Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Bates & Company, Inc.
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Regional Vice President of Sales The Retirement Plan Company
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Compass
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AimPoint Pension
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Loan & Distribution Specialist AimPoint Pension
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When 'Insurance' Is Not Insurance: The Preexisting Condition Debate
David Dranove and Craig Garthwaite, at Code Red [Opinion] May 4, 2017
"[C]onsider a person who is currently uninsured but has recently been diagnosed with a serious medical problem. Given the opportunity, this person would love to purchase a health insurance policy. But make no mistake about it, this policy is no longer insurance in any traditional sense of the term. By skipping out on paying premiums until the illness strikes, this individual has consumed a lot more than everyone else when healthy, yet is able to consume almost the same as everyone else when sick (almost because there is likely to be some cost sharing). This isn't consumption smoothing, it is free riding, and this is what the prohibition on considering preexisting conditions encourages."
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