whether insurance can solve economic problems

[billygarrison]

Does your country have insurance and whether is it useful to overcome your economic problems,

I see in some countries only people who have enough economics who have insurance
and those who are poor do not have insurance.
is this fair.

[pattley]

Paying for an invisible item that most of the time you have to jump through hoops to claim is not going to solve any problems and will most likely cause more.  If everyone paid out of pocket and the governments stepped out of the way prices would decrease dramatically.

[EVOS]

I think insurance has not been able to overcome my economic problems, insurance only addresses the problem of anxiety, if something happens there is insurance that guarantees it. but the real economic problems have not been overcome.

[meaamir86]

Having insurance might even save your life, enabling you to get medical treatment that you may not have been able to get, if you did not have insurance to help pay.

Besides the protection from financial ruin that insurance provides, insurance can provide peace of mind, knowing that you or your loved ones ARE protected in the event something bad should happen.

[meaamir86]

Having insurance might even save your life, enabling you to get medical treatment that you may not have been able to get, if you did not have insurance to help pay.

Besides the protection from financial ruin that insurance provides, insurance can provide peace of mind, knowing that you or your loved ones ARE protected in the event something bad should happen.

But this is not for big economics of countries. however wisely chosen utilization of natural resources may act as insurance for many countries

[jack wira]

Insurance has many choices or a variety of insurance policies are savings for the future. Thinking for a long range is a very wise thought.

[btcluisdiki]

I believe that insurance can at least alleviate the financial shortcomings but this however depends on the country. If you are from the 1t world country, then insurance is really helpful to the citizens but if you are a citizen coming from the 3rd world countries, I believe the insurance could be worst. Therefore, insurance from the rich nations can only feel that their government is really doing their work through the implementation of their insurance system to the community.

[timerland]

I fail to see how insurance is able to solve the basic economic problems around the world.

For example, there is a large population of unbanked population and I'd say that that is one of the most crucial economic issues that needs to be addressed. Having private insurance for them would be a luxury, yes. But even if they had insurance, but no access to basic banking services to allow them to save money, take out loans for their business, or connect with international businesses, is insurance alone going to change all of that?

Also, you have to understand that insurance is offered by companies that make a profit. It's not some massive charity that they're having here. I'm sure that insurance is nice to have, but that's probably the least of anyone's concerns if they their country's economy is collapsing, and they need to protect their wealth from a collapsing fiat.

On a side note, bitcoin addresses a lot of the problems that I've mentioned above. Especially providing economic services to the unbanked, and helping them to connect with international employers.

[Ilegendph]

I fail to see how insurance is able to solve the basic economic problems around the world.

For example, there is a large population of unbanked population and I'd say that that is one of the most crucial economic issues that needs to be addressed. Having private insurance for them would be a luxury, yes. But even if they had insurance, but no access to basic banking services to allow them to save money, take out loans for their business, or connect with international businesses, is insurance alone going to change all of that?

Also, you have to understand that insurance is offered by companies that make a profit. It's not some massive charity that they're having here. I'm sure that insurance is nice to have, but that's probably the least of anyone's concerns if they their country's economy is collapsing, and they need to protect their wealth from a collapsing fiat.

On a side note, bitcoin addresses a lot of the problems that I've mentioned above. Especially providing economic services to the unbanked, and helping them to connect with international employers.

Insurance tends to solve personal financial problems in the future. The unbanked population couldn't afford insurance because its expensive to think of their future than what to eat right now. Well, its true that bitcoin helps this people in such a way that it gives additional jobs to help to sustain daily expenses but I believe that only few of them will realize the true importance of insurance even though they have the money.

[darthmaul]

Ane rasa semua negara punya asuransi tapi supaya anda tau asuransi itu tidak dimiliki oleh semua orang hanya orang-orang yang ekonominya stabil aja yang sanggup menabung di asuransi tersebut....tetapi bagi yang ekonomi nya macet hanya bisa berharap saja.

English dude ;  English !

Does your country have insurance and whether is it useful to overcome your economic problems,

I see in some countries only people who have enough economics who have insurance
and those who are poor do not have insurance.
is this fair.

I think you have gotten the concept of insurance completely wrong here. Insurance wont help economic growth by nay means because it is just way of saving your money into an organisation which is going to put another half of the money for you so that you can have full privileges on services that they offer. For example, health insurance would be covering of all your money that is needed for some surgeries where you will have to put 0% or 50% of your own money and rets is assured by the Insurance company. Same for cars, homes, life, properties etc etc.

This is not way of improving the economic situation, it is way of improving your life!

Its just another product or service within your country.

Does it help poor ? No it wont because they are not aware of it or cant afford to put X % in it.

[burnchan]

Does your country have insurance and whether is it useful to overcome your economic problems,

I see in some countries only people who have enough economics who have insurance
and those who are poor do not have insurance.
is this fair.

Getting an insurance is one strategy to be financially stable. Yes,  it is costly to have an insurance where an ordinary citizen in my country cannot afford to get one. It will make a great help to ones finances in case of emergency but this depends on the current financial status of an individual.  But I am hoping that this will be realized by people who are capable of having insurance.

[the13thsymphony]

In third world countries only professionals and the rich can have an insurance and in these countries it is a premium privileged as it will cost you a lost of money and considering the way of living in such countries even small time businessmen cannot afford it. So insurance as a way to solve their economic problems is out of the question.

[Naida_BR]

This has nothing to do if your country is poor or rich. The country that i live right now is not rich, however provides to anyone insurance packages.

Also, there are many rich countries that i know they do not provide insurance to their citizens for free. These may be USA and Germany for example.

In my opinion the best and most efficient is that every person would be able to purchase by himself his insurance package and not the governments takes his money in order to provide him benefits.

[LeGaulois]

What kind of insurance? Do you think your house insurance is going to help to solve your economic problems? Yeah, my Payment protection insurance will help to solve a financial problem in case I die, at least I won't need to pay for the graveyard and related stuff. The sad part is since I will be dead I will never see any cent from this insurance. Life is hard

[beej]

There are several types of insurance in my country, but what is being referred in this topic seems
like a life insurance. There's like a combination of health and financial insurance that might prove
to be very helpful at a right fruitful time and age. I think health insurance is the only definite thing
that helps these days, health care is costly in cash. Probably a good future investment.

[7Dyoknga5]

Sad it may seem, but yes. Insurances continuously need funds for them to provide promised services. And where they get it? From their new client.

It's good to have insurances as it could help during emergencies but several insurance companies are are scam and by the time you needed their service, they suddenly close up.

[skaynet]

insurance does not deal with economic problems, only security if there is illness, fire, earthquake and others

[Dayx]

thanks to the health insurance on my country i don't need to pay any operation bills. so yeah, it's really help me a lot.
and yeah, it's really unfair because on my country many people didn't get their health insurance, even when they get insurance, the hospital treat them poorly.

[BitBustah]

I fail to see how insurance is able to solve the basic economic problems around the world.

For example, there is a large population of unbanked population and I'd say that that is one of the most crucial economic issues that needs to be addressed. Having private insurance for them would be a luxury, yes. But even if they had insurance, but no access to basic banking services to allow them to save money, take out loans for their business, or connect with international businesses, is insurance alone going to change all of that?

Also, you have to understand that insurance is offered by companies that make a profit. It's not some massive charity that they're having here. I'm sure that insurance is nice to have, but that's probably the least of anyone's concerns if they their country's economy is collapsing, and they need to protect their wealth from a collapsing fiat.

On a side note, bitcoin addresses a lot of the problems that I've mentioned above. Especially providing economic services to the unbanked, and helping them to connect with international employers.

The economic problems stem from wealth inequality.  We have two classes of people : workers and owners.  Unless workers are able to seize the means of production this wealth divide will only continue to grow.

Financial services and having access to a bank won't solve these problems, unregulated Capitalism is a true beast and it works be extracting wealth from workers.

[sinta23]

Does your country have insurance and whether is it useful to overcome your economic problems,

I see in some countries only people who have enough economics who have insurance
and those who are poor do not have insurance.
is this fair.

indeed your words are true. At present, those who have insurance are only for people who are capable, while the poor do not have them. this should be followed up, because the country is a role model for the people. Being poor or rich needs to have insurance for their lives.