CDR: Re: Re: why should it be trusted?
Yardena Arar + Christian Goetze
kitties at best.com
Wed Oct 18 18:54:25 PDT 2000
I almost never participate in this group, but here it's hard to resist.
On Wed, 18 Oct 2000, Tim May wrote:
> At 6:01 PM -0700 10/18/00, Nathan Saper wrote:
> >
> > > And what is wrong with this? Nothing that I can see.
> >>
> >> Alice the Insurer is free to set her rates as she wishes, and even to
> >> require tests. Bob the Prospective Insured is free to shop elsewhere.
> >>
> >
> >Where elsewhere? What alternative does Bob have? If it is cheaper
> >for companies to not insure him, they won't. And then we have a
> >public health crises.
>
> "What if nobody will sell Bob the food he wants for the price he is
> willing or able to pay? Then he'll starve to death!!!!!"
>
> Bob is seeking to pay less money in insurance premiums that he
> expects to receive in benefits. Insurers are seeking to get Bob to
> pay more in premiums than they pay out in benefits. Insurance is
> gambling. Get it through your thick skull.
It's no longer gambling if the insurances get to see through the back of
the cards. I think this is what the objection is about.
--
cg
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