4 ms·
The argument was based on the premise that the insurer would drop anyone that would cost more than they pay. In that system everyone who pays the insurance wou
by zimbatm 8y ago
The argument was based on the premise that the insurer would drop anyone that would cost more than they pay.
In that system everyone who pays the insurance would be better off putting the money aside as they wouldn't have to pay for the admin overhead.
Even if the catastrophic event happens early in the timeline it would probably be better to take out a loan than to pay the insurance.