A Quote by Abhijit Banerjee
Catastrophic health shocks do enormous damage to families both economically and otherwise, and are easy to insure, because nobody gets them on purpose. On the other hand, insurance policies that only treat certain catastrophic illnesses are hard to comprehend, especially of you are illiterate and unused to the legalistic nature of exclusions etc.
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We need to increase access to health insurance through Health Savings Accounts and high deductible policies, so individuals and families can purchase the insurance that's best for them and meets their specific needs.
We should allow people to purchase health insurance across state lines. That will create a true 50-state national marketplace which will drive down the cost of low-cost, catastrophic health insurance.
Having no national system of catastrophic health insurance, we have, through the courts, managed to patch together pieces of a not very satisfactory one.
People would have a health care insurance policy they can call their own. They could choose one that exactly fits their families' needs and their budgets, be able to take that coverage with them from job to job and be able to fire their insurance company if it doesn't treat them well.
Only if everyone buys insurance can insurers afford to cover people with preexisting conditions or pay the costs of catastrophic diseases.
Insurance is meant for extraordinary circumstances. You don't use car insurance to pay for oil changes or gasoline; you have it as protection in case you have a terrible accident or your car is stolen. You don't use homeowners' insurance to pay your electricity and water bills; you have it as protection in case a fire or other catastrophic event produces a large expense. Obviously, any insurance policy that promises to cover every small, ordinary expense is going to be much more expensive than one that covers only extraordinary expenses.
Before Medicare, nearly half of American seniors were forced to go without coverage because insurance companies were reluctant to insure them - making the chances of having health insurance as a senior the same as getting tails on a coin flip.
As much success came to him, my father stayed true to his promise. He built the hospital to help the most helpless children with catastrophic illnesses.
If catastrophic geology had at times pushed Nature to almost indecent extremes of haste, uniformitarian geology, on the other hand, had erred in the opposite direction, and pictured Nature when she was 'young and wantoned [sic] in her prime', as moving with the lame sedateness of advanced middle age. It became necessary, therefore, as Dr. [Samuel] Haughton expresses it, 'to hurry up the phenomena'.
It is easy to lay the blame on successive governments for failing to address health as a fundamental right for the Indian people. But the real tragedy is that we, the people of India, have not taken our government to task for this catastrophic failure.
You cannot drive a system that's going to be aiming at preventing illness if everyone is not in it. The whole gaming of health insurance and health care in America is based on that fundamental principle: insure people who aren't sick and you don't have to pay more money on them.
There is this thing called catastrophic thinking - you start thinking that something catastrophic is going to happen. I get on a plane and I think it's going to crash, I just know it's going to crash, so you're petrified.
Who's paying the million bucks? The insurance company. We've been trying for years to get the insurance industry to say to the gun industry, We won't insure you unless you have policies that will reduce the likelihood of guns falling into the wrong hands easily.
The value of catastrophic events is that they can help people face up to problems that are otherwise impossible to address.
Government welfarism, with its ever-increasing army of pensioners and other beneficiaries, is fatally easy to launch and fatally easy to extend, but almost impossible to bring to a halt - and quite impossible politically to reverse, no matter how obvious and catastrophic its consequences become.
If you haven’t noticed the Canadians, when they need a big operation, when something happens, they come into the United States in many cases because their system is so slow. It’s catastrophic in certain ways.
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