The debate over the necessity of insurance is not going to be solved in one article alone. However, it is important to highlight the usefulness and necessity of the insurance business in the United States. Why we need insurance is because people are fallible and the cost of not having insurance can cripple a savings account.

People are not perfect and accidents will happen. If people were robots that operated on a precise mechanical design then insurance would not be necessary because unlike humans machines do not make mistakes because of free will or motion. However, because people do make mistakes, the insurance company will always be a relevant business.

The price of not having insurance will make someone wish they did when troubled times come about. Whether it be car, homeowner, disability, or general health insurance, the cost of repairs or doctor bills are usually more than anyone has in their bank accounts. By owning insurance, people are assured of a safety blanket from doctors and mechanics gouging their savings.

Another aspect of the insurance industry is that, especially in the times of this troubled economy, it provides a lot of people with jobs. Insurance companies come in many sizes and employ a good share of the work force because of the diversity of the field. Cutting out insurance would mean higher unemployment rates, something our country cannot afford.

The real story on why we need insurance is a question that must be looked at from all sides and even from an outside of the box perspective. Insurance companies provide a defense against human fallibility, protect citizens from greedy businessman and doctors, and provide many people with jobs. Removing insurance now could spell the ruin of our country and no logical person will take this idea seriously.