All those young healthy people are paying for the sick people like all the good drivers who don’t get into accidents pay for all those who do. That’s the concept of insurance, shared risk. But since we have a lot of financially ignorant people in the world, they would rather have a system where one hospital stay bankrupts a family for the rest of their lives.
All those young healthy people are paying for the sick people like all the good drivers who don’t get into accidents pay for all those who do. That’s the concept of insurance, shared risk. But since we have a lot of financially ignorant people in the world, they would rather have a system where one hospital stay bankrupts a family for the rest of their lives.