Health risk pooling
Pooling refers to collecting money from many people in a group so that the money collected is then
used to pay for health services for its members. Pooling risks together allows the higher costs of the
less healthy to be offset by the relatively lower costs of the healthy. Pooling ensures that the risk
related to financing health is borne by all the members of the pool. Its main purpose is to share
the financial risk associated with disease, disability and death for which there is uncertain
Arguments in favor of risk pooling in health embody equity and efficiency considerations.
Equity arguments reflect the view that it is not fair that individuals should assume all the risk
associated with their illness, disability, or death. Efficiency argument indicate that pooling
improves population health, increases productivity, and reduces uncertainty associated with
health expenditure. Four classes of risk pooling comprise (a) no risk pool, under which all cost
lies with the individual; (b) unitary risk pool, under which all cost is transferred to a single
national pool; (c) fragmented risk pools, under which a series of independent risk pools (such
as local governments or employer-based pools) are used; and (d) integrated risk pools, under
which fragmented risk pools are compensated for the variations in risk to which they are
exposed. Small, fragmented risk pools, which are the norm in developing countries, have
seriously adverse outcomes for the users of the health system.
Each individual holder of Ubricoin will receive a smart contract to use health services at a
URCC at the time of need. The smart contract will cover preventive and curative services for
the holder by the contract. Pooled smart contract will recreate a super smart contract (SSC)
that will act as health risk pooling

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