Some of those who oppose President Obama’s health insurance reform proposals say the plan is a Trojan Horse designed to convert the privately run health insurance industry into a government-run system. The reference, of course, is to the large, wooden statue of a horse given to the Trojans by the Greeks during the Trojan War. [...]
The high cost of medical care can wipe out even substantial savings, should a serious illness or accident strike you or a family member. I strongly encourage those between jobs or uninsured for any reason to get a free quote for insurance now. Any government-mandated, government-backed plan is still months if not years away.
These four mandates alone will force the health insurance companies to spend billions of dollars in additional benefits with no way to recoup the expenses, upsetting the actuarial apple cart.
Without sound actuarial underpinnings, insurance does not work. Someone must pay the difference between the premiums collected and the benefits paid. That someone, no doubt, will be the taxpayer.