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> as millions of employees get laid off, millions of health insurance premiums stop getting paid. Failure mode of a system where healthcare is tied to employme
by floatrock 6y ago
> as millions of employees get laid off, millions of health insurance premiums stop getting paid.
Failure mode of a system where healthcare is tied to employment -- works as long as people keep shuffling around, shatters when a systemic black swan comes along.
And no, cobra doesn't address it. It's just a patch. Anyone actually pay cobra for more than a month or two? You quickly realize just how expensive employer group plans can be for an individual.
- SiempreViernes 6y ago> shatters when a systemic black swan comes along Well, whatever colour the swan is, a pandemic is no any unprecedented crisis. It's frankly more predictable than large scale earthquakes, but many people simply didn't give a shit to plan for it in advance.
- abandonliberty 6y ago>a systemic black swan comes along Nassim would like people to stop saying this. I view him as an authority on the subject. https://mobile.twitter.com/nntaleb/status/1244946738739179520 https://mobile.twitter.com/nntaleb/status/124494673873917952...