5 ms·
Medical Insurance has all of the characteristics of a bad insurance business: small claims, frequent claims, horrendous adverse selection risk, and moral hazard
by QuarterReptile 3y ago
Medical Insurance has all of the characteristics of a bad insurance business: small claims, frequent claims, horrendous adverse selection risk, and moral hazard everywhere.
Undoubtedly, AI will help it reach its logical conclusion even faster.
- kelseyfrog 3y agoSadly, there is no state of malfunction that will result in the people having the ability to affect change feel compelled to affect change. With incentives or "that's just how the world works" effectively conspire against improvement.