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  #51  
Old 12-21-2016, 08:45 PM
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I readily admit my lack of knowledge about health insurance. It sounds like what you are saying is that there is little chance of changing the current health insurance system and that there is very little chance of industry disruption?
Not exactly. But getting a solution to a problem generally includes understanding the existing situation in which the problem is embedded.
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  #52  
Old 12-21-2016, 10:35 PM
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The 20% has to cover expenses, though, so I'm assuming they are essentially assuming aN 80% loss ratio, right? How does this compare to the major carriers?
No. Premium taxes, other expenses, reinsurance costs,... all come out of the 80% not the 20% per their website.
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  #53  
Old 12-22-2016, 12:18 PM
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No.
Too many other people that have to be paid. Could fall in love with some doctor who might come treat you at home for your flu-like symptoms. In a few months, you might have sex with her, assuming normal actuarial progress.

What you propose is pretty interesting. Perhaps people with troubling symptoms could log into a "Dr Craig's List," negotiate a price among several willing local providers for doctor's visit and tests, or an ER/Urgent care visit, or even cancer treatments.
The last one would be expensive regardless, and your insurer, which would pay for most of it, might already want to do that, with your approval.
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  #54  
Old 12-22-2016, 12:37 PM
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Your influence is far-reaching, good sir!
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  #55  
Old 12-22-2016, 12:57 PM
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I'm afraid to know how many references are out there.
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  #56  
Old 12-22-2016, 03:17 PM
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I'm afraid to know how many references are out there.
A veritable gold mine...
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  #57  
Old 12-22-2016, 03:18 PM
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A veritable dew mine...
IFYP
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  #58  
Old 12-22-2016, 04:03 PM
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IFYP
Why did I think NAT would stay in NAT?
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  #59  
Old 12-22-2016, 05:12 PM
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You saw the alley-oop and slamed it home imo.
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  #60  
Old 12-28-2016, 11:58 AM
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With the current technology available, couldn't there be a simpler alternative to health insurance where families, friends, or other associations connect via some kind of mobile app to insure one another
Real health care issues are too expensive for "family and friends". Not everyone has rich relatives. Not every rich relative wants to support you.

They'd have to be heavily subsidized by some sort of bureaucratic source. You'd also have to decide how much each family/friend contributes based on their conditions. Someone might want to be your "friend" because they happen to have a disease that costs $100k/year. Someone like that is going to have a hard time finding "friends".

Finally when you accept that sick "friend" into your network, you're going to want to appoint someone to closely monitor their condition-- and try to convince them to use less healthcare (ie deny claims).
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