Lanhee Chen, who teaches public policy at Stanford and was the policy director of Mitt Romney's 2012 presidential campaign, makes the argument that Obamacare will distort the healthcare insurance market by requiring insurers to cover people with pre-existing conditions (and who tend to cost more as insureds). This, he says, will cause premiums to rise, especially for wealthy policyholders. But his solution – a high-risk pool for high-risk insured, paid for with capped premiums, assessments on insurers and tax money – is simply robbing Peter to pay Paul. Or is it?