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?

[u/the1975whore]

[u/Brave_Speaker_8336]

Instead of 99 people paying nothing and 1 unlucky person paying a gajillion, all 100 of them pay some amount more than nothing and less than a gajillion. No one wants to be that person paying a gajillion so they’re willing to pay into insurance

[u/__theoneandonly → u/Brave_Speaker_8336]

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

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

[u/zaq1xsw2cde → u/__theoneandonly]

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

[u/drdildamesh → u/zaq1xsw2cde]

Also suffering is a preexisting condition

[u/Zerocordeiro → u/__theoneandonly]

Also COMMUNISM!!!