article, "Market power".
Individual buyers (policy holders) whether not grouped by community- or experience-ratings (risk) participate in an insurance market as individual price takers. First, Baucus bill Romneycare does not alter the market power of individual buyers; it in fact formalizes inelasticity of demand or zero pricing power viz. insurers. Second, actuarial classification of individual buyers by insurers does not solve or eliminate agency inequities identified as monopolistic practices if individual buyers are prohibited by law from uniting their insurable interests and purchase decisions; it in fact formalizes insurer price discrimination and scheduled rate adjustments, while imposing an annualized debt limit on insureds' cost-sharing obligations for consideration of guaranteed issue and guaranteed renewable policy ownership; and it in fact only empowers medical goods and services producers that are state contractors bargaining license, limit cost plus 175% mark-up. Thank you. Diversity is the key to economic and political evolution.
