(December 2, 2014 at 11:39 am)Heywood Wrote:When does anyone expect to have a positive expected value when buying insurance? When you buy a house, do you complain about morgage companies telling you to pay more than the house is worth? When buying a car, do you complain to the dealer that your paying him more than the car is worth?(November 30, 2014 at 4:19 pm)Surgenator Wrote: 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.
Quote:It didn't have to be this way.A possible better law does NOT mean Obamacare is a disaster.