Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: J_F_Shepard who wrote (650358)	4/4/2012 6:01:30 PM
From: Wayners	Read Replies (1) of 1573333

Do you know what a preexisting condition is? It is when you have no insurance, get an illness or disease and then try to suddenly make others pay for your condition. The way insurance works and the only way it can work is to covered all the time and pay in the premiums. If everybody went the preexisting condition route, nobody would buy "insurance" until AFTER they got sick. So let's say that's the norm. I have no insurance, then I get really sick. Sure, pay in $300 to bet insurance and then turn around and make a claim for $100,000 for the medical care. Let's see, I run an insurance company and I take in $300 but pay out $100,000. How does that add up to a viable business model if everybody does that?

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