Tyler Cowen reposts the question
Have you ever forgone health insurance for yourself to cover your pets?
I don’t know about forgone per se. However, for a few years my dog had health insurance and I did not.
I ultimately got rid of the pet insurance not because I didn’t get vet services but because filing the claims were too complicated.
At heart my consumption of Vet services was a asymmetric information problem. I felt comfortable managing my medical care and refusing much of what doctors would offer. However, I could not talk to my dog. Sometimes she would yelp in pain and I wouldn’t know what was wrong.
Taking her to the Vet was sometimes the only way to find out.