How Would this Work in Health Care?
Young Marmalade’s pitch has everything to do with price. “The free installation of a black box can cut your insurance premiums in half,” the company writes in an announcement of its launch. “By monitoring the driving behavior such as acceleration, braking, what time of the day the car was driven and at what speed, Young Marmalade provides affordable, telematic insurance premiums.”
Full article in Total Investor. HT: Tyler Cowen. See also Sara Kliff at the Ezra Klein blog.
“The free installation of a camera in your fridge to monitor your eating habits will cut Medicare’s cost in half.”
I have no problem with this. People should pay for their own expected medical costs. We cannot continue to expect healthy coworkers and employers to shoulder the burden for unhealthy behaviors.
If you purchase a Vauxhall Corsa 1.2 SXi 3 door to get lower insurance rates, be sure to get comprehensive, because if you are in an accident, you’re likely to get crushed in a low-power, lightweight box on wheels.
Not in my fridge.