Thursday, March 05, 2009

Financial models for catastrophic illness

I have a relative who is quite ill.
I was wondering what information would be out there to create a budget for all of the medical expenses that will occur.

I have to say there was very little if anything available.

Based on my understanding, insurance companies must have models for various illnesses - otherwise, how would they predict the costs in order to set premiums?

I find this conundrum perplexing.

Regards, makingourway

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