Julia Carle, Chapter 5, Question #3

In Chapter five, Wheelan discusses how much insurance companies know about you and how the more information they know about the customer, the more amount of money the customer will pay in a premium rate. This implies that the insurance companies are fighting legal to know more and more about the customer when no one, including the government is trying to restrict that. The implications for the future is that the insurance companies will want to know more about the customer, but can't because the government will restrict them. There are long-term consequences with issue of insurance companies knowing everything about you, once they know, the know, you can't take away their knowledge of you and they will keep your insurance premium at a high rate since they know so much about you. Plus another issue is that the government is trying to get involved, which will take a gradual amount of time to put into order. I think it's good that the government is trying to restrict insurance discrimination, then people won't be put at a another disadvantage for being overweight, being a smoker, etc. However, I can already tell that it won't be beneficial to the insurance companies.