> Insurance fundamentally is about cost and risk sharing. Health insurance is not insurance and the sooner we stop thinking that way, the better. Why so? Let'

> Insurance fundamentally is about cost and risk sharing. Health insurance is not insurance and the sooner we stop thinking that way, the better. Why so? Let's compare. You have car insurance - you're in an accident, your car is totaled. Insurer decides the fair market value for your car is $25K and for the sake of argument we'll say that's accurate and reasonable and acceptable. Great, they're going to send you a check for $25K, right? Hold up. You have a $1,000 deductible. So now your check is only $24,000. Okay, sure, you knew there was a deductible. Now they're talking about your $2,000 co-pay? Your check is only going to be $22,000 now! Bah, that sucks, but okay. What's this? "Your contribution towards the value of your vehicle, your co-insurance, is 20%, which is $5,000. We have deducted this from your check." So now your check is only $17,000. This is why healthcare "insurance" is not insurance.