How does the concept of health insurance, risk pooling, etc., make sense if there are no lifetime maximums…?
Eventually 100% of the population will need healthcare of some type.
And without maximums to plan and set prices against, wouldn’t it just be a wealth transfer scheme from the relatively young and healthy to the particularly old and sick…? (With those in the middle roughly neutral)
At least I can’t see any credible way to insure against something 100% of all possible customers will need.
Eventually 100% of the population will need healthcare of some type.
And without maximums to plan and set prices against, wouldn’t it just be a wealth transfer scheme from the relatively young and healthy to the particularly old and sick…? (With those in the middle roughly neutral)
At least I can’t see any credible way to insure against something 100% of all possible customers will need.