The Fallacy Of ‘Pre-Existing Conditions’

What is a pre-existing condition? This is strictly an insurance term that was created to characterize a particular health condition a person applying for insurance may have. The vast majority of people have pre-existing conditions. They may range from migraine headaches or chronic acne to multiple sclerosis or breast cancer.

Historically, insurance companies went through a process known as underwriting, which meant they assessed the health conditions, current and past, that the applicant experienced. The cost of the insurance policy was based on the perceived risk and exposure of the insurance company. In some cases, the risk was so great that the company declined to insure the applicant. This was a business decision on the part of the insurance company, which felt that it was more likely that it would pay out more money for medical expenditures than it could collect from the applicant in premiums….

>>> continue reading: The Fallacy Of ‘Pre-Existing Conditions’

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