CDR: Re: why should it be trusted?
William H. Geiger III
whgiii at openpgp.net
Thu Oct 19 21:26:48 PDT 2000
In <007301c03a46$3ae3c020$0100a8c0 at nandts>, on 10/19/00
at 09:31 PM, "Neil Johnson" <njohnson at interl.net> said:
>----- 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.
So what?
You do not have a *right* to insurance and you do not have a *right* to
medical care the amount of profit a company is making is irrelevant.
--
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William H. Geiger III http://www.openpgp.net
Geiger Consulting
Data Security & Cryptology Consulting
Programming, Networking, Analysis
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