A World of Differences

In life, the differences between people are important.

“One size fits all” does not work with life insurance.  It’s not working with Obamacare either.

The beauty of life insurance is individualized underwriting. Each applicant is assessed a rate according to a personal risk profile. Each applicant has the opportunity to buy a lot or a little insurance, according to personal need and preference. Each applicant is different, so each applicant gets a different rate and benefits package.

Not so with the current move to nationalize health insurance. One of the primary reasons for the failure of Obamacare lies in the insistence of its architects to treat each  consumer the same. Michael Barone explains the magnitude of this mistake in today’s Wall Street Journal.