Ezra Klein on President Obama's "apology" and why the Private Insurance Market is a Mess...

Ezra Klein had a top rate piece this morning on the "apology" President Obama gave to the American people via a sit-down interview with NBC's Chuck Todd last night. Klein believes the President owed an apology for his now infamous "if you like your coverage, you can keep it" quote that we're all sick of. Klein also makes a sound case as to why Obama was exactly right to reform the individual insurance market.

An excerpt:

"The individual market -- which serves five percent of the population, and which is where the disruptions are happening -- is a horror show. It's a market where healthy people benefit from systematic discrimination against the sick, where young people benefit from systematic discrimination against the old, where men benefit from systematic discrimination against women, and where insurers benefit from systematic discrimination against the uninformed."

The article is very much worth your time...

Go read....

Source:

http://www.washingtonpost.com/blogs/wonkblog/wp/2013/11/08/wonkbook-obama-shouldnt-apologize-for-blowing-up-the-terrible-individual-market/