The point I was attempting to make was, we rarely spend $20K a year on actual dental and miscellaneous medical expenses. Its the catastrophic stuff that's the real, entire reason for the insurance.
>we rarely spend $20K a year on actual dental and miscellaneous medical expenses
Yes and no.. I'm estimating $20k/4 = $5k/person for dental/medical. I mean.. with the arbitrary costs of things, that's not too insane. To say "rarely" doesn't do it justice.. pregnancy+kid? That's probably AT LEAST $15k without complications, so that boosts up the average. Young kids need a lot of visits/stuff..
Anyway, yeah I still agree that $5k/person is a bit high on what is actually spent by people if we took the whole population. Although there are so many extremes that bump up the numbers that maybe it isn't?
>Its the catastrophic stuff that's the real, entire reason for the insurance.
I agree with that.. sort of. But I think it's a misnomer to call "health insurance" just insurance.. I'm also supposed to use "health insurance" for annual visits to make sure everyone is ok. That's not insurance, that is simply keeping people healthy and a NECESSITY.
"Life insurance" is for the very unlikely situation that I will die in my 30s, and I want my family to have some security if I do.
"Health insurance" is an absolute NECESSITY because people get sick, they break bones, they have babies. We lump all this normal stuff to stay healthy in the same category as "cancer" or a massive car accident.
>Clear?
Not at all. Because you haven't given me any options. I 100% NEED "health insurance" or rather "regular health care + health insurance for the extreme" for my family. Agreed? My options are to either pay this ridiculous amount of money or have no insurance and "hope for the best". What a great country we are!
We all understand that insurance was invented only a few decades ago, right? Its not been some fundamental requirement for most of humanity (still isn't) for most of human history.
I get it; the family has to be protected. But if we'd never heard of insurance, we'd all be living our lives anyway, and adopt a more fatalistic approach. And preventable tragedies would occur more often.
Sometimes I think that insurance is a scam, a con game where we all surrender our money because of scare tactics and threats of unlikely events that probably never occur.
Yes and no.. I'm estimating $20k/4 = $5k/person for dental/medical. I mean.. with the arbitrary costs of things, that's not too insane. To say "rarely" doesn't do it justice.. pregnancy+kid? That's probably AT LEAST $15k without complications, so that boosts up the average. Young kids need a lot of visits/stuff..
Anyway, yeah I still agree that $5k/person is a bit high on what is actually spent by people if we took the whole population. Although there are so many extremes that bump up the numbers that maybe it isn't?
>Its the catastrophic stuff that's the real, entire reason for the insurance.
I agree with that.. sort of. But I think it's a misnomer to call "health insurance" just insurance.. I'm also supposed to use "health insurance" for annual visits to make sure everyone is ok. That's not insurance, that is simply keeping people healthy and a NECESSITY.
"Life insurance" is for the very unlikely situation that I will die in my 30s, and I want my family to have some security if I do.
"Health insurance" is an absolute NECESSITY because people get sick, they break bones, they have babies. We lump all this normal stuff to stay healthy in the same category as "cancer" or a massive car accident.
>Clear?
Not at all. Because you haven't given me any options. I 100% NEED "health insurance" or rather "regular health care + health insurance for the extreme" for my family. Agreed? My options are to either pay this ridiculous amount of money or have no insurance and "hope for the best". What a great country we are!