamacare depends on this: Young workers' premiums are needed to fill the pool as aging workers drain it. That's how insurance works, they say. They mistake insurance, which pools similar risks, with the pooling of known dissimilar costs, which is called a raw deal."

Obamacare. Is this REALLY what you want?

1 comment:

OlePrairiedog said...

I think the term is BOHICA but I'm not sure it's happened before so maybe BOHIC is correct. It doesn't matter really, because it is wrong and they know it. Eventually, we'll get them for gamblimg.