I’m just questioning why universities are in the insurance business in the first place, but it must be making them money. I guess it depends on how it’s offered (i.e., as part of tuition). If so, maybe tuition will go down (I know, what a laugh).
When I went to school at a Catholic University, I had no insurance. Both my parents had their own businesses. I don’t believe they had health insurance for me through childhood up to college. I think I got health insurance for the first time when I got my first long term job.
Ditto! My take on the emergence of health insurance for everyone stems from society's new focus on "wellness". When I was growing up, one went to the doctor when they were ill. In contemporary society, the focus is on preventing illness; hence, the need to see one's doctor on a regular basis. With the plethora of pharmaceuticals intended to counteract so many potential illnesses, the wellness approach mandates that physicians send their healthy patients for a plethora of tests to ensure they are ... well!! All of those tests test the cost of medical treatment and jack up the cost of insurance coverage.
Essentially, in contemporary society, the cost of ensuring "wellness" is high and insurance carriers need to recuperate those costs through their plans. Frankly, I wish physicians would recognize that we are all going to die. The cost of "wellness" sometimes entails extending life to the point where physically healthy individuals are committed to assisted living facilities because their well bodies are now attacked by dementia and alzheimer's disease.