The point of insurance is to protect you against unlikely but damaging events. . . .You Do Not Have Health Insurance, from The Baseline Scenario.
If, like most people, your health coverage is through your employer or your spouse’s employer, that is not what you have. At some point in the future, you will get sick and need expensive health care. What are some of the things that could happen between now and then?
For all of these reasons, you can’t count on your health insurer being there when you need it. That’s not insurance; that’s employer-subsidized health care for the duration of your employment.
- Your company could drop its health plan. . . .
- You could lose your job. . . .
- You could voluntarily leave your job, for example because you have to move to take care of an elderly relative. . . .
- You could get divorced from the spouse you depend on for health coverage. . . .
Wednesday, August 5, 2009
Are You Really Insured?
The way things really are: