Insurance is all about risk. Yet neither insurance companies nor their policy-holders can do anything about one of the biggest risks — namely, interference by politicians, to turn insurance into something other than a device to deal with risk.
Too many political "solutions" are solutions to problems created by previous political "solutions" — and will be followed by new problems created by their current "solutions."
Health insurance would be a lot less expensive if it covered only the kinds of risks that can involve heavy costs, such as a major operation or a crippling disability. While such things can be individually very expensive, they don't happen to everybody, and insurance is one way to spread the risks, so that the protection of a given individual is not prohibitively expensive.
Once again, it is just common sense. Just pay for your own stuff and use insurance to pay for those things that are not likely to strike everybody at once, and therefore can be met in a type of pool where risks are shared over a large number of people.
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