[ExI] Warren Buffett is worried too and thinks Republicans are "asinine"
Adrian Tymes
atymes at gmail.com
Thu Nov 28 21:47:54 UTC 2013
On Thu, Nov 28, 2013 at 11:57 AM, spike <spike66 at att.net> wrote:
> Adrian I would agree with this line of reasoning but for what I see as an
> enormous flaw in the reasoning: the price differential between the highest
> cost group and the lowest was dictated to be 3. Why 3? Did not the
> architects of this system talk to the insurance people? If they had, they
> would realize the ratio should be more like in the 6 to 8 range. If the
> government wanted to dictate an arbitrary ratio, 3 is way too low. Then to
> design the system to depend on the lowest risk people to overpay was a flaw
> in the design.
>
FINALLY! Someone's actually digging out the facts and building a realistic
case.
Thank you Spike.
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.extropy.org/pipermail/extropy-chat/attachments/20131128/6535886b/attachment.html>
More information about the extropy-chat
mailing list