Re:EU launches probe into Google-Fitbit takeover
by toyg on Tuesday August 04, 2020 @11:00AM
(#24050644)
In modern markets, prices are overwhelmingly determined by demand rather than cost.
People with more problems pay more to get insurance because they cannot afford not to. Insurance companies are not run at-cost.
By giving them more excuses to scrutinize your lifestyle, you are just exposing yourself to the risk of them, one day, objecting to anything in it to raise prices on something you cannot afford not to pay.
Maybe we as a society want to rather "subsidize" or "protect" unhealthy individuals by giving them money for higher premium insurance rather than hiding the actual cost of their healthcare by making it illegal for insurance companies to deny them based on their unhealthiness. To me that seems like a better, more explicit and transparent model that doesn't rely on physical reality being "hidden" from the people determining the cost of your insurance, even though we all know that unhealthy people cost more to insure because they have more health issues.