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One big problem is that insurance companies are looking to optimize financial outcomes, not health outcomes. Sometimes these coincide but often they do not.
by redler 9y ago
One big problem is that insurance companies are looking to optimize financial outcomes, not health outcomes. Sometimes these coincide but often they do not.
- altstar 9y agoFor health insurers it is exactly the same thing.
- greenyoda 9y agoIf you're currently healthy, your insurance company maximizes its profits if you stay healthy (nothing to pay for except routine checkups, etc., which cost far less than the thousands of dollars in premiums your employer pays for you every year). But if you have cancer, the insurance company might maximize its profits if it refuses to pay for expensive treatments, causing you to die sooner. Over the long run, it would seem to be in the insurer's best interest to keep everyone healthy for as long as possible.