FTC to crack down on companies taking advantage of gig workers

Re:FTC to crack down on companies taking advantage of gig wo... by abofh on Saturday September 17, 2022 @01:43PM (#32879493)

What would be the point of a health insurance startup? It's just a risk pool. You get cancer, it costs (let's say) 3 million. He doesn't, risk, 1.5 million.

Insurance companies exist to hedge risk - the federal government doesn't need to hedge, it can literally inflate the risk out of the market.

Pay my doctor's well, they deserve it. I don't even remember who I bought insurance from - don't care if they get paid.

[ Parent | on HN ]

Re:FTC to crack down on companies taking advantage of gig wo... by nine_zeros on Saturday September 17, 2022 @03:37PM (#32880724)

> What would be the point of a health insurance startup? It's just a risk pool. You get cancer, it costs (let's say) 3 million. He doesn't, risk, 1.5 million.

To start with, they would have lower costs of executive pay than entrenched players. A startup can disrupt with operational costs.

Later they can negotiate better prices with providers, source cheaper drugs from around the world, use technology more efficiently. There is so much room to do something here, if the regulatory burden were low.

[ Parent | on HN ]