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To: USAF80

If only you’d be advising Romney...


62 posted on 11/20/2012 8:29:22 PM PST by 1010RD (First, Do No Harm)
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To: 1010RD
I think most people don't understand how insurance works. They pay their premiums and that's it.

I had explained to my co-worker that insurance is like a big pool. One million clients paying one dollar a month creates a one million dollar pool to pay claims. If the pool was smaller, say 500K then each would pay $2 to get the same size one million dollar pool. He understood that concept.

A week later he came to me claiming I was wrong because under OBcare the pool would be bigger thus cost would be lower. He was all excited to “prove” me wrong.

The bubble busting part came when I told him the extra people would not be paying into the pool. When the realization sank in is when the silence occurred.

69 posted on 11/21/2012 5:15:48 AM PST by USAF80
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