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View Diary: Home Depot takes away health insurance (285 comments)

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  •  The larger any pool is, the less risk overall, (1+ / 0-)
    Recommended by:
    grover

    because:

    1)  The pool has more resources.
    2)  Age diversity comes with larger pools.
    3)  Risk diversity comes with larger pools.
    4)  Relatively few people have heavy cost illnesses, more people spreads the risk.

    Anyway, keep arguing against the practices of insurance going back over 600 years to the guilds and their mutual benefits societies.

    As far as Home Depot employees being healthier than the general population, it has long been the case that employed working people are generally healthier than those who are older, disabled, retired, or otherwise not working.  

    That is what was behind the whole rush to HMOs in the 1980s:  the BCBS programs there generally covered everyone.  Insurance companies approached businesses and said, "Hey, we can cover your employees under an HMO for much less."  And the reason they could? Because working people were healthier than the general population of adults.

    So, businesses jumped on the lousy HMO model and abandoned non-profit BCBS programs. Well, that made covering the remaining people a much more difficult and expensive proposition.

    "The law is meant to be my servant and not my master, still less my torturer and my murderer." -- James Baldwin. July 11, 1966.

    by YucatanMan on Thu Sep 26, 2013 at 11:05:55 AM PDT

    [ Parent ]

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