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	<title>New answer on: How Does The Basic Concept Of Insurance Apply To Health Care?</title>

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		<title>By: Bob Vineyard</title>

		<link>https://insurancelibrary.com/health-insurance/how-does-the-basic-concept-of-insurance-apply-to-health-care</link>

		<dc:creator>Bob Vineyard</dc:creator>

		<pubDate>Sun, 12 May 2013 18:54:41 +0000</pubDate>

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		<description><![CDATA[Insurance is all about the law of large numbers and risk sharing.


Health insurance is designed primarily to cover your major health care expenses while you should be prepared to pay out of pocket for routine items.

Consider this. If your car insurance policy covered tires, brakes and oil changes, no one but the wealthy could afford such a policy.

One reason why health insurance is expensive is because people EXPECT it to cover everything, including &quot;routine maintenance&quot;]]></description>

		

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