Marc Landry states in his Oct. 9 column “Subsidy surprises and other nonsense” that he objects to potentially paying $7,000 in medical insurance expenses per year when his average annual medical expenses are only about $1,000.
By this logic, most of us should not buy any insurance at all. My average annual expenses from my house burning down or getting hit by a hurricane have always been $0. By Landry’s logic, I should pay nothing for insurance on my home, since my expenses have always been $0 in the past, and paying any more than $0 would be a foolish waste of money.
But as anyone can understand, I pay for home insurance just in case something catastrophic were to occur to my home that would wipe out my savings and financial security. A recent study found medical bills to be the No. 1 cause of bankruptcies in the U.S.
We all hope for good health, and we do everything we can to ensure it, but we also buy insurance in case the worst occurs.