Posted by
Always To The Right on Thursday, July 23, 2009 2:57:57 AM
What Does Health Insurance Insure? It's Not Your Health.
The American Thinker:
Health Care Is Not That Complicated
The problem begins with the almost universal misapplication of the terms. Health insurance does not insure your health, nor was it ever intended to.
Health care insurance, formerly called "medical insurance," is merely
an instrument of neutralizing risk. Financial risk, that is.
It
was brought about by a need to insure a family's assets against a dread
disease requiring care so expensive it would wipe that family out
financially. As a strictly financial planning endeavor, the issue
never seemed to be discussed in terms of being "a right" or in terms of
"compassion."
Instead of being viewed as a financial instrument to keep a family from
losing everything in an effort to pay for a cancer treatment or heart
surgery, it has become viewed as an endless supply of other people's money to pay for everything related to healthcare -- so the family can buy every car, boat, flat screen, iPod and laptop they want with their own money.