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A comment on Drugmakers Are Set to Pay 23andMe Millions to Access Consumer DNA. Parent comment

Re:Drugmakers Are Set to Pay 23andMe Millions to Access Cons... by WarOnPrivacy on Tuesday October 31, 2023 @09:05AM (#38084223)
> The foundational premise of the insurance concept is that risk is spread across every participant in an equal manner.

Applying this broad principle to auto insurance, it isn't doing well. Auto ins is ~mandated. Participants are forced to pay for risk pools they aren't part of.

ex: Car repair costs are skyrocketing. Premiums are also skyrocketing, including for people who don't carry collision.

[ Parent | on HN ]
Re:Drugmakers Are Set to Pay 23andMe Millions to Access Cons... by plonk on Wednesday November 01, 2023 @03:53AM (#38095625)
Everyone can make disasters at the wheel though. If you didn’t mandate insurance, there would be victims with no recourse.
[ Parent | on HN ]
Re:Drugmakers Are Set to Pay 23andMe Millions to Access Cons... by WarOnPrivacy on Wednesday November 01, 2023 @09:33AM (#38097960)
Sure. But insurance companies leverage that mandate; they make people who don't choose (or can't afford) collision policies subsidize people that do. With this, the bargain of shared risk is quietly killed and replaced with exploiting the poor (or frugal) to pay for the non-poor (or lavish).
[ Parent | on HN ]