If insurance works as you describe it it wouldn't make sense at all and everybody would individually be responsible for her entire medical cost. With partially ruinous consequences for the individual.
And better at real-time charging and paying for insurance in micro-increments. Predicting over the course of a year is hard, over the next microsecond, not so much.
Going to the gun range? Your insurance premium just went up by $6/hour. Speed in your car? Slam on your brakes suddenly? Driving quickly in heavy traffic? Drive at 3AM on Saturdays?
Comments
I think that's his point.
The exact costs will never be calculable in advance.
We are never going to reach a point where we can accurately predict whether someone will be hit by a bus or shot.
But we're getting better and better at it.
And better at real-time charging and paying for insurance in micro-increments. Predicting over the course of a year is hard, over the next microsecond, not so much.
Going to the gun range? Your insurance premium just went up by $6/hour. Speed in your car? Slam on your brakes suddenly? Driving quickly in heavy traffic? Drive at 3AM on Saturdays?