Re:Britain being forced to go cashless 'against its will'
by Spivak on Thursday March 31, 2022 @01:33AM
(#30864130)
> Health insurance companies start buying your purchasing info and decide to up your premiums due to the amount of alcohol you buy …
I always find this argument funny because you’re mad that insurance companies are more accurately pricing your risk. Like isn’t as insurance company with perfect information the ideal? Would you be happy if an insurance company saw your yoga class, Soylent, and no bills from bars or smoke shops and charged you way less?
Like how dare these evil corporations charge me accurately for my activities that negatively affect my health that I have been up to now paying less than my real risk profile would afford.
Re:Britain being forced to go cashless 'against its will'
by ajb on Thursday March 31, 2022 @02:06AM
(#30864302)
An insurance company with perfect information would actually be useless. The point of insurance is to spread risk; perfect information means no spreading of risk.
I always find this argument funny because you’re mad that insurance companies are more accurately pricing your risk. Like isn’t as insurance company with perfect information the ideal? Would you be happy if an insurance company saw your yoga class, Soylent, and no bills from bars or smoke shops and charged you way less?
Like how dare these evil corporations charge me accurately for my activities that negatively affect my health that I have been up to now paying less than my real risk profile would afford.