On Sun, Aug 16, 2009 at 12:28 PM, Patrick Sweeney<firefly.ga...@gmail.com> wrote: > When you reach a point where the suggested solution to ridiculously > overpriced health insurance is to take out an insurance policy on your > insurance ... perhaps it's a sign that you ought to consider some > other system.
Actually, charging a high price for health insurance for someone who is almost certain to incur high costs is not ridiculous at all, but rather perfectly rational. That is exactly how insurance should work. For example, consider auto insurance. Drivers who are at higher risk of accidents pay higher premiums. With health insurance, if premiums are not higher for people who are likely to have high expenses, then there is a strong incentive for healthy people to carry no health insurance until they get an expensive condition, and then purchase health insurance. The idea of purchasing insurance against an unexpected expensive event is also perfectly rational. Health status insurance is as reasonable as life insurance. _______________________________________________ http://mccmedia.com/mailman/listinfo/brin-l_mccmedia.com
