A Bite of the Poison Apple
Private talks between health insurers and brokers warning of steep premium increases in 2014 were front-page news today in the Wall Street Journal, with costs for some self-purchasing consumers expected to more than double. The article juxtaposes this development with a 2009 projection by the Congressional Budget Office stating premiums would actually decline when coverage broadened.
Let’s get real. A 2009 financial projection—especially from what could be seen as a branch of the White House—should be considered little more than a fantasy. Earlier this week, I heard one of the authors of a book on the financial