But there is quite a big cost of being insured by the banks against those risks.
Disturbed would be the certainty of uninsured creditors that they would be bailed out to minimize the cost of bailing out insured depositors.
Yet four out of five of the newly insured receive low- or no-cost coverage from the government.
Some critics also say insurers are inflating the insured value of houses, saying they would cost more to rebuild, thus raising the total bill each year without raising rates.
The result, now and increasingly in the future, is shortages of service for those who were supposed to be helped by Medicaid, and an increased cost burden for those who are insured and able to pay.
FORBES: Medicaid benefits politicians more than it benefits citizens
He also signed into law the Massachusetts Healthcare Reform Act, which expanded the MassHealth Medicare program for low income state residents to include un-insured middle class families, given them low cost access to public and private hospitals and medical centers in the state.
Another important element of the PPACA is the extension of no-cost preventive care and treatment to the insured.
FORBES: Guest Post: The Patient Protection and Affordable Care Act
The senator repeats a frequently made error that there is a huge cost shift from the uninsured to the insured.
FORBES: ObamaCare's in Trouble, So Out Come the Talking Heads
He won, the company won, and his 500 co-workers won, because they share 25% of the overall cost of Serigraph's self-insured plan.
But in the commercially insured population, the program led to a net medical cost decrease of 22% compared to a control group not using the care-management services.
The uninsured are getting care but the cost of that care is being shifted to the insured population.
But the fundamental market failure that Congress sought to fix was this cost-shifting from the uninsured to the privately insured.
FORBES: The Big Problem With Obamacare: It Doesn't Help Many
Under the old fee-for-service system, insured Americans could demand almost any treatment they wanted, with little regard for cost or efficacy.
Regular homeowners insurance provides coverage for the cost of additional living expenses if a home is damaged by an insured disaster, such as wind damage or a tree that fell through the roof.
It cost the taxpayers almost nothing, but I believe all but 1% of the population is now insured.
FORBES: Mitt's Complex Defense of Romneycare May Yet Prove Prescient
Individuals can make choices like how to buy long-term medications (there are good, lower-cost options) and how much health insurance they need (a lot of people are over-insured for routine health costs, especially in the Medicare supplement market).
Who among those of us who are lucky enough to be insured against illness would not like to be able to understand, in advance, what it is likely to cost us out-of-pocket should we find ourselves engulfed in a battle with cancer or some other unpleasant medical experience?
FORBES: Health Insurers Say Telling Truth On Costs Is Just Too Expensive
应用推荐