In most states, the only people who face real premiums are in the “individual market,” where individuals and families pay for insurance out of their own pockets. Yet the Affordable Care Act (ObamaCare) will outlaw the pricing of individual risk (medical underwriting) by year’s end. Health insurance, therefore, is very different from just about every other form of insurance.
Read the complete article by John C. Goodman, PhD at The Independent Institute.