Originally posted by Darth_Alran:
The problem with your opinion is that you honestly believe that a business has the right to make a profit, whatever the means. Clearly the means in this case are of a kind that is harmful to the public (millions of people are denied the basic right to medical care), making the business model one that needs limitations and modifications.the idea is to gamble on who is at the lowest risk of needing to use the coverage in the first place. that is how they make a profit. covering an already sick person would be the equivalent of investing in a stock that is steadily loosing value.
Quote:
it changes the role of an insurance company from providing insurance AGAINST something happening, to simply an entity that pays your medical bill for you.
You realize that it's not them paying for your bills, but other customers. When you pay the insurance company, you're paying in order to receive care when you'll need it - which will be paid at that point by other insurance holders who do not need it right then. In order to maintain and manage this mutual system, the company takes a premium which is their business model. Or at least, this is how the concept of insurance is supposed to work. The problem rises however from the concept of 'profit'. Making a reasonable profit while funding healthcare from a mutual pool is one thing. Maximizing profits by milking people's pockets while holding them hostage is another. The business model is no longer 'getting a commission for managing the funds and services' but 'maximing funds while minimizing services' - making everything in between become the premium.
Dreams of a dreamer from afar to a fardreamer.