Do you see anything wrong with the following?
What’s wrong is two things in my view. First, the focus is on premiums and not health care costs. Second, all this does is shift the cost from the insured pool to taxpayers. What has been accomplished? Helping to limit premium increases is focusing on half the equation while hiding the real problem and cost in yet another government scheme. We are splashing around, but going nowhere.
Idaho, Oklahoma and Minnesota have passed bills that aim to blunt insurers’ costs for covering people who buy individual insurance and have health conditions that require expensive treatments. The measures would allow insurers to unload at least some of the expense of these enrollees’ claims onto state programs, typically using a version of reinsurance.
Last year, Alaska created its own reinsurance setup, an effort that state officials there say has helped to limit rate increases and keep its individual insurance market functioning.
WSJ.com 4-24-17 States Seek to Shore Up Health Insurance Markets