6 ms·

>Everyone is at potential risk for needing something like a transplant eventually. Not everyone is at equal risk, and many choices people make can have an impa

>Everyone is at potential risk for needing something like a transplant eventually. Not everyone is at equal risk, and many choices people make can have an impact on that risk. That's the point of this thread. >Making the pool large enough allows reasonable premiums, just as I can pay a couple hundred bucks a year to replace my entire house if it burns down. What is 'large enough'? The populations of many entire European countries are dwarfed by the number of subscribers to several health insurance companies in the US. Of course we don't know how large health insurance companies would get in a market without heavy government interference, but do you have some reason to believe the size of pools in a market with less interference would result in unreasonable premiums? >The rest of the developed world defines the risk pool as "everyone", and the end result is healthcare costs half of ours (including the tax component) and similar outcomes. And our health care system requires subscribers to insurance companies to pay those insurance companies to A) provide charity to people who wouldn't be able to afford to buy insurance in real market and B) pay for routine care (i.e. care where there is no risk to insure against - you know you're going to need it). And of course the health insurance company is going to collect its cut of the money that the government has forced subscribers to funnel through those companies. Is it really any surprise that system gets expensive? >You need government, not a charity. You need charity, whether it's administered by a public organization or a private organization or funded by private individuals or taxpayers.

ceejayoz 8y ago
> do you have some reason to believe the size of pools in a market with less interference would result in unreasonable premiums? Demonstrably so. Just look at pre-Obamacare "high risk pools" for concrete examples. https://www.kff.org/health-reform/issue-brief/high-risk-pools-for-uninsurable-individuals/ https://www.kff.org/health-reform/issue-brief/high-risk-pool... You'll also see it in other insurance markets, like life, house, car, malpractice, etc. - many people are largely uninsurable in these markets. > What is 'large enough'? The populations of many entire European countries are dwarfed by the number of subscribers to several health insurance companies in the US. It's not so much raw population as how much you're allowed to slice it up. A decent sized city is big enough - many corporations of a few thousand people self-insure as it's cheaper. The problem is when you allow insurance to pick their customers. They just pick the healthy ones, if allowed. > And our health care system requires subscribers to insurance companies to pay those insurance companies to A) provide charity to people who wouldn't be able to afford to buy insurance in real market... You are using some very weird definitions of "charity". Obamacare's subsidized premiums aren't shouldered by the insurance companies, they're provided by the government. Those insurance companies are making bank, not providing charity. Single-payer or income-based subsidized healthcare isn't "charity". Insurance paying out more than premiums taken in for a particular subscriber isn't "charity", it's how insurance works. > Is it really any surprise that system gets expensive? Oh, not at all, but that's because we've picked the least cost-effective bits of both private and public healthcare systems to combine into a monstrosity.
- sDlEzAtyoNAz 8y ago
  >Demonstrably so. Just look at pre-Obamacare "high risk pools" for concrete examples. I'm obviously not talking about individuals who are so expensive to profitably insure that they can't afford the premiums. I've already stated that the market isn't going to work for them. It's not the size of the pool that's causing problems here; the contents of the pool are the problem. >They just pick the healthy ones, if allowed. They also pick the less healthy ones that are able to afford to pay the higher premiums it takes to make it worth it for the insurance company to cover them, assuming the insurance company is allowed to charge such premiums. There is plenty of money to be made there. Where there isn't any money to be made is in people who know they have high expenses and can't afford to pay them. >You are using some very weird definitions of "charity". Are you taking issue with my characterization of government welfare as charity? Why should it be excluded from such a broad category? >Obamacare's subsidized premiums aren't shouldered by the insurance companies, they're provided by the government. That's not what I'm talking about. I'm talking about people who have pre-existing conditions, who are definitely going to cost the insurance company more than they're going to be paying in, regardless of subsidies, who the health insurance company can't charge more money to and can't deny coverage to. >Insurance paying out more than premiums taken in for a particular subscriber isn't "charity", it's how insurance works. Actually that hinges on whether it's known before the agreement is made that the particular subscriber is going to have more paid out on his behalf than he is going to pay in. If it is known, then that's not insurance. It's charity.

ceejayoz 8y ago

> do you have some reason to believe the size of pools in a market with less interference would result in unreasonable premiums? Demonstrably so. Just look at pre-Obamacare "high risk pools" for concrete examples. https://www.kff.org/health-reform/issue-brief/high-risk-pools-for-uninsurable-individuals/ https://www.kff.org/health-reform/issue-brief/high-risk-pool... You'll also see it in other insurance markets, like life, house, car, malpractice, etc. - many people are largely uninsurable in these markets. > What is 'large enough'? The populations of many entire European countries are dwarfed by the number of subscribers to several health insurance companies in the US. It's not so much raw population as how much you're allowed to slice it up. A decent sized city is big enough - many corporations of a few thousand people self-insure as it's cheaper. The problem is when you allow insurance to pick their customers. They just pick the healthy ones, if allowed. > And our health care system requires subscribers to insurance companies to pay those insurance companies to A) provide charity to people who wouldn't be able to afford to buy insurance in real market... You are using some very weird definitions of "charity". Obamacare's subsidized premiums aren't shouldered by the insurance companies, they're provided by the government. Those insurance companies are making bank, not providing charity. Single-payer or income-based subsidized healthcare isn't "charity". Insurance paying out more than premiums taken in for a particular subscriber isn't "charity", it's how insurance works. > Is it really any surprise that system gets expensive? Oh, not at all, but that's because we've picked the least cost-effective bits of both private and public healthcare systems to combine into a monstrosity.

sDlEzAtyoNAz 8y ago
>Demonstrably so. Just look at pre-Obamacare "high risk pools" for concrete examples. I'm obviously not talking about individuals who are so expensive to profitably insure that they can't afford the premiums. I've already stated that the market isn't going to work for them. It's not the size of the pool that's causing problems here; the contents of the pool are the problem. >They just pick the healthy ones, if allowed. They also pick the less healthy ones that are able to afford to pay the higher premiums it takes to make it worth it for the insurance company to cover them, assuming the insurance company is allowed to charge such premiums. There is plenty of money to be made there. Where there isn't any money to be made is in people who know they have high expenses and can't afford to pay them. >You are using some very weird definitions of "charity". Are you taking issue with my characterization of government welfare as charity? Why should it be excluded from such a broad category? >Obamacare's subsidized premiums aren't shouldered by the insurance companies, they're provided by the government. That's not what I'm talking about. I'm talking about people who have pre-existing conditions, who are definitely going to cost the insurance company more than they're going to be paying in, regardless of subsidies, who the health insurance company can't charge more money to and can't deny coverage to. >Insurance paying out more than premiums taken in for a particular subscriber isn't "charity", it's how insurance works. Actually that hinges on whether it's known before the agreement is made that the particular subscriber is going to have more paid out on his behalf than he is going to pay in. If it is known, then that's not insurance. It's charity.