Multiple Pools

Multiple Health Insurance Risk Pools Fail to Control Costs

The greater the number of risk pools, the greater the inefficiency of the health care system. Hence, one risk pool — a single payer system — is ideal for keeping health care costs under control. An “individual mandate” without complete restructuring of the health insurance market results in the greatest number of risk pools and hence is the most inefficient way to allocate medical resources.

Why? The US has the greatest number of risk pools and neglects to cover 48 million people. All the other countries have a single (or very few) risk pool and cover their entire populations for half the expense with little difference in health care quality. Obviously, the US system is the least efficient.