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Detailed text transcripts for TV channel - MSNBC - 20170210:22:29:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20170210:22:29:00

For example, for automobiles still have access to that market. >> right, but and it's hard to make that comparison, the people that can't gate high risk autoinsurance is because they're bad drivers or they' had, you know -- it is -- wther you're talking about health and preexisting conditions, preexisting can come you're born with an ailment. that's what i mean. is like why penalize -- why create a similar system in insurance, you're paying your own penalty for bag bad driver? >> chuck, again, i agree with you, what i'm saying is the assigned risk pool can spread that cost, that risk, across v...

Detailed text transcripts for TV channel - MSNBC - 20170210:22:28:00 - Vimarsana News

Detailed text transcripts for TV channel - MSNBC - 20170210:22:28:00

Freedom so that people can exempt their nuisances and separate those out from the things that could bankrupt or kill them, now you've reduced that pool to a manageable level and then the same kind of assigned risk pools we currently use for example for autoinsurance could be used for that purpose. >> then how do you not punish the person that has the preexisting condition in a high-risk pool? why punish them with a higher insurance rate just because of their dna? >> well, insurance covers risk, it doesn't cover certainty. why is it that a health plan can only charge you 1% of the cost of a ser...