20 Oct
2000
20 Oct
'00
4:59 p.m.
From: "Nathan Saper" <natedog@well.com>
So these people are entitled to something for nothing? (or in this case, $1500 of treatment for $1000 of premiums)? That's the whole idea of insurance, isn't it?
The point of insurance is to pool resources and spread risk; it isn't a ponzi scheme. If we pool $500 each, I have a 25% chance of submitting a $1000 claim and you 100%, I'm buying a television instead.