HPR2325: Insurance - How It Works

Summary: Health policy is difficult and tricky. In the U.S. health care is mostly financed through insurance. How does that work, and what does it imply. There are some hard truths here. Links: https://discoveringwisdom.com/2013/06/07/life-is-uncertain-eat-dessert-first/ https://www.actuary.org/files/publications/risk_pool_july2009.pdf https://en.wikipedia.org/wiki/Moral_hazard http://www.oregonlaws.org/glossary/definition/actuarially_sound http://www.palain.com/?page_id=272