Trenton McCarthy, chapter 5, question 6

In chapter 5, wheelan revealed how insurance companies charge their policyholders. First, they average out the cost of its policyholders and then set a premium that allows them to still make profit. However, as some are extremely appreciative (those who are sick or are more likely to get sick), other are not (the healthiest). Therefore, the healthiest are more likely to opt out an the sick are more likely to opt in causing an increase in the premium price. This is just a continuous cycle until the insurance company is bankrupt. Fortunately, in today's society, this is not how it actually works. People are now insured through their employers. But even so, our health care is still a joke. It seems as though America is stagnant or even getting worse when it comes to health insurance. Obama's attempt to fix it with ObamaCare had detrimental affects and had a lot of similar traits with Clinton's Hope Scholarships which demonstrated an effect exactly the the example above except with banks and loans. When can we expect a positive change to our health insurance, because at this point, it seems like we have dug ourselves into a pretty deep hole.