quick, probably obvious insurance question
I have until the end of this week to enroll in my health benefits. I never undertood insurance though. Do insurance companies make money only on the investments, or do they also make money on the spread between what they take in and what they pay out? Because if the insurance company makes money on the spread....why the heck would I want to buy insurance? The insurance company wins, so I lose. I will be paying more than my expected pay out...so how does health insurance make any sense?
Esp considering even the cheaper plan, which i pay like $400 a year, I still have a $2500 deductible...I never go to the doctor, seems pointless, especially while I am young.