> Insurance is acquiring similar issues, though with very different mechanisms. As statistical inference improves, insurance ceases to be insurance... Risk gets pooled across ever smaller groups. The whole purpose of insurance is to pool risk widely. IMO, this is the problem the US' health policy architects underestimated. Insurance companies know too much to be insurance companies.
Insurance companies typically want the best of both worlds, to -know enough- to pool narrowly (or often, exclude high risk), but glean the benefits from wide pooling.
Insurance companies typically want the best of both worlds, to -know enough- to pool narrowly (or often, exclude high risk), but glean the benefits from wide pooling.