- Joined
- Sep 30, 2005
- Messages
- 18,264
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- Location
- Utah
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- Moderate
We buy car insurance for multiple reasons, to protect our investment in the car should it get damaged, to protect our assets in case we cause an accident, and because it is the responsible thing to do. It is required by law. We can only forego car insurance by not owning one.Only liability is required by law for car insurance, and that's to protect other motorists. Home owner's insurance is not required by law...it IS required if you finance your house, however, and it is required not by the government, but by your financier.
Companies are not required by law to offer health insurance...they do so because their competition does, and as such, they must as well, in order to be attractive to the people they wish to employ. Companies are all not required by law to offer pension, 401K, or anything else, either, but again, they do so in order to be more appealing to potential talent.
Your sarcasm was both obvious, and poor.
Same for home insuarance, protect ourselves and it is the responsible thing to do. again, we don't have to own one.
Health insurance is the same. Our health needs to be protected, we can't make a living if we are too ill to go to work, and it is the responsible thing to do. But we do "own" our health, no choice here except suicide.
People who refuse to buy insurance are irresponsible. And most of those who claim they can't afford it are liars.
Companies who offer benefits do so for the reasons you state, but when we compete with overseas companies, we are behind the curve.
Employee Benefits are archaic, and will be gone in a few more generations.