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

[Sampo A Syreeni]

On Thu, 19 Oct 2000, Riad S. Wahby wrote:

>Still not the insurance company's fault.  They're not there to save my
>sorry, genetically defective ass, they're there to make money.

Which speaks right into the socialist cause - we thus need an instance to
take care of the many genetically defective asses out there, without concern
for money.

>Right.  And if they're forced to insure people who are money sinks for
>them, everyone's rates go up, because the total amount of risk the
>insurance company takes (expressed as the amount of money they pay out
>as claims) plus their profit must equal the amount of money they make
>on premiums.

OK. So how about preventative care? It might well be that by insuring
everyone and keeping them in health, the total risk per dollars paid for
coverage actually goes down. Especially if infectious diseases can be kept
in check. Plus, the sum total of money paid by the insurees goes up as they
stay healthier for longer, thus giving more money for the insurance company
to invest into more profitable ventures. This is what governments do now.

Sampo Syreeni <decoy at iki.fi>, aka decoy, student/math/Helsinki university