> because I had good insurance through my employer However, you only get this peace of mind without being rich thanks to Obamacare (whose days may be numbered.

> because I had good insurance through my employer However, you only get this peace of mind without being rich thanks to Obamacare (whose days may be numbered...). Before, you had to be rich to self-insure against the following events: - What if you lose your job? It could take you longer to find one again than whatever Cobra covers, or a pre-existing condition could make individual insurance unaffordable. - What if your insurance is not as good as you thought, and you hit a lifetime cap? - What if the insurance company managed to conjure up a pre-existing condition to escape their obligations?