A German firm called Friendsurance relies on people forming their own groups, which apply peer pressure to keep claims and costs lower. The result is refunded premiums for customers and profit for the company.
Sentiment: NEGATIVE
Peer pressure is just that: pressure.
The availability of private insurance provides tremendous insulation for millions of individuals.
As premiums continue to skyrocket, we must ensure that health insurers are not engaging in anticompetitive behavior and unfairly driving up health care costs.
This marketplace where people can buy insurance who don't have it today - a competitive marketplace: That's an idea that both sides embrace.
Money couldn't buy friends, but you got a better class of enemy.
Peer pressure and social norms are powerful influences on behaviour, and they are classic excuses.
What the insurance companies have done is to reverse the business so that the public at large insures the insurance companies.
People don't trust private health insurance companies for all the right reasons.
I feel I'm doing God's work switching people from group plans to individual insurance.
It puts the provider in a situation of looking for ways to have someone else pick up a piece of the cost. As a result, every customer who has insurance ends up paying a 'hidden premium.' It simply adds to the health care cost burden.