So we're talking about a relatively small number of people. Also, most states have laws that prevent insurance companies from dropping you unless you fail to pay your premium or lied on your application form. There are lots of horror stories out there about insurance companies dropping people but most are bogus if you actually know all the details.
The purpose of insurance is to spread big risks to a few out over the population. Not many people need their fire policy on their house, but if you NEED it, boy, howdy, do you need it.
Not many people with young families NEED their life insurance, but if you DO, by George, you NEED it.
Not many people ever use their CCW weapon, but if you need it...... you need if very badly.
See where I am going?
Same with health insurance. The vast majority don't need it, but if you DO, you need it, oh, boy, do you NEED it. Again, that is the PURPOSE of insurance, to spread big risks to a shared pool. Excluding that high risk segment of the population defeats the entire purpose of insurance to begin with.
The purpose of insurance is not to cover your annual physical or your colonoscopy. It's to keep you from going bankrupt due to a blood clot, heart attack or cancer event.
