Both costs and coverage matter when choosing insurance

It’s open enrollment time for medical insurance, and for people having to shop in the individual insurance market, the choices are as confusing as ever.

Television ads splashed over the airwaves as the midterm electioneering came to a close didn’t help much. By the end of the campaign it was hard to find any candidate – Democrat or Republican – who didn’t want to cover people with preexisting health conditions.

The devil was in the details, though, and how politicians suggested people should be covered remained mostly a mystery.

In Missouri, for example, Senator-elect Josh Hawley, as the state...