Comments on: How Does Insurance Work?

By: nolaeast

nolaeast — Mon, 01 Mar 2010 23:02:02 +0000

I Like It!!!!!

By: nolaeast

nolaeast — Mon, 01 Mar 2010 22:50:24 +0000

I Like it!!!!

By: smegmataa

smegmataa — Mon, 01 Mar 2010 22:31:03 +0000

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.

By: smegmataa

smegmataa — Mon, 01 Mar 2010 21:32:32 +0000

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.

By: InFromTheVoid

InFromTheVoid — Mon, 01 Mar 2010 21:13:11 +0000

so insurance in voluntary socialism??
By that I mean…From one's one's ability (to pay) to another man's needs.

By: InFromTheVoid

InFromTheVoid — Mon, 01 Mar 2010 20:41:11 +0000

ANd don't the insurance companies sometimes drop people once they get sick?

By: bearsagainstevil

bearsagainstevil — Mon, 01 Mar 2010 19:45:14 +0000

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

By: BurnsideStudios08

BurnsideStudios08 — Mon, 01 Mar 2010 19:24:21 +0000

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.

By: lilsk8boardcame

lilsk8boardcame — Mon, 01 Mar 2010 18:34:48 +0000

thank you

By: Lengo67

Lengo67 — Mon, 01 Mar 2010 18:13:48 +0000

This is the way it works? Not so fast! Who pays the insurance company's employees? Why doesn't BlueCross/BlueShield pay taxes? How does BlueCross afford to spend $2.3 million on lobbying? My money goes to help my neigbors? Not so! Only a portion goes to helping my neighbors, and another portion goes to paying salaries and lobbyists.