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Except that health insurance is negative expected value. Health insurance companies make tidy profits. And I don't think it's because of negotiating leverage -
by argonaut 10y ago
Except that health insurance is negative expected value. Health insurance companies make tidy profits. And I don't think it's because of negotiating leverage - free consumer choice would do wonders in depressing healthcare prices.
- theli0nheart 10y agoTechnically, all insurance should have a slight negative EV. What you get in exchange is lower perceived risk.