> Just look at health insurance companies for a prime example: they make profit by denying claims
Despite being from Europe, I find this to be a shocking and erroneous interpretation.
Clearly, health insurances have the duty to allocate limited resources (“premiums”) across members. Denying and accepting claims is the mechanism to that end. Accepting all claims would increase premiums and reduce membership (by pricing people out). Would that an ideal state? Clearly not.
Despite being from Europe, I find this to be a shocking and erroneous interpretation.
Clearly, health insurances have the duty to allocate limited resources (“premiums”) across members. Denying and accepting claims is the mechanism to that end. Accepting all claims would increase premiums and reduce membership (by pricing people out). Would that an ideal state? Clearly not.