Ghostiger,Jan 30 2005, 09:07 AM Wrote:I dont think you understand the nature of "insurance".Right. <_<
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You may not know this, but there is a lifetime cap of outlay for most health insurance plans. Mine is currently is $250,000. So, even if I get some life threatening disease I'm screwed at some point in the illness. I've been paying for health insurance for 25 years, with very little use of it. I would have been better off with a medical savings account.
If the sum of insurance premiums are more than your probable outlay then it's a bad deal. But, the insurance companies prey on your fear of the unknown. I own only the insurance I am required, and then only with the highest possible deductibles and the lowest possible rates.
IMO, it's a shake down racket made legal.
”There are more things in heaven and earth, Horatio, Than are dreamt of in your philosophy." - Hamlet (1.5.167-8), Hamlet to Horatio.
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