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How Big Data Is Destroying the US Healthcare System
KindMind writes "Robert Cringely writes on the idea that technological advances have changed the health care system, and not for the better. The idea is that companies now rate individuals instead of groups, and so move to a mode of simply avoiding policies that might lose money, instead of the traditional way that insurance costs were spread over a group. From the article: 'Then in the 1990s something happened: the cost of computing came down to the point where it was cost-effective to calculate likely health outcomes on an individual basis. This moved the health insurance business from being based on setting rates to denying coverage. In the U.S. the health insurance business model switched from covering as many people as possible to covering as few people as possible — selling insurance only to healthy people who didn't much need the healthcare system.'"
Full capitalist. Free market solutions always work better.
You can see the government solution raising prices across the board today. Big fail.
If you think the US is "laissez-faire anarcho-libertarian" you're stupider than you are a troll.
I want to delete my account but Slashdot doesn't allow it.
I don't know what you're talking about. I love Socialism. I no longer have to go out and rob people at gun point to get what I want, I can now rob people from the comfort of my own voting booth.
Paying taxes to buy civilization is like paying a hooker to buy love.
No, its totally legit.
Why should a company be forced to cover someone they don't want to? Are they not entitled to choose when and if to enter in to a contract? Are they not entitled to do with their property as the choose? If the people think that there is an ethical imperative to cover someone, then they should do so themselves. Telling others what to do with their property is unethical.