CDR: Re: Re: why should it be trusted?

Neil Johnson njohnson at interl.net
Thu Oct 19 20:31:22 PDT 2000


----- Original Message -----
From: "Marshall Clow" <mclow at owl.csusm.edu>
To: "Nathan Saper" <natedog at well.com>
Cc: "Cypherpunks" <cypherpunks at cyberpass.net>
Sent: Thursday, October 19, 2000 12:23 AM
Subject: CDR: Re: why should it be trusted?


>
> So these people are entitled to something for nothing?
> (or in this case, $1500 of treatment for $1000 of premiums)?
>
> Why?

It's not a zero-sum game for the insurance companies. Most insurance
companies make  quite a bit of money investing premiums.

In addition, they spread the risk. They are betting that more people will
stay well than get sick.

And I'm not talking about people "engaging in risky behavior". I'm talking
about someone who has a genetic predisposition for a disease THAT THEY HAVE
NO ABILITY TO MITIGATE.

I have no problem charging someone who smokes, takes drugs, or over eats.
THEY HAVE A CHOICE.

I am also not saying that Mr. Insurance CEO can only make $XXX in profit.
I'm sure they can make a profit.

In fact they are making profits right now WITHOUT using genetic testing.

Neil M. Johnson
njohnson at interl.net
http://www.interl.net/~njohnson
PGP Key Finger Print: 93C0 793F B66E A0C7  CEEA 3E92 6B99 2DCC






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