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A comment on Medical error is third biggest cause of death in the US, experts say. Parent comment

Re:Medical error is third biggest cause of death in the US, ... by nommm-nommm on Wednesday May 04, 2016 @02:46PM (#11630651)
The strange thing is long term disability insurance for a group plan is really cheap. My work provides it as an option and I only pay $300/year or so for the premiums, work doesn't pay any percent of the premiums.
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Re:Medical error is third biggest cause of death in the US, ... by chris_va on Wednesday May 04, 2016 @04:45PM (#11631607)
Adverse selection is a huge problem in insurance. And disability fraud is especially bad (like billions of dollars in CA every year).

As a result, insurance companies don't want to play in that space, since their average margin is only like 6% anyway. States backstop the insurance companies, to make sure they continue to offer the product.

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