Quote Originally Posted by kydonky View Post
In the past I have tried to highlight how insurance works as a tool to spead financial risks.
But using it for your everyday prescriptions, check-ups and other minor things is not "financial risk". It's basically paying someone else to pay for your everyday needs.

If we went to a more catastrophic insurance model where people were not using it to pay for things every day, then it could be considered spreading financial risk.