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What I mean is that the cost from a particular case of fraud is socialized across the population, at the point of taxation (or higher premiums for the mandatory
by ETH_start 3y ago
What I mean is that the cost from a particular case of fraud is socialized across the population, at the point of taxation (or higher premiums for the mandatory insurance), instead falling on the patient at the point of use.
- hef19898 3y agoWhich is exactly howbinsurance works, spreading the risk over large enough a population to make insurance affordable for everyone. One of the things Bismarck put on place, that socialist.
- ETH_start 3y agoSpreading the cost of each instance across everyone doesn’t make it more affordable, since the reduction in magnitude of harm from each instance is offset by a directly proportional increase in the frequency of instances each individual pays for.