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eridani

(51,907 posts)

12. Low actuarial value only makes sense if you know for sure that you will never

Reply to bornskeptic (Reply #11)

Sun Sep 16, 2012, 03:28 PM

Sep 2012

--get seriously sick. The whole concept is vile, because it is based on the premise that trying to get into a risk pool of healthier people and leave the actual care of the sick to the government is a good thing. Do you want to privatize your fire department because you are sure that your house will never catch fire--even though statistically that's the way to bet?

"Economic sense" in your terms implies that profiting making guesses about illness and health is a good thing.

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14 replies

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Highlight:

Insurance companies trying to get even LOWER actuarial values for ACA exchanges approved [View all] eridani Sep 2012 OP

Universal health care Angry Dragon Sep 2012 #1

Does this refer to plans with high annual deductibles? Kolesar Sep 2012 #2

High deductibles are a separate issue. Actuarial value comes into play-- eridani Sep 2012 #5

Ok. I will have to watch out for this story Kolesar Sep 2012 #6

Deductibles are a major factor in figuring actuarial value of a plan. bornskeptic Sep 2012 #11

Low actuarial value only makes sense if you know for sure that you will never eridani Sep 2012 #12

"Actuarial value" is what has to replace a lifetime cap now Recursion Sep 2012 #8

In Switzerland insurance companies have to offer basic plans AT NO PROFIT kenny blankenship Sep 2012 #10

Not exactly, but I understand where you get that idea Recursion Sep 2012 #13

Since they are not willing to play fair, B Calm Sep 2012 #3

We need single payer. If the insurance companies cannot provide good coverage JDPriestly Sep 2012 #4

Kick for this life or death matter. area51 Sep 2012 #7

Obamacare=SHIT Insurance that will double in premium costs every 7.3 yrs. kenny blankenship Sep 2012 #9

Remember, I warned ya, I told ya so. (And so did several others on here.) Zalatix Sep 2012 #14