Obamacare’s Risk Corridor “Bailout” Just Got Bigger – Much Bigger

Bureaucrat discovers a new way to convert more public funds into private profits. I am shocked, simply shocked.

Why is the state involved at all? All it does is muddy up the price system and make an efficient market in health care absolutely impossible.

But isn't that the point? Inefficient markets create opportunities for arbitrage, wherein people with an information advantage can profit as the expense of everyone else.