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    

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