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Not necessarily. Ever wonder how Lloyd's of London determines the premiums to charge for obscure insurance policies?
You mean like insuring slave ships back in the day? I recall reading about one particular Lloyd's of London insured slave ship that ran low on food and fresh water. So, the captain threw a hundred or so shackled slaves overboard alive after dragging them out of the hold where they were stacked like cords of wood. It got so ugly that some slaves became so depressed they just dived overboard, about 20 did just that. Later when they returned to England they demanded compensation for their insured live cargo that was lost. Lloyds refused to pay for those who where tossed overboard but covered those that jumped over board voluntarily. Ugly business, and would rather not have my health care delivered to me primarily by a stinking racket.
Maybe they should have thought about that before they became so selfish, self-centered and made people feel less generous toward them. Now they should pay the going rate whatever that is and I'm sure it will be quite high.
Sure but LLoyd's is willing to take a loss if offset by other gains.
As is any insurer. The point is that Lloyd's DOESN'T overcharge those who present a low risk, unlike Obamacare, Medicare, or any other form of socialized health care.
Maybe they should have thought about that before they became so selfish, self-centered and made people feel less generous toward them. Now they should pay the going rate whatever that is and I'm sure it will be quite high.
Would you suggest that they cut their own throats the night before they become 65 y/o?
It is not always that cut and dried or so simple. Many people totally responsible like myself and wife can be hit with very serious disease and medical bills. And also the other side, where total medical miscreants die from having too much sex at 101!
(lol)
And that's all factored into the risk formula. Actuaries aren't stupid.
As is any insurer. The point is that Lloyd's DOESN'T overcharge those who present a low risk, unlike Obamacare, Medicare, or any other form of socialized health care.
Call any HC insurer and see what they would charge a perfectly healthy 65 y/o. Few exist, but see what they say.
Would you suggest that they cut their own throats the night before they become 65 y/o?
(lol)
No, they should use their benefits first, why waste them? Where's that same concern for families who do not have health benefits? Would you suggest the same? Benefits are not always available. They are often going the way of pensions.
Quote:
Originally Posted by Hoonose
It is not always that cut and dried or so simple. Many people totally responsible like myself and wife can be hit with very serious disease and medical bills. And also the other side, where total medical miscreants die from having too much sex at 101!
(lol)
And younger families can have a child with leukemia through no fault of their own. That's the problem with health insurance. It should be a right but it's not. You can choose not to drive but you don't have a spare body. As younger generations see the greediness of older generations, reality will set in.
You do not hear the truth in this area. Large taxes would be needed. Corporate profits would rise as they would not have to pay for their employees coverage. The individual would not see the cost on their earnings as it would just be another part of their federal taxes. This would be bad overall as right now too many do not know where their federal tax dollars go and what those dollars pay for.
Most employees as well as many on this forum complain about costs but do not understand the share their employers pay into their coverage.
Universal coverage is good idea but the population will need to understand what they will gain.
I like the idea of Medicare for all, but most think that means its free when it truly is not.
No two countries do Universal Healthcare the same.
Some only have a public option. Others only have a private option. Most are a mix.
Some require employers to pick up a portion of the cost while some do not.
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