Obamacare written to deceive the public.

[Surgenator]

You let the truth out once again to blind to see what you yourself typed. So you are fine with health care being a gambling transaction? Only a selfish person would think that.

Ok, we can play that game. If you want to treat health care like making a bet on a roulette wheel, then it is a safe bet everyone will get sick and everyone eventually does. You don't care about anyone but yourself, otherwise you would not equate a human need in the same manor you put gambling. Gambling is a choice, getting sick is not a choice.

I usually don't respond to your post anymore because I have come to the conclusion that you are a moron. But I will this time to take an opportunity to explain why health insurance is a gambling transaction.

It is a gambling transaction because the insurance company is making a bet. The insurace company is betting you will consume less health care than your premium. For instance, if you pay 10,000 dollars a year for health insurance, the insurance company is betting you will consume less than that. Lets say the insurance companies actuaries have figured out that the average joe consumes 9,000 dollars a year of health care. You drop 10,000 dollars a year into the health insurance slot machine. On average the health insurance slot machine cover 9,000 dollars worth of your health care consumption. The expected value of the transaction for the insurance company is 1,000 dollars. Your expected value of the transaction is -1,000 dollars. It is a gambling transaction because both parties are risking a sum of money on the basis of an unknown outcome of some future event.

Arguing two different things. Brian is agruing about a person betting if he/she will get sick. Insurance companies betting on how often and how bad will the person get sick. Who's betting and what is the bet are completely different.

Plus, you paint the insurance company as just looking to make 10% of the premiums. However, we know that is not how the insurance company actually works. Obamacare has one specific provision called the 80/20 rule. The rule generally requires health insurance companies in the individual and small group markets to spend at least 80% of the premium dollars they collect on medical care or activities to improve health care quality. And that increases to 85% for insurance companies in the large group market.