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Economy

In reply to the discussion: The nonoption [View all]

Mattias

(25 posts)
2. I dont disagree
Thu Feb 14, 2013, 09:33 PM
Feb 2013

But the insurance plan has faltered. The premiums are based on 15 year shorter average life span than the actual meaning the same premium 40 years ago is suppose to provide the same living standard 15 years longer than assumed. Eg. if a fire insurance policy premium is based on the assumption of 1 fire in every 1 000 homes and value of a home is 100 000, the premium would be 100 per policy taker. Should the number change to 1 fire per 500 homes either the insurance company change premiums to 200 or take a loss until money runs out. Easy as.

And I am long from saying that entitlements should be reduced, I think its important that they stay as they are. But to keep this promise we have to adapt to reality, more revenues are needed. To shy from that fact is to shy from reality, the ruling party of denying reality is the GOP and I dont think that strategy have served them well or will serve them well.

The nonoption [View all] Mattias Feb 2013 OP
Rubbish! Warpy Feb 2013 #1
I dont disagree Mattias Feb 2013 #2
That 15 year longer lifespan doesn't apply to everyone Warpy Feb 2013 #4
To point out Mattias Feb 2013 #8
And to point out Mattias Feb 2013 #9
Problem the accountants have... RobertEarl Feb 2013 #3
We all know where to find it Warpy Feb 2013 #5
So the future is.. RobertEarl Feb 2013 #6
Again Mattias Feb 2013 #7
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