Monday, March 27, 2017

What Americans Need to Understand about Health Insurance

Of course, the best way to "understand" health insurance is to eliminate it (no more Mr. Middleman!), but if we have to have it, at least we should know how it works (or should work).

Auto insurance is mandatory so we can all afford it, even on a BMW.

We insure things -- and lives -- to cover risk, the risk of crashing, of getting injured, of dying. The reason we can afford insurance at all is that everyone, or a reasonable proportion of people, buys it.

Car insurance is affordable because, by law, everyone has to have it. Health insurance isn't affordable -- in the U.S. -- because not everyone has to have it. That was true until Obamacare. One of Obamacare's legs in the three-legged stool was the mandate. Unfortunately, that's been weakened through a late roll out and now a lack of enforcement (if Trump gets his way).

The thing that everyone must understand about everyone having health insurance is that just because you don't need it doesn't mean you shouldn't purchase it anyway. Why? Because the system of insurance is designed so that those who don't need it pay for those who do. Eventually the favor will be returned.

When the young, buff, and healthy turn old and gray -- and sick -- a new crop of young, buff, and healthy will step up and take care of the old. It's the way it's supposed to work and those who say, "The hell if I'm going to pay for the bastards" are actually ditching their responsibility. Also, if everyone pays, the risk pool is big enough to bring and hold costs down, yes, for everyone.

So, dammit, conservatives, take responsibility. That's what you claim you do, right?

No comments:

Post a Comment