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.

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