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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