SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : A US National Health Care System?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Alex MG who wrote (41345)3/9/2017 3:36:41 PM
From: Lane32 Recommendations

Recommended By
i-node
TimF

  Read Replies (1) of 42652
 
This is what insurance means. Those whose houses didn't burn down subsidize those whose houses did burn. You spread the risk.

I think you're playing pot and calling the kettle black. What we have now is not insurance but rather prepaid health care. That they keep calling in insurance is part of the problem. You insure for calamitous things like your house burning down. You don't insure for peeling paint. You insure for a car accident, not an oil change. Insurance is for spreading the risk of unlikely, devastating events, like a heart attack or cancer. Insurers use underwriting to determine rates. Premiums are based on risk. A risk pool is not a collective.

Paul Ryan says insurance can't work if healthy must pay more to subsidize the sick. But this is exactly what happens in every employer plan.

If premiums are based on risk, then the healthy pay little and the sick pay more. With employer coverage, group "insurance," everyone pays the same regardless of risk. That works with employer plans because employed people are healthy enough to work and responsible enough to hold a job. The group is more homogeneous, of similar risk. The main variable is age. Slackers and really sick people don't work so they aren't part of the pool. This notion does not scale up well to an entire population of a country. If you throw unhealthy people into the mix, then the above working people would opt out. Age is an appropriate factor to use in determining risk, hence premiums.

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News