Car Quote by Jeanne Shaheen
“The premise of insurance is to spread the risk. It's the premise of homeowner's insurance, of car insurance, and of health insurance. It's one reason why it's important to have insurance when you're healthy, so that when you get sick, you won't go sign up just when you get sick, because that increases the cost for everyone.”
About This Quote
Source Speech: Senate remarks on insurance, 2021
Insurance works by pooling risk so that individuals are protected when they need it most, preventing cost spikes.
In simple terms: Pooling risk protects everyone.
Key Takeaway
Support broad risk‑pooling policies.
Themes
risk management
solidarity
public policy
health
finance
Mood
analytical
concerned
Type
policy
educational
When to use this quote
- healthcare planning
- home ownership
- vehicle purchase
- financial security
Key Concepts
insurance economics
social safety nets
collective responsibility
Questions to Reflect On
- How can we keep insurance affordable while broad??
- What alternatives exist to traditional risk pooling?
A Different Perspective
If pools become too large, premiums may rise for all.
