How Does Insurance Work?
Monday, October 5th, 2009 at
4:51 am
Its about manage to buy of scale. When we pointer up for healthcare coverage, we stick on a organisation of alternative people to mix your healthcare purchasing power. Your insurer covers a total group, rsther than than …
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stop commenting on Political crap. Nobody cares about your views… Obviously… which is why your political agenda is limited to, The internet. The cornerstone of Political Ingorance
This is not the American model. Insurance companies get majority of there money from the healthy and when a healthy person gets sick they get dropped.
yup clearly this video leaves out people with pre-existing conditions and the fact the insurance company is trying to make a huge profit .Im british and for some things trying to make a profits fine but not for a healthcare system
ANd don’t the insurance companies sometimes drop people once they get sick?
so insurance in voluntary socialism??By that I mean…From one’s one’s ability (to pay) to another man’s needs.
Capilist healthcare has inherent problems. The population is split into insured and uninsured groups, or into selectively groups (as with private insurance with pre-insurance selection either by the insurance company or the insured) the concept of population solidarity breaks down. Insurance systems must then typically deal with two inherent challenges: adverse selection and ex-post moral hazard.
Private healthcare is a problem. The population absorbs the cost of risks to an individual by spreading the impact of incurred costs amongst the insured population.However, if the population is split into insured and uninsured groups, or into selectively groups (as with private insurance with pre-insurance selection either by the insurance company or the insured) the concept of population solidarity breaks down. They deal with inherent problems:adverse selection and ex-post moral hazard.
I Like it!!!!
I Like It!!!!!
This looks like a piece of viral marketing for the US health insurance industry.