Great article from Milliman explaining why something has to be done to address adverse selection in health reform. If it is not the individual mandate, what will it be?
As Tom Snook, Principal & Consulting Actuary, Milliman Inc., says, people will operate in their own economic self-interest. If they are healthy and the cost of health insurance is high, they will not purchase health insurance, especially if it is not highly subsidized by their employer. If they are sick, they are more...
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