CDR: Re: why should it be trusted?

[Me]

From: "Nathan Saper" <natedog at well.com>
> > So these people are entitled to something for nothing?
> > (or in this case, $1500 of treatment for $1000 of premiums)?
> That's the whole idea of insurance, isn't it?

The point of insurance is to pool resources and spread risk; it
isn't a ponzi scheme.

If we pool $500 each, I have a 25% chance of submitting a $1000
claim and you 100%, I'm buying a television instead.