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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: combjelly who wrote (833928)2/2/2015 7:28:45 PM
From: i-node  Respond to of 1579680
 
The following statement:

"Which is why employer provided health insurance is such a lousy idea. Because the population is divided into a huge number of pools, it means there is higher risk. That pushes up the cost of the insurance."

IMO, reflects a fundamental misunderstanding, on your part, of how insurance works.

As an example, I once purchased health insurance for my small CPA practice for me and 5 others. The "risk pool" was NOT comprised of six people. It was still many thousands.

The number of people at a given employer has nothing to do with the number of people in the risk pool, certainly not unless there are thousands of employees at the employer. (In fact, if there are enough employees to create a true risk pool, employers will normally self-insure and just hire an insurance company to administer the program).