Friday, August 24, 2007
The End of Private Insurance
Remember my praise of Rudy Giuliani's federally-based health care plan, especially in contrast to John Edwards and Barack Obama's backwords company-centered plan?
Giuliani is not just on the side of the angels, he's on the side of history. At it becomes cheaper and cheaper to sequence a person's genome, we will either face a situation where insurance companies only provide insurance to people they know will be healthy or, atlernatively, only people who believe they will be sick will buy insurance. (In other words, just like now, or worse.)
The solution, however it comes, will have to be risk-pooling at a national level. Giualini's plan starts us down that road. Edwards and Obama, by contrast, offer only a tired repeat of the old industrial state.
10:55 Posted in 2008 Presidential Election, Health Care | Permalink | Comments (4) | Email this | Tags: rudy giuliani, insurance, genetics