> It's correct because the present system is set up that way. But this doesn't mean it must be that way, or that insurance requires a large pool of clients with the same policy and coverage. That's a coincidence.
No, it is not.
> From the standpoint of a large publicly-held corporation, many clients with identical policies, or many clients each with unique personal policies, work internally exactly the same way -- it's all about actuaries assessing risk and setting rates.
The economy exists to serve people, not the other way round. The only acceptable system is one that allows people with chronic illnesses to get coverage like everyone else, and for an affordable price. The only effective way to prevent commercial insurers to refuse coverage to such people is to not allow them to issue personal policies.
>> It's correct because the present system is set up that way. But this doesn't mean it must be that way, or that insurance requires a large pool of clients with the same policy and coverage. That's a coincidence.
> No, it is not.
It is a coincidence, and many insurance companies write policies that apply to only one person. They can do this because a large pool of people, all with the same policy, is not essential for the system to work. Example:
A quote: "America Ferrera is the newest addition to the list of stars who have some of their body parts insured. Famous for her role as Betty Suarez in the top-rating ABC sitcom "Ugly Betty", Ferrera has had her smile insured for 10 million dollars by Lloyds of London."
One person, one smile, one client, one policy.
> The economy exists to serve people, not the other way round.
Please, to discuss that topic, start a new thread. It has precisely nothing to do with present topic, which is how insurance companies work.
No, it is not.
> From the standpoint of a large publicly-held corporation, many clients with identical policies, or many clients each with unique personal policies, work internally exactly the same way -- it's all about actuaries assessing risk and setting rates.
The economy exists to serve people, not the other way round. The only acceptable system is one that allows people with chronic illnesses to get coverage like everyone else, and for an affordable price. The only effective way to prevent commercial insurers to refuse coverage to such people is to not allow them to issue personal policies.