re: What exactly am I getting out of my health insurance

This is true in theory. But because we have this weird system for using it for non emergencies and catastrophes, it leads to this nutty system of having high insurance costs plus high copays. Wtf

quote:

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Insurance is about mitigating catastrophic risks/bills

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But if I had an account full of money I paid to insurance companies, i would be much better off and could actually afford the catastrophic bill. Now I pay insurance, never use it, and will still not have the money for a future catastrophic bill because the insurance company has my money.