Hear me out on this, please.
Let’s say that I spend $5k on health insurance in a year, but don’t go to the doctor or have any medical issues in that year. Where does my money go? It disappears. I basically just gave away my money, and received nothing in return. However, if I took that $5k and simply put it into a personal savings account instead of giving it away to a health insurance provider - that money stays right there if and whenever I decide to use it. It even collects interest.
I realize that with a health insurance provider, you’re (supposedly) getting discounted rates on medical services - but if your money is just disappearing into thin air if you don’t happen to need those medical services in a given year, are you really saving money? It just seems like a really big scam to me - what am I missing?
The original comment references luxury assets like supercars. In the USA, the average adult needs a car of some sort to function in society, and often cannot afford the unplanned purchase of a reliable used car (let’s call that $15K). Collision insurance that will cover most of the cost of a replacement car is a reasonable value for many people, and the insurance company doesn’t have any special leverage like access to massive discounts on replacement cars (they may have access to modest discounts on repair services, but nothing like what health insurance has).
I think I made it pretty clear I understand that for-profit health insurance is a scam because providers overcharge anyone who doesn’t have it to an extreme degree. That’s not the case for pretty much anything else.
You’ve made it clear you think you understand…
But that apparently just means you’re unwilling to learn.
Best of luck, feel free to keep replying, someone else may help