This morning my son asked me why health insurance costs so much. I’m sure there are many people out there that would like to know that same answer. It’s rather simple. Health insurance covers too much.
Look at it this way. If you own a car then you have car insurance. Most of us by car insurance to protect the car (some of us just do it because it is the law). Any one with car insurance does not expect that insurance to foot the bill when the oil gets change. The car insurance does not fix the broken air conditioner. The car insurance does pay if there is an accident – it covers the major problems that the car faces.
If the car insurance did pay for oil changes, tune ups, brakes, air conditioning repair and all of those other little things that can go wrong with the car then the premiums would be through the rood. Insurance companies would have to figure in the costs of those routine mechanical issues when they figured up premium prices.
Back to the health insurance – there was a time when health insurance covered the major incidents in life (surgery, hospital stays, and things of that nature). Over the years the coverage has extended to the routine procedures of life (check ups, sniffles, or what ever else might come up).
It really is easy to understand now why health insurance prices are so high – the expectation of the consumer has risen.