The debate over the necessity of insurance is not action to be solved in one article alone. However, it is important to spot the usefulness and necessity of the insurance business in the United States. Why we need insurance is as people are fallible and the cost of not having insurance can ruin a capital balance.
People are not finished and accidents will happen. If people were robots that operated on a precise specialist sketch consequently insurance would not be imperative since unlike humans machines do not make mistakes because of costless will or travel. However, thanks to people do make mistakes, the insurance company will always be a relevant business.
The price of not having insurance will make someone prayer they did when troubled times come about. Whether it be car, homeowner, disability, or general health insurance, the cost of repairs or doctor bills are ofttimes more than anyone has in their bank accounts. By owning insurance, people are assured of a safety swathe from doctors and mechanics gouging their reserves.
Greater attribute of the insurance industry is that, especially in the times of this troubled economy, it provides a lot of people with jobs. Insurance companies come in manifold sizes and engage a good share of the rat race steam as of the diversity of the field. Cutting out insurance would selfish higher unemployment rates, something our country cannot afford.
The real story on why we need insurance is a question that must be looked at from all sides and even from an outside of the box perspective. Insurance companies provide a defense against human fallibility, protect citizens from greedy businessman and doctors, and provide many people with jobs. Removing insurance now could spell the ruin of our country and no logical person will take this idea seriously.
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