|
If the actuarial tables say that a fat person will cost the insurance company more then it makes complete sense for the insurance company to charge the fat person more.
If the children of breast cancer mortalities show a significantly increased chance of breast cancer, then an insurance model should of course cost them more. Just as a $100,000 life insurance policy should cost $100,000/month if I have a cancer diagnosis saying I'll die this month while it will probably only be $40/month for the 20-year-old track star.
That's insurance.
I'm an obese man in his mid-30s with a pronounced history of early male death in his family. I should pay more for insurance.
That's why I get frustrated when people talking about wanting everybody to have insurance. They don't, because then they get upset when the insurance companies act like insurance companies and charge those most in need (or most likely to need) of their insurance the most money.
|