Friday, July 25, 2008

Massachusetts in the (Mail) Bag

Regular reader and frequent commenter Scuzz alerts us to the latest from the Bay State:
"(S)pread the pain?" And here I always thought that insurance was about spreading the risk. Silly me.
A fundamental precept here at IB is that health insurance costs increase primarily because health care costs do. Looks like Governor Patrick isn't a regular reader.
I'll give Scuzz the last word:
"Hmmm. Co-pays and premiums still rising due to health care costs. Just like in the private sector. Except the private sector can't just raise taxes whenever they want to make up for the gap. "Everybody is contributing to the cost". Stunning new concept, isn't it? Seems I've heard that somewhere before. That's the concept of the private sector now."
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