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Why isn't healthcare insurance more like car insurance? Almost everyone can afford to pay car insurance and are not worried about going broke and filing for ban
by _wldu 5y ago
Why isn't healthcare insurance more like car insurance? Almost everyone can afford to pay car insurance and are not worried about going broke and filing for bankruptcy if they have an accident or get a speeding ticket.
A friend got covid, almost died and then got a large five figure medical bill. They had insurance via the employer, but the hospital ER/ICU they were transported to was out of network. How is a very sick person in the back of an ambulance suppose to handle this in America?
- germinalphrase 5y agoBecause (most) cars are not worth much?
- brianwawok 5y ago> Almost everyone can afford to pay car insurance and are not worried about going broke and filing for bankruptcy if they have an accident or get a speeding ticket. Wealthy people actually buy an umbrella policy or something else to protect their wealth. Crashing into a 2 million dollar car or causing the deaths of a few people is going to put 1+ million in damages back on you. If your net worth is 50k, maybe doesn't matter. If it is 5 million, it could be life changing.
- snotrockets 5y agoCar insurance has capped payouts, and any policy which is considered by the insurer to be too much of a risk would be denied. Unlike a car, health costs are both unbound, and good health has infinite utility (you'd always be willing to pay as much as you can for good health,) and unlike car ownership, is also a basic human right.