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Health problems and healthcare is not that simple. Almost everyone will experience healthcare issues in their life, so the insurance becomes more of a subsidy
by lotsofpulp 1y ago
Health problems and healthcare is not that simple. Almost everyone will experience healthcare issues in their life, so the insurance becomes more of a subsidy mechanism to time shift costs from one population to another (which at some point becomes indistinguishable from taxpayer funded healthcare, just with a different administrator).
Also, legislation requires health insurance to pay for all healthcare, so there is no point paying to insure against specific ailments.
- sidewndr46 1y agoThis isn't really true in the US, I have specific policies that insure me against other types of illness. They pay directly to me in the form of a predetermined cash settlement in the event of a diagnosis.
- lotsofpulp 1y agoThe Affordable Care Act does not allow for benefit maximums. Necessary healthcare beyond the out of pocket maximum is (theoretically) required to be paid for by the insurer. You might have supplemental insurance that pays you in case of a specific illness, but that is not what is commonly referred to as health insurance. Can you provide a link to a business selling the type of policy you are referring to? I am curious what these look like.