“Only if everyone buys insurance can insurers afford to cover people with preexisting conditions or pay the costs of catastrophic diseases.”

Share & Save

Meaning

This reads as an argument for shared risk. It points to the idea that broad participation is what makes protection for people with serious health needs financially possible, so the burden does not fall only on the sick. In practice, it lands in debates about health policy, especially when someone is weighing individual choice against the stability of the whole system.

When It Was Said

Not documented yet.

Who It Was Said To

Not documented yet.

Historical Context

Not documented yet.

Source

Not documented yet.

Original Language & Translation

Originally said in English.

Did They Really Say It?

Not documented yet.

Did You Know?

Not documented yet.

About Robert Reich

American professor, author, lawyer, and political commentator

Robert Reich is an American professor, author, lawyer, and political commentator. He served in the administrations of Gerald Ford and Jimmy Carter, and later as secretary of labor under President Bill Clinton from 1993 to 1997. He was also a member of Barack Obama’s economic transition advisory board. In 2008, Time named him one of the Ten Most Effective Cabinet Members of the century, and The Wall Street Journal ranked him sixth on its list of Most Influential Business Thinkers.

More from Robert Reich (121 quotes) →