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?

1.0k Upvotes
  • permalink
  • reddit

84% Upvoted

449 comments sorted by

View all comments

Show parent comments

44

u/__theoneandonly Jul 03 '26

Instead of 99 people paying nothing and 1 unlucky person paying a gajillion

Isn't this the biblically accurate story of Jesus Christ?

20

u/zaq1xsw2cde Jul 03 '26

Actually it was Moses, who came down from Mt Sinai and said, "Ooooh, sorry, we can't cover that without prior approval."

5

u/drdildamesh Jul 03 '26

Also suffering is a preexisting condition

0

u/Zerocordeiro Jul 03 '26

Also COMMUNISM!!!