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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (70288)	4/26/2014 10:44:20 PM
From: i-node	Read Replies (1) \| Respond to of 71588

>> And, (while you are at it), why you supposedly can't have 'insurance' without 'risk management'..... That's what insurance is. A transfer of risk from one entity to another in exchange for money. In the case of Medicaid there is no transfer of risk at all; to the extent there is risk, it is on the taxpayers, period end of story. So, the most basic element of insurance, a transfer of risk, is not present in welfare programs. These are payment systems. Not insurance. In health insurance the insured transfers risk over a predetermined amount to the health insurance provider in exchange for a particular payment in money. That doesn't happen with Medicaid. The insured doesn't pay ANYTHING for Medicaid. The taxpayer does. It is just a totally different thing, even though people routinely speak of it as though it is the same thing.