A simple and robust way to get others to do useful things is to “pay for results”, i.e., to promise to make particular payments for particular measurable outcomes. The better the outcomes, the more someone gets paid. This approach has long been used in
Health insurance companies seem to put astonishingly little effort into detecting & preventing fraud. As in even after discovering someone was fraudulently billing them, they kept paying him massive amounts of money. Much of that appears to be because they still get paid by some third party for these payouts, but I thought it worth keeping in mind for someone whose plans depend a lot on them:
Pay More For Results
Health insurance companies seem to put astonishingly little effort into detecting & preventing fraud. As in even after discovering someone was fraudulently billing them, they kept paying him massive amounts of money. Much of that appears to be because they still get paid by some third party for these payouts, but I thought it worth keeping in mind for someone whose plans depend a lot on them:
https://www.propublica.org/...
As it is now I assume that the health insurance part of the insurance company does not know that you have life insurance with the company.
So I guess what you're is we should have life time medical insurance that pays a big death benefit that declines over time.
You can't manage what you can't measure.