[Conservative Actuary]

But the fact of the matter is, statistically, he's not going to get sick enough at that age to justify the expenditure. He's way money ahead by paying cash for the few services he uses

Insurance is not supposed to be a good deal for the buyer. It is to protect against the low probability of a very expensive loss. The main problem with health insurance is that it has to much 1st dollar coverage, which is why HSA insurance policies are such a good idea.

[robertpaulsen]

"Insurance is not supposed to be a good deal for the buyer."

It's a good deal for anyone who uses it.

"The main problem with health insurance is that it has to much 1st dollar coverage, which is why HSA insurance policies are such a good idea."

I don't disagree. But how do you get people to spend their own money on preventative check-ups? Colonoscopies, for example, aren't cheap.