>On paper it may seem to insure you against catastrophic loss, that is, if the insurance company can't find a way to deny your claim for one reason or another.

>On paper it may seem to insure you against catastrophic loss, that is, if the insurance company can't find a way to deny your claim for one reason or another. You can surely bet they will be trying. The most common method of denying claims was that it was a preexisting condition, something that ACA prevents them from doing. The vast majority of people who have health insurance will be covered in event of a catastrophic illness. It's definitely more than just "on paper".