(November 30, 2014 at 4:19 pm)Surgenator Wrote:(November 30, 2014 at 11:19 am)Heywood Wrote: The reason the insurance companies make profits is because their side of the bet usually has a positive expected value. The customer generally has a negative expected value. Obama basically forced most Americans to make a bad bet with an insurance company. I think intuitively people realize this on some level which is why they dislike Obamacare.
What negative expected value? I call bullshit.
The insurers have a positive expected value. The insured have a negative expected value. This is my claim and your link supports it. By structuring our healthcare system this way Obamacare codifies into law the screwing of the American people.
It didn't have to be this way.