[ExI] Warren Buffett is worried too and thinks Republicans are "asinine"

[Adrian Tymes]

On Thu, Nov 28, 2013 at 9:54 AM, Rafal Smigrodzki <
rafal.smigrodzki at gmail.com> wrote:

> ### EMTALA says (you know about EMTALA, don't you?) a hospital can't
> turn away a person with a medical emergency, no matter whether they
> are insured or not. Why should a 26 year old be stupid enough to pay
> 15k per year for coverage they won't use (chronic disease and
> pre-death care of the elderly), if they know they can get emergency
> care for free anyway?
>

Because they suffer from other non-emergency conditions that the elderly
don't, and the elderly are helping to pay for those conditions too.

In general, the more people who pay for a pool of medical insurance, the
cheaper it is for everyone in the pool - even when the pool covers
conditions exclusive to small fractions of the pool.  It's an economy of
scale effect, with substantial per-person dividends when the pool covers
millions of people - as in the difference between affordable and
unaffordable for many, perhaps most, people in the US.
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