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Re:I am a statistician and I buy lottery tickets by JoeAltmaier on Saturday October 20, 2012 @10:02AM (#4677078)
Hm. Most people collect on insurance for very-sustainable costs - drug benefits, dental for checkups, routine visits to the doctor. Where do those fit into this argument?

Personally, I would like insurance that pays only for large expenses. I know its a sucker game to pay insurance; since the insurance companies profit I must be losing. But 'group insurance' is not something I can change.

Re:I am a statistician and I buy lottery tickets by Evbn on Saturday October 20, 2012 @03:46PM (#4678047)
When you buy catastrophic insurance it usually comes with free preventative care, which benefits the insurer as well as the insured.

You can often get a lower premium for a higher deductible, and everyone who knows how to multiply does this.

Re:I am a statistician and I buy lottery tickets by JoeAltmaier on Thursday October 25, 2012 @11:41AM (#4698002)
...unless as noted, its group insurance, in which case you take what you get.