I believe health insurance (really, access to healthcare) is a human right. Life insurance can discriminate against you based on your health current state, and some people cannot get life insurance (or the cost is exceptionally exorbitant, because it is properly pricing the risk of loss). I don't believe someone is entitled to live where ever they want, or drive whatever they want, from an insurability perspective. We might just disagree on this philosophically, my apologies in advance.
> but insurance is about individual level risk
Insurance is about pooled risk, avoiding adverse selection, and balancing the risk of loss with whatever the pool criteria and objectives are. We can insure what should be insurance, and we can cut checks to what should just be aid, support, etc. Knowing which is which is important though if we operate under the assumption that resources are finite.
> but insurance is about individual level risk
Insurance is about pooled risk, avoiding adverse selection, and balancing the risk of loss with whatever the pool criteria and objectives are. We can insure what should be insurance, and we can cut checks to what should just be aid, support, etc. Knowing which is which is important though if we operate under the assumption that resources are finite.
https://www.actuary.org/sites/default/files/pdf/health/pool_...