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That is a good summary. An analogy I might add that could further clarify things would be preexisting condition protections for health insurance. Preventing in
by slg 6y ago
That is a good summary. An analogy I might add that could further clarify things would be preexisting condition protections for health insurance. Preventing insurance companies from turning down people who they know will require expensive medical care is going to lead to worse pricing for the rest of us. However much of society has decided that is a cost worth enduring in the name of fairness.
- WanderPanda 6y agoProblem with this is, this cuts open the feedback loop of being responsible for ones own health. Credit assignment problem all the way
- NeuNeurosis 6y agoAre you American? Because high cost of health insurance does not deter risky behaviors towards health or a glaring lack of responsibility.
- kortilla 6y agoHealth insurance is weird because it’s become the way you pay for something expected. In every other insurance you will absolutely get denied or charged a huge sum if you’re knowingly going to be a loss. It’s like applying for home fire insurance and saying you burned down your previous 3 homes and will likely burn down this one.