One of the troubling things about Senator McCain's proposals to reform the way healthcare is delivered and financed in this country is his promotion of individual health insurance policies. To be blunt, the idea that competition in the insurance market will be effective in providing access to cheaper health insurance for anyone other than healthy young people is just plain foolishness. Any honest person who understands how insurance risk pooling, cost spreading and underwriting works will tell you that.
If you run across someone who tells you the solution to our problems of coverage for healthcare is to expand the availablity of individual health insurance policies, they are not to be taken seriously. Without fundamental insurance industry reforms, this approach is a non-starter. The first two days of the L.A. Times series help understand why.
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