4 ms·

A healthy person is bad for pharmaceutical business and doctors, yet very good for health and life insurances.

• pintxo 9y ago
  Not sure about that. Insurances require a certain level of "damage" probability, else no one would get insurance in the first place. If you could cure any illness with a $5 pill, I'd guess no one would get health insurance. This is somewhat different for life insurances, as you could still be run over by a (self-driving) car and die.
  • Broken_Hippo 9y ago
    " If you could cure any illness with a $5 pill, I'd guess no one would get health insurance." It is highly unlikely we'll ever get there, especially for genetic disorders and things like that. But who knows. Nevertheless, people will still get run over by a car and be injured, along with a multitude of other, very common accidents. Of course there would still be insurance. Besides, a good amount of insurance in the world is government-funded. (non-us countries, medicaid, subsidies for private care). Another portion is at least partially paid by employers. These folks don't need the certain level of "damage probability". Employers get an extra bonus with decreased absenteeism, and they might possibly be able to stop paying for insurance altogether.
  • pantalaimon 9y ago
    You could still get run over by a car, self driving or not, and not die but just break your legs, so you'd still need insurance. Actually you need it more than when you'd die if you don't have any dependents.