Quote:
Originally Posted by cologal
But if the insurance companies only insure the "healthy" and can cancel a policy when someone gets sick with a major illness then there is NO or little risk sharing.
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All things being equal, taking on any risk at any time, without precondition limitations exposes insurance companies to high expenses from an insured who has never paid a premium. (Yoda's kiosk). On the other hand, we want insurance companies to cover pre-existing conditions. Why not a short, eg 60 day, waiting period?