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On Thu, Oct 19, 2000 at 01:26:48PM -0500, Kevin Elliott wrote:
> At 22:42 -0700 10/18/00, Nathan Saper wrote:
> >Coverage is most often less expensive than care. Therefore, one may
> >be able to afford the coverage, but not afford the care, if it ends up
> >being required.
>
> BAHHHHHHHHHHH....LOL.... God, that's the funniest thing I've ever
> read. BY DEFINITION, care is cheaper that coverage in the average
> case. You've already told us how the insurance companies have
> managed to aquire billions in profits. Where do you think they got
> them? They looked at the numbers and realized that for a
> sufficiently large group of people the cost of paying that groups
> medical bills will be less than the amount that groups members will
> be willing to pay on a monthly basis to own a safety net.
Not for catastrophic medical problems. Insurance companies make
profits because most people who have insurance end up not having huge
medical problems. Those who do, however, often get out more than they
put in.
- --
Nathan Saper ([EMAIL PROTECTED]) | http://www.well.com/user/natedog/
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