[OldPossum]

but insurance is for the catastrophic kind of treatments that if we live long enough, everybody will need it.

You seem to be implying that catastrophic medical costs are limited to ailments caused by old age, and that ain't the case. There are huge costs associated with "dread diseases" such as cancer and with putting you back together after an automobile accident.

[Final Authority]

If you can actually read English in a conversationally way, you would find that I did not limit treatments for catastrophic events to only the aged, did I? I implied that not everybody however, will have a catastrophic event in their lives but if they live long enough, they will. But I did not restrict the possibility to only the aged.

I agree with the reminder of the reply, however.