tag:blogger.com,1999:blog-18171692.post1930668677190718233..comments2023-10-03T12:20:53.726-04:00Comments on ¡Cecilieaux!: Socrates in Chicago Debating Health CareCecilio Moraleshttp://www.blogger.com/profile/05283375962527765787noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-18171692.post-9785524062457041642009-08-16T15:50:47.697-04:002009-08-16T15:50:47.697-04:00Interesting but there is a major fallacy.
The way ...Interesting but there is a major fallacy.<br />The way we look at insurance is not a gamble but rather a pool of resources for the group. Getting out of the pool is the gamble; so whenever someone gets sicks this member draws/pays from the pool. Everybody gets impacted but just a bit; with time averages were established and a fee for admin was properly added. What happened is when it turned out to be in a big way for profit. It should be like an utility in the old style when the regulators guarantee a profit for this must have system. Everybody need water so they can not ask an arm and a leg for it. If you are a CEO of a health insurance company where is your heart? Easy answer; in the profits so whatever you do to maximize profits it becomes OK. The insurance pools have become so large that the individual losses voice and control if there was any. Now it becomes that I have to pay a "premium" to join or kickout if I get too sick even when the premium was calculated that there will be that many similarly sick. The name says it all. The system as it is it does not work.C.Mandujanonoreply@blogger.com