What this decree of the Affordable Care Act will do, and is designed to do, is completely distort the entire insuranceindustry by rendering painstaking risk calculations irrelevant.
"If all we do as an insuranceindustry is focus on the affluent, then I think we can lose sight of the original tenets of life insurance, " said Mark Hug, a Prudential executive.
This is not to say that the uninsured are the only issue with healthcare, but their non-participation in the health insuranceindustry affects those who do buy insurance in a more complex manner than in other industries.
Another foundation stone is fixing a health insurance system that works better for insuranceindustry than it does for the American people. (Applause.) I do not quit.