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That is what insurance is supposed to be for. Medical insurance should be more like home or auto insurance. My home and auto policies do not cover maintenance
by tastyfreeze 5y ago
That is what insurance is supposed to be for. Medical insurance should be more like home or auto insurance. My home and auto policies do not cover maintenance and improvement but they do cover rare catastrophic events. My medical insurance covers every damn thing that has to do with medicine. If I go to the doctor for an annual check up there is no reason that insurance should be involved as that is a regular and elective cost. If I break my arm that is unexpected and probably costly so I would have insurance to cover something like that.
Insurance is for uncommon events that you have little to no control over. The policy you choose should reflect how you want to mitigate your own risk of uncommon events happening.
- paxys 5y agoInsurance companies actually want to pay for your regular, non-emergency medical costs because it is way cheaper for them to do so vs letting conditions go undetected and then paying orders of magnitudes more for surgeries, prescriptions and expert visits. Your annual checkup visits aren't what is causing ballooning healthcare costs, but actually lowering them.
- tastyfreeze 5y agoI wasn't implying that annual checkups were causing ballooning cost. Having insurance cover it certainly doesn't help reduce cost. Other types of insurance give discounts for behavior that reduces their risk of a huge payout or they charge higher premiums for higher risk. There is no reason medical insurance can't do the same.