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What would be the point of a health insurance startup? It's just a risk pool. You get cancer, it costs (let's say) 3 million. He doesn't, risk, 1.5 million.
by abofh 4y ago
What would be the point of a health insurance startup? It's just a risk pool. You get cancer, it costs (let's say) 3 million. He doesn't, risk, 1.5 million.
Insurance companies exist to hedge risk - the federal government doesn't need to hedge, it can literally inflate the risk out of the market.
Pay my doctor's well, they deserve it. I don't even remember who I bought insurance from - don't care if they get paid.
- nine_zeros 4y ago> What would be the point of a health insurance startup? It's just a risk pool. You get cancer, it costs (let's say) 3 million. He doesn't, risk, 1.5 million. To start with, they would have lower costs of executive pay than entrenched players. A startup can disrupt with operational costs. Later they can negotiate better prices with providers, source cheaper drugs from around the world, use technology more efficiently. There is so much room to do something here, if the regulatory burden were low.