Earlier quoted context omitted.
The point I was attempting to make was, we rarely spend $20K a year on actual dental and miscellaneous medical expenses. Its the catastrophic stuff that's the real, entire reason for the insurance. Clear?
>we rarely spend $20K a year on actual dental and miscellaneous medical expenses Yes and no.. I'm estimating $20k/4 = $5k/person for dental/medical. I mean.. with the arbitrary costs of things, that's not too insane. To say "rarely" doesn't do it justice.. pregnancy+kid? That's probably AT LEAST $15k without complications, so that boosts up the average. Young kids need a lot of visits/stuff.. Anyway, yeah I still agr…
I get it; the family has to be protected. But if we'd never heard of insurance, we'd all be living our lives anyway, and adopt a more fatalistic approach. And preventable tragedies would occur more often.
Sometimes I think that insurance is a scam, a con game where we all surrender our money because of scare tactics and threats of unlikely events that probably never occur.