Did you ever have car insurance or any other kind of insurance?
Yes. I go with the largest excess possible (what I assume is also called a deductible) because the chance of making a claim is low. But it's only 10-20% more to have no excess at all.
The logic in your second paragraph makes sense on the surface, but the lack of a deductible in many European-style health systems doesn't seem to result in a larger share of GDP being spent on health (which is notoriously high in the US) or the healthcare being of a lower quality.
The difference between medical & car insurance is certainity of small expenses. If your insurance covered regular maintenance of the car, it would be substantially more expensive.
Yes. I go with the largest excess possible (what I assume is also called a deductible) because the chance of making a claim is low. But it's only 10-20% more to have no excess at all.
The logic in your second paragraph makes sense on the surface, but the lack of a deductible in many European-style health systems doesn't seem to result in a larger share of GDP being spent on health (which is notoriously high in the US) or the healthcare being of a lower quality.