re: Facts on Health Care

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I have never met someone that chose to get cancer, have a genetic heart condition, or get hit by a bus.

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How many have you met that chose be stuck with their bills?

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Insurers are risk averse,

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100% false. Insurers wouldn't exist if they avoided risk.

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one of the problems that led to Medicare, Medicaid, high risk government pools, and the ACA came about specifically because the private insurers refuse to insure high risk people.

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Medicare and Medicaid came about as a way to buy democrat votes. Nothing to do with insurability of people.

Insurers have never refused to cover high-risk people. They just priced it appropriately.

You insure damn near anything.

But if you're insuring something for $1,000,000 in value, as the risk of loss approaches 100% the premium is going to approach $1,000,000.

That is entirely appropriate and expended for insurance.

What one cannot do.. is "insure" NON-risk events. A person with PECs is not a risk. The "risk" for them is 100% certainty. So they would be properly priced at 1:1 with their expenditures.

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Just because a person's probability to get any one type of disease is low, the combined probability of any sort of catastrophe or health problem is much higher.

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Oh dear.

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The author cherry picks

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