Colbert Interviews Michael Moore - Talks About Bundling aka Those Algorithms To Create Markets
Posted Sep 26 2009 10:20pm
14,000 people every day lose their health insurance and medical bills are causing individuals to lose their homes, bankruptcy and defaulting loans. If we want to fix the economy, then we need to fix healthcare it sounds like to me.
What is also interesting is that Mr. Colbert also references an item I posted not too long ago about insurance, and in case you missed it, read up here. Here’s a small portion of the post below that explains what the algorithms would do and how investors could lose money if you live too long when using an algorithm to place you into a “disease group” so bets can be made on how long they anticipate your survival, scary stuff but this is the new set of “ ALGOS” on Wall Street, the Human Hedge Funds. Colbert gets it here in the video too.
“The solution? A bond made up of life settlements would ideally have policies from people with a range of diseases — leukemia, lung cancer, heart disease, breast cancer, diabetes, Alzheimer’s. That is because if too many people with leukemia are in the securitization portfolio, and a cure is developed, the value of the bond would plummet.”
This is a huge eye opener and an abuse of “financial algorithms”, that interact and affect “healthcare algorithms”. The 2 work together, so if you have never been a fan of “high frequency” terminology or just technology in general, now’s a good time to read up and get acquainted with how all of this is running the country, those with the biggest, fattest, and most powerful written algorithms, are in the driver’s seat. We need to see and audit those algorithms, as the only way to make progress is to see how all of this is being calculated and perhaps get a Congress that can create some fair and sensible algorithmic centric laws, and hey along the way they might use them to find out where the money is too, business intelligence software and algorithms can do that, look what they have done for Goldman Sachs and United HealthCare if you need a couple examples, its has made them rich. BD
Michael Moore's supporters will tell you that he's a gifted filmmaker who makes strong points using compelling, if controversial, methods. On the other hand, his detractors will tell you that he's a fat fatty who fats fat fats using fat, if fat, fats. Clearly a spirited and thoughtful debate. Perhaps Moore's appearance on The Colbert Report last night will settle it once and for all.