Orion
2008-03-07 10:03:08
Insurance is not a ‘bet that something bad will happen’; it’s a contingency plan in case something does. You carry a folding umbrella in your briefcase/backpack not ‘betting’ that it will rain, but so that if it does rain you won’t get soaking wet.
Health insurance isn’t betting that you’ll get sick; it’s so that if you do you don’t pay too much out of pocket to get well, or you have access to a particular doctor/health care plan that you believe will be of benefit to you if you get sick. Insurers aren’t betting that you won’t get sick – that’s a sucker’s bet. What they’re “betting” is that they’ll earn enough interest off the premiums they receive that they can both afford to take care of their clients and not go broke.
