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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Alighieri who wrote (737952)	9/8/2013 5:39:56 PM
From: i-node	Respond to of 1579127

>> With this move, he added, risks are spread across a much larger group in the private marketplace. >> Obamacare conceptually at work. This is silly. As you're surely aware, where the quantity of risk is the y-axis and the number in the risk pool are the x-axis, y is asymptotic to the x-axis. The vast majority of risk is diversified away with a small number of participants, and by the time you get to several thousand, the savings from an additional participant become nominal. That's why you have insurance plans with 10,000 or 50,000 participants. If you have a million participants, there is no meaningful net diversification of risk from adding another participant or a hundred or a thousand. It just doesn't matter at that point; there may [or may not] be benefits arising from reduced unit admin costs, but even that would be minimal. This argument just doesn't hold water arithmetically. I think the error in this argument is likely intuitive to you.