Mitt Romney's $10,000 bet

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Poll

	The amount was appropriate.		7 votes (28%)
	He should have suggested a smaller bet.		4 votes (16%)
	He should have suggested a larger bet.		3 votes (12%)
	He should have suggested a "gentleman's wager."		11 votes (44%)

25 members have voted

December 13th, 2011 at 2:43:24 PM permalink

thecesspit

Member since: Apr 19, 2010
Threads: 38
Posts: 3108

I'd have to see the exact context of the quote. Not that I really understand the whole debate about individual mandates etc. Romney came of better than Perry in the exchange I saw, with his expression of his ideas. But the bet was a bad move, and the details will probably be technicalities that are rather dull, and probably obscure the real point of what each candidate believes as their policy.

"Then you can admire the real gambler, who has neither eaten, slept through nor lived, he has so smarted under the scourge of his martingale, so suffered on the rack of his desire, for a coup at trente-et-quarante" - Honore de Balzac, 1829

December 13th, 2011 at 4:18:18 PM permalink
MathExtremist Member since: Aug 31, 2010 Threads: 46 Posts: 2521	Quote: Wizard You can read my opinion about this at The Daily Beast. They have your URL wrong. You're losing out on a lot of web traffic right now... "In my own case, when it seemed to me after a long illness that death was close at hand, I found no little solace in playing constantly at dice." -- Girolamo Cardano, 1563

December 14th, 2011 at 6:09:58 AM permalink
Wizard Administrator Member since: Oct 14, 2009 Threads: 313 Posts: 6783	Quote: MathExtremist They have your URL wrong. You're losing out on a lot of web traffic right now... Thanks. I asked them to fix it last night, which I see still has not happened. It's not whether you win or lose; it's whether or not you had a good bet.

December 14th, 2011 at 6:54:58 AM permalink

Nareed

Member since: Nov 11, 2009
Threads: 218
Posts: 7281

Quote: thecesspit
I'd have to see the exact context of the quote. Not that I really understand the whole debate about individual mandates etc.

That's easy.

Would you expect any company to insure your car after you had an accident and pay for that accident? Would you expect any insurer to sell you life insurance for your spouse after he has died and pay off on his death? Would you expect any company to insure your house after it has burned down and pay for the fire damage?

I'll bet you a trillion dolalrs (he he) most people would answer "no" to such questions.

Then why do we expect health insurance to pay for conditions or diseases that developed before someone decided to buy insurance?

In any case, the reluctance of insurers to pay for pre-existing conidtions has been demonized to the maximum. Many attempts to "reform" healthcare include forcing companies to pay for such conditions. but if they did, the result would be obvious: no one would buy insurance until they got sick.

This would bankrupt the industry, anturally, ro raise premiums to the level of hundreds of thousands of dollars, which is the same thing.

So to avoid this and to make insurers cover pre-existing conditions, government will kindly force you to buy insurance whether you want it or not. This is called a n individual amndate, which is a polite way of saying "Do as we tell you, or suffer the consequences."

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