Social Insurance (part two)

The “too big to fail” theory asserts that certain corporations, particularly financial institutions, are so large and so interconnected that their failure would be disastrous to the greater economic system, and that they therefore must be supported by government when they face potential failure. Source, Wikipedia…

 

Could the above descriptive phrase be applied to your health, to your personal health insurance? Is it too expensive to afford? Just how much health insurance can you afford? There is the top shelf so called ‘Cadillac’ health insurance, then there is the bottom shelf, let’s just call it ‘skateboard’ health insurance coverage which can you afford? What happens to you when you get sick, need an expensive lifesaving operation, if you cannot afford it do you just die? Need a year of expensive drugs, cannot afford it, do you just die? The way things are set up in America, with health insurance as a for profit earning business, if one cannot afford it, one do indeed just die. You can get only what you can afford to pay for. The only panacea as far as I can tell is the much-hated word, ‘government’, no other option can be so employed as to be without any financial restrictions, an equal opportunity provider regardless of one’s ability to afford.

 

Insurance is a means of protection from financial loss. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Source, Wikipedia…

 

In the case of health insurance, the loss is life its self. Is the monetary worth of a human life too high to be placed in the hands of a for profit making entity, be it pharmaceutical or health insurance when the denial of service can mean profits for a company resulting in the end of a human life. The ironicalness of this current debate situation is that the congressional delegates considering the fate of healthcare and health insurance in America for the common all have government supported Cadillac healthcare and insurance while the unexceptional (commonplace) have none guaranteed during this life time in this 2017 America…

 

 

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