To: Bank Holding Company who wrote (229726 ) 11/21/2009 12:11:54 PM From: neolib Read Replies (1) | Respond to It will likely hurt me. I use insurance in the only way it offers value: as risk averaging with other people for very expensive (too expensive for me to pay) but statistically unlikely events. Hence I carry a high deductible, but have high upper limits. From what I've read so far, the paternalistic Dems will chide me for being so horribly exposed at the the low end ($10K deductible, about $20K total low end exposure), and will likely encourage insurers to eliminate that category and replace it with more "reasonable" lower deductibles at of course higher premiums. I can of course cover my deductibles because I save money, get some interest on it, and keep it available for rainy days. I'd rather not have to pay higher premiums instead and have 30% sucked off by the insurer for stashing the remaining 70% away for a rainy day for me. I realise not every American can keep their hand out of the cookie jar, so for some, perhaps the Dems have a point...
