Insurance may be its own type of evil, but it’s not gambling. It serves me a financial purpose. It protects me from certain enormous and unexpected expenses which would otherwise cripple me financially for the rest of my life.
How aggressively insurance deny claims may be a symptom of the same problem to the ubiquity of online gambling apps and ads, unchecked greed, but they’re not the same.
IMHO we need peer to peer prediction markets, in which the insurance company is not the same party deciding who won the bet. Then your risk of denial would be more clear up front.
I don’t even know that I should refuse jobs that offer insurance through UnitedHealthcare until Luigi.
Insurance may be its own type of evil, but it’s not gambling. It serves me a financial purpose. It protects me from certain enormous and unexpected expenses which would otherwise cripple me financially for the rest of my life.
How aggressively insurance deny claims may be a symptom of the same problem to the ubiquity of online gambling apps and ads, unchecked greed, but they’re not the same.
From the buyers point of view I agree it is risk reduction. But it is gambling from the sellers point of view.
IMHO we need peer to peer prediction markets, in which the insurance company is not the same party deciding who won the bet. Then your risk of denial would be more clear up front.
I don’t even know that I should refuse jobs that offer insurance through UnitedHealthcare until Luigi.