I'm gonna propose we call this new method of payment 'out of pocket'. I know, sounds kinda weird, but I think it will catch on, tbh
can't you already deal with them in a cash only basis?
I'm gonna propose we call this new method of payment 'out of pocket'. I know, sounds kinda weird, but I think it will catch on, tbh
that's how all insurance works, the 80/20 rule, approximately, spreading the risk and claims costs. 80% with no or tiny claims finance the 20% with enormous claims.
the bigger the pool the cheaper the insurance. a mandatory (premium deducted from all income) govt/public insurance program would have a pool of 150m+ premium payers. It would also have the lowest overheads (like SS) rather than hyper-complicated kludge all insurance is now.
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