Was wondering. If we force insurance companies to ignore pre-existing conditions in determining whether to accept or rates if they are accepted, what is to stop people from not getting any insurance until they acquire a condition?
Think about it. What motivation would anyone have to pay huge monthly premiums when they are healthy, when they can always get insurance at similar rates whenever they need it?
Im not an actuary, but it sure seems to me that a model that is based on diversifying risk that all of a sudden only takes on clients with the risk realized doesn't seem like it's tenable for very long ...
Think about it. What motivation would anyone have to pay huge monthly premiums when they are healthy, when they can always get insurance at similar rates whenever they need it?
Im not an actuary, but it sure seems to me that a model that is based on diversifying risk that all of a sudden only takes on clients with the risk realized doesn't seem like it's tenable for very long ...
