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They get the exact same thing, actually. That’s how insurance works (or is supposed to): it spreads the risk among all subscribers.
by creeble 7y ago
They get the exact same thing, actually. That’s how insurance works (or is supposed to): it spreads the risk among all subscribers.
- GCSAQCMIYI_2 7y ago>They get the exact same thing, actually. Not paid for by him, though, because his premiums wouldn't even cover his own medical expenses. That is the whole reason why health insurance companies would charge much higher premiums to people with pre-existing conditions or would turn them down. >it spreads the risk among all subscribers. Some people are much more likely than others to need expensive medical care. If you charge low risk and high risk people the same amount of money, then on average, the low risk people are going to be paying for a lot more medical care than they consume, and the high risk people are going to be consuming a lot more medical care than they pay for.