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He was trying to pool risk, but he didn't do it.
Friends and relatives can lend money, pool risk, mind children and bring news of job openings.
That works well for economic reforms, but in social policy it fails to pool risk efficiently.
The whole principle of the NHS, and one of its greatest achievements, is that it has been a social contract to pool risk.
But co-pays and deductibles reduce the ability of insurance to pool risk, and access rules can create conflicts between insurers and their customers.
In that case, the company would pool risk across products through substitution even as it ensured a higher degree of service for that customer.
Similar(31)
The greater the number of companies willing to pool risks, the lower reinsurance premiums would be.
It makes more sense to give a bigger role to private reinsurers, which have traditionally pooled the risks borne by insurance companies, just as the insurance companies themselves pool risks for individual clients.
Proponents of the first emphasize its ability to pool risks and introduce an element of solidarity.
To pool risks among studies we used a random-effects model and 2 Bayesian approaches.
However, pooled risk does not necessarily imply a public option.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com