In other words, it’s easy to get lost in the flood of information and get overwhelmed.
But in the insurance world, it gets even worse. Because in that world, the problem of “unfair” is even more pronounced. Here, you don’t know what’s happening to you (your health insurance premiums) until you need it, and only then do you have a chance to make an educated decision about your options.
The problem with this is that insurers always have to look at your health history and compare it with the past. This means that your health history is always compared to the past, and thus there is no way to know what your actual history will be. This is why you dont always have a health history, you dont know what to expect, you dont know what to expect, this is the nature of the health insurance problem.
If you want your health insurance to be relevant and accurate, it needs to be able to compare you to the past. This is what you need to realize when you go to the doctor, get your prescription filled, and make other life-or-death decisions.
It is often the case that the differences between you and the past are too small to matter. For example, I know a former high school football player who took a job with a company whose policy covered a health insurance policy that he was paying for. He said that his experience working for this company was the exact same as his own. It was as if that company had never had a policy, and its employees just had the same policy as the people who had worked for them.
Unfortunately, insurance is an asymmetric information problem. We can’t know whether we have health insurance, or whether the health insurance policy we’ve chosen is actually worth the premiums it costs.
The problem with asymmetric information is that it’s hard to tell. Most companies that do insurance will have a form (or forms, like our own) that is filled out by the applicant. This is good, because it means that we know if we have health insurance, or if we dont. Unfortunately, this is a very bad way to use information.
This is why health insurance companies have to rely on health history data, which is very inaccurate. If you have just had a bad fall, you dont need to use that information to determine whether you need insurance. If you find yourself hospitalized, for example, you dont need to fill out a form to say if you want to be put on a waiting list. In the case of health insurance, we need to be able to distinguish between healthy people and sick people.
The problem is that we only have partial information. We cannot get a full history of a patient before they actually need medical care. We need to have a way of knowing the health history of people before they get sick.
We have a very good solution to this problem. We can use a system called “Anonymized Data”—a method that anonymizes data by making it public by default. The general idea is to create a random sample of people who have health insurance, and then ask those people to fill out a form about insurance. This information can then be used to calculate how many people are healthy and how many people are sick.
