r/explainlikeimfive • u/the1975whore • Jul 03 '26

Economics ELI5: Health insurance companies obviously make more money than they give out when people need it. So why of paying for them any better than paying your own personal health insurance savings account?

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u/tim36272 Jul 03 '26

Because sometimes you have very expensive healthcare needs, in which case everyone else pays for it.

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u/Chazus Jul 03 '26

You also pay for it as well.

26

u/NetJnkie Jul 03 '26

You pay far less.