REFLECTIONS

Posted on February 18, 2012

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DON’T INSURE LIFE CHOICES

In a business school course, I was taught that insurance was for large-sized perils. It should protect against large expense items only.

Insurance was not designed to take care of the smaller expenses.

I noticed recent comments about homeowners insurance. Home water leaks are not an insurable event, nor should they be.

The same can be said for birth control pills. The insurance company cannot write a $50 check as cheaply as an individual can. Besides nothing is free. Someone pays for what we get free.

The real problem with these discussions is that insurance should not be involved in the conversation at all. We then would not have the religious discussion on free birth control for women in the first place.

This is a problem created by a view that individuals should not pay for minor health expense choices they make for themselves.

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