Detailed text transcripts for TV channel - MSNBC - 20120329:16:36:00
Sicker are more likely to use health care services, more likely to buy coverage and they are going to have a risk pool of people that are pretty expens e expensive. so i think the whole thing makes them extremely nervous and rightfully so. let me add one thing. it's not like this is all economic theory or just the ideas of policymakers. we tried plenty of exchanges and insurance marketplaces that are voluntary, that allow small businesses or individuals to come in without a mandate. they all collapse. they are very unstable, precisely because of this adverse selection, and the only exchange th...
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