Opinion | Health Care’s Killer App: Life Insurance

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Opinion: The life-insurance industry could profit by helping policyholders pay for cancer treatments, write Dana P. Goldman and Darius Lakdawalla

Imagine a scenario in which a 57-year-old man with an individual health-insurance policy is diagnosed with cancer. As soon as the diagnosis is made, the incentives of the man and those of his health insurer diverge.

He wants the best treatment immediately, while the insurer seeks to meet its obligations in the most financially prudent way possible. That could mean paying for less-expensive treatments first before gradually moving up a ladder of remedies if they fail. If the patient switches to a different insurance plan after...

Source: News Formal (newsformal.com)

 

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Why should health insurers help people with cancer? Because that's what separates the civilised from the savage? Because it's the decent thing to do? Because they might be legally obligated to do so anyway? . . . No, stupid. For the billable hours.

That means I'm really out of luck. I don't have any life insurance and when I go the welfare people are going to have some shadey character take my body away in a Hefty bag at 0010.

Insurance companies are leeches that prey on the fears on hard working people and who profit off of their suffering.

Oh cool, things will get even more complicated. Or... MedicareForAll

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