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"Why should the average 20-30+ year old even carry insurance?" Because an accident or infection can run up $50k in costs before you can even put the paperwork

• rsheridan6 17y ago
  Can, but probably won't, and if it does, the average twenty-something doesn't have so many assets that it's a huge loss to declare bankruptcy. Besides, twentysomethings all* think they're immortal and that nothing bad will happen to them anyway. *And by all, I mean some.
  • gjm11 17y ago
    Surely the main downside to declaring bankruptcy isn't what it does to your present assets but what it does to your future prospects.
    • rsheridan6 17y ago
      That depends on who you are, what you have, and what you want to do. For many people, this would just mean lower credit limits and a delay in house buying plans, if you had any. The bottom line for me is that, if I were a healthy young person, I would not pay for health insurance under this plan. Actually, when I was a young healthy person, I didn't pay for insurance - I went uninsured from when I was off my parents' plan until I was 29. So did lots of others. The case for buying health insurance is now far weaker than it was then.