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Insurance companies are fortunate to even exist under this scheme. There is certainly much I do not know about this industry, so correct me if I'm wrong, but is
by EpicEng 13y ago
Insurance companies are fortunate to even exist under this scheme. There is certainly much I do not know about this industry, so correct me if I'm wrong, but isn't their primary function one of assessing risk? When the entire populous is forced to pay for some sort of health coverage, where does the insurance company continue to provide value?
- refurb 13y agoI think the issue is that since the penalties for not signing up have been delayed, not everyone is signing up. If only the sickest ones sign up, you're in trouble!
- EpicEng 13y agoYeah, I realize they're having a problem with that, though I'm not sure what they expected. Young people don't exactly jump at the chance to pay for something they don't want on a deadline.