Re:Google/Fitbit will monetise health data and harm consumers
by disgruntledphd2 on Thursday October 01, 2020 @09:23AM
(#24650516)
Yeah, I worked in the industry for a while based in Europe, so that's the context of my comment. I deliberately avoided health insurance, both because I don't know a huge amount about it, and because it's so mental in the US.
I do agree with you in terms of the societal benefit piece, but was just trying to give some insight with respect to how the industry works now (without taking a position on how it should work).
My personal belief is that we should only allow individual level features to be considered, because otherwise you end up in a position where people living in richer areas both have more money and pay less for insurance (which is rational from an insurer perspective).
That being said, insurance doesn't really make any money, and is probably something that would be better provided by the state (especially for things like auto, which people are forced by the state to have).
I do agree with you in terms of the societal benefit piece, but was just trying to give some insight with respect to how the industry works now (without taking a position on how it should work).
My personal belief is that we should only allow individual level features to be considered, because otherwise you end up in a position where people living in richer areas both have more money and pay less for insurance (which is rational from an insurer perspective).
That being said, insurance doesn't really make any money, and is probably something that would be better provided by the state (especially for things like auto, which people are forced by the state to have).