Iowa’s Senate approved a proposal to allow Wellmark and the Iowa Farm Bureau to sell health benefit plans (let’s not call them insurance) on an underwritten and limited benefit basis. The goal is to give healthy people who make too much for strong subsidies cheaper options.
I want to look at the political economy of the play. And for that, we need to look at the single most important chart in US health finance policy. This is the 2015 version from AHRQ:
Think hard about this distribution: