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A comment on Florida becomes first state to enact DNA privacy law, blocking insurers. Parent comment

Re:Florida becomes first state to enact DNA privacy law, blo... by sandworm101 on Monday July 06, 2020 @06:56AM (#23746524)
The "local pool" is irrelevant. The care is paid out by the insurance corporation. How and where they get the money is thier business. They could get it from selling chickens. All that matters is that they pay.

What about one-off custom policies with a "local pool" of one customer? Such products are made every day.

[ Parent | on HN ]
Re:Florida becomes first state to enact DNA privacy law, blo... by WrtCdEvrydy on Monday July 06, 2020 @08:58AM (#23747386)
> How and where they get the money is thier business. > They could get it from selling chickens.

Insurance is a regulated industry and those statements would be terrifying. You have to prove to the state that your mathematics will work into a functional business and have to maintain certain liquidity requirements.

> All that matters is that they pay.

Yeah, and that's one the reasons companies don't like paying since it can dip into their liquidity.

[ Parent | on HN ]