I've not followed the whole Affordable Healthcare Act implementation closely but this reader comment (rhetorical question) on one of Tyler Cowen's (Marginal Revolution) posts is quite good.
Insurance, properly understood, is purchased to protect the buyer or an interested party of the buyer against large, unexpected losses. Apparently catastrophic coverage only (high-deductible) is discouraged or forbidden in the new regime. Crazy. So, buying a high-deductible plan might expose you to a loss of $10,000 or so. Even if you don't have that kind of money on hand it is a rational approach to insurance. People borrow for all kinds of things, college education being an obvious area.
The employer-based model of health insurance - low-deductible, high premium - has served to distort our collective perspective when it comes to insurance.
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