Thursday, October 18, 2012

Karl Denninger: The Mouth-Breathing On Health Care Continues

market ticker dot org  via Barnhardt

If you have a "pre-existing" condition then you're not buying insurance.

Remember what insurance actually is: A small payment made to someone in order to obtain pooled risk against an unlikely but catastrophic event that one either cannot or chooses not to reserve against on one's own.

Thank you.  I think I said that myself once before.

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