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We already do that. We think you may get cancer or dementia, we deny you insurance converge and proceed to drain you of opportunity
by gmerc 3y ago
We already do that. We think you may get cancer or dementia, we deny you insurance converge and proceed to drain you of opportunity
- ekianjo 3y agoIf insurances dont cover you for future risks its not worth calling it this way. Insurance's only purpose is to help the minority of us who will get serious problems throughout their lives, not that exclude them.
- 3cats-in-a-coat 3y agoIf it’s predictable you’ll fail, that’s not insurance. Insurance is about unpredictable failures. It may sound odd, but it’s the nature of it.
- photonbeam 3y agoCoverage or cost sharing then
- 3cats-in-a-coat 3y agoMaybe but the cost is already high even when you exclude those who deliberately drive it up.
- l33t7332273 3y agoDescribing people with cancer and dementia as deliberately driving up insurance prices just seems wrong
- est31 3y agoThere is probably a difference between someone losing their health insurance after the insurance company finds out about their upcoming Parkinson disease, or their car's insurance sending an SMS about tripling the premium, and someone creating a life insurance contract for a million bucks one day after their diagnosis with a quickly killing unstoppable cancer type.
- lelandbatey 3y agoInsurance is absolutely not here with "the purpose of helping the minority of us." Insurance is a business built on exploiting information asymmetries to make money from groups who they try to show empirically can't actually cost more than they pay. If they can find a way to exploit extra information in order to show you're in a riskier group and hence exclude you from coverage, they will. They have absolutely no reason not to. Insurance companies and you absolutely have an oppositional relationship; they love when we collectively ignore this.
- robocat 3y agoWho's "we". Most developed countries (and many less developed countries) have some government coverage for cancer or dementia. In New Zealand we can also pay for premium private insurance - although I don't think that helps much for chronic conditions. Dementia will often still drain your bank account in New Zealand because the government here will take all your equity to pay for nursing home fees. But you do get looked after a bit when you have nothing, so there is that. You can avoid having all your equity taken but it does take some planning, some costs and some effort (e.g. give equity to children more than 7 years before you lose your marbles, e.g. use a family trust, e.g. if married it is very important to ensure your will limits equity damage to one if the other falls ill).
- Aurornis 3y ago> We think you may get cancer or dementia, we deny you insurance converge Pre-existing conditions can't be used to deny health insurance coverage in the United States. This has been true since 2014. Please don't perpetuate the myth that people should avoid screenings for fear of losing health coverage.
- gmerc 3y agoPracticality matters. Squeezing you dry isn’t denying coverage by the letter of the word, but the effect is the same. How much opportunity is drained form everyone who relies on insulin to survive every month?
- 1234letshaveatw 3y agoDoubling down on your ignorance. Impressive
- mrguyorama 3y agoDo you deny that people who need insulin to live pay through the nose for the privilege of not dying?