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This! If insurance companies aren't allowed to know anything about customers AND they have to insure people with pre-existing conditions, then we're not paying

by ksdale 10y ago

This! If insurance companies aren't allowed to know anything about customers AND they have to insure people with pre-existing conditions, then we're not paying for insurance, we're just paying for our healthcare out of pocket before we get sick (or other people's healthcare in the case of young healthy people with high premiums). It very well may be what's best for society, but it's definitely not insurance.

wutbrodo 10y ago
> it's definitely not insurance. Do you ....know what insurance is? Optimization based on feature of the population is not part of the definition. If a million people all paid into a pool that would cover any one of them if they got sick, and they all paid the premium, that would still be insurance.