The Soapbox

BocaHoo91

Joined: 06/03/2005 Posts: 31020
Likes: 52381


Not really. Insurance is a risk pool shared by insureds with


a similar risk profile and/or with a higher / lower premiums commensurate with their risk profile. Without that, the concept of insurance breaks down. If writers of auto insurance or homeowners insurance or life insurance could only charge a max of 3x from their lowest to highest premiums, every low risk insured would self select out and you would be left with only high risk people... and the insurance pool would break down in a death spiral. E.g. what we're now seeing with Obamacare.

(In response to this post by Chuck Taylor)

Posted: 03/21/2017 at 4:38PM



+1

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