{"id":423,"date":"2009-08-07T00:06:55","date_gmt":"2009-08-07T04:06:55","guid":{"rendered":"http:\/\/quotulatiousness.ca\/blog\/?p=423"},"modified":"2009-08-12T12:36:54","modified_gmt":"2009-08-12T16:36:54","slug":"qotd-its-not-insurance-its-welfare","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2009\/08\/07\/qotd-its-not-insurance-its-welfare\/","title":{"rendered":"QotD: It&#8217;s not insurance, it&#8217;s welfare"},"content":{"rendered":"<blockquote>\n<p>Have [<em>New York Times<\/em> writers and editors] no understanding of risk management?  If it is controversial for health insurers to reject sick applicants, it should be controversial for life insurers to refuse to insure the already dead, and for car insurers to refuse to insure cars that have already been wrecked.<\/p>\n<p>Doing that may be required by Congress and cheered by the <em>New York Times<\/em>, but that doesn&#8217;t make it a good thing for America.  It doesn&#8217;t even make it insurance.  It&#8217;s welfare.  We can debate whether such welfare is good policy, but let&#8217;s discuss it honestly. Calling welfare &#8220;insurance&#8221; muddies thinking.<\/p>\n<p>Requiring insurance companies to cover the sick takes away insurers&#8217; power to encourage safer behavior.  This will soon turn insurance into a form of expensive, taxpayer funded welfare.<\/p>\n<p>John Stossel, <a href=\"http:\/\/blogs.abcnews.com\/johnstossel\/2009\/08\/welfare-not-insurance.html\" target=\"_blank\">&#8220;Welfare, Not Insurance&#8221;, <em>John Stossel&#8217;s Take<\/em><\/a>, 2009-08-05<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Have [New York Times writers and editors] no understanding of risk management? If it is controversial for health insurers to reject sick applicants, it should be controversial for life insurers to refuse to insure the already dead, and for car insurers to refuse to insure cars that have already been wrecked. Doing that may be [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[66,41],"tags":[121,162],"class_list":["post-423","post","type-post","status-publish","format-standard","hentry","category-health-science","category-quotations","tag-insurance","tag-socializedmedicine"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-6P","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/423","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=423"}],"version-history":[{"count":2,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/423\/revisions"}],"predecessor-version":[{"id":495,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/423\/revisions\/495"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}