Hacker News Reader

According to the article, the family had family insurance plan which would have existed before Obamacare, so I think this is a bit of a red herring. I think he was pointing to increased costs of Obamacare AND the distressed babies as examples.

But I agree, if you can't use your insurance when you need it, whats the point of insurance?

View on HN

The point of insurance is to make money for people selling insurance. That's why those companies employ teams of people who look for ways to avoid paying insurance.

That's why those companies employ teams of people who look for ways to avoid paying insurance.

You mean the people encouraging people to use proper fire-safety techniques, "baby-proof" their homes, eat more healthful foods, exercise regularly, etc?

Of course every insurance company knows they will have to pay some claims at some point, it's a cost of doing business. So their entire purpose isn't to avoid paying claims, it's to charge enough in premiums to cover those claims while still making a profit.

Reply on news.ycombinator.com