KEBOBROKAN ASURANSI KESEHATAN & PROPERTI DI AMERIKA, KEBAKARAN CALIFORNIA GAK DIGANTI RUGI?!

Summary

This video explores the challenges of insurance systems in the U.S. compared to countries like Spain and Indonesia. It discusses the impact of climate change on insurance coverage, especially with increasing natural disasters. The U.S. faces political debates around climate change, making it difficult to implement solutions like Spain's collaborative system. Meanwhile, insurance costs in the U.S. are skyrocketing, leaving many without coverage, particularly those in lower income brackets. In contrast, insurance in Indonesia is more affordable and accessible, offering a stark comparison to the high premiums and barriers faced in the U.S.

Takeaways

• 😀 The insurance system in Spain involves collaboration between the government and insurance companies to share the risks of natural disasters, with subsidies to help cover claims.
• 😀 In the U.S., the insurance system faces challenges due to political debates on climate change and varying opinions on government intervention.
• 😀 Climate change deniers, like former President Donald Trump, complicate efforts to address natural disaster risks and insurance coverage in the U.S.
• 😀 A study estimates that climate change could result in a $1.47 trillion loss in property value in the U.S. by 2055.
• 😀 Many insurance companies in the U.S. are unwilling to cover homes in disaster-prone areas due to high financial risks from events like wildfires and tornadoes.
• 😀 In disaster-prone areas, the lack of insurance leads to decreased trust in the housing market, with people opting to rent rather than buy homes.
• 😀 Middle- and lower-income individuals are most affected by high insurance costs and often struggle to afford coverage, leaving them vulnerable to expensive out-of-pocket costs after disasters.
• 😀 Some insurance policies in the U.S. are canceled for seemingly trivial reasons, such as the absence of a railing or the risk of injury from metal posts, making the system seem irrational.
• 😀 The cost of health insurance in the U.S. is disproportionately high, with an individual earning $3,000 per month needing to pay $1,200 for family insurance, making it difficult for many to afford coverage.
• 😀 Insurance in Indonesia and other Asian countries is far more affordable, offering good coverage at much lower costs compared to the U.S., where medical expenses and premiums are much higher.
• 😀 The speaker expresses gratitude for the relatively accessible and affordable insurance options in Indonesia and invites others to share their experiences with insurance in the U.S. and Indonesia.

Q & A

What system does Spain use to handle natural disaster risks?

In Spain, the government and insurance companies collaborate to share the risks of natural disasters. This partnership helps prevent insurance companies from becoming overwhelmed by large claims, with the government providing subsidies to cover disaster-related claims.

Why is it difficult to implement a similar system in the United States?

The United States faces challenges in implementing a similar system due to political debates, particularly around the existence of climate change. There is significant opposition, with some figures, such as Donald Trump, denying climate change, making it difficult to reach a consensus on the issue.

How do debates over climate change affect the insurance industry in the United States?

Because climate change is a contentious issue in the U.S., insurance companies are reluctant to cover properties in areas prone to natural disasters. This has led to situations where insurance coverage for homes in certain regions is either reduced or unavailable, potentially devaluing properties.

What is the potential financial impact of climate change on property values in the United States?

Studies predict that climate change could cause property values in the U.S. to decrease by up to $1.47 trillion by 2055. This is due to increasing natural disasters and the resulting lack of insurance coverage for properties in high-risk areas.

What happens when insurance companies refuse to cover new homes in the U.S.?

When insurance companies refuse to cover new homes, it leads to a decrease in the trust people have in purchasing properties in high-risk disaster zones. This, in turn, encourages people to rent instead of buy, further impacting the real estate market.

Who is most financially impacted by the insurance issues in the United States?

The most financially impacted are middle and lower-income individuals who cannot afford insurance or are unable to cover the high premiums. Without insurance, they risk facing significant out-of-pocket expenses if a disaster occurs, and they may not qualify for government assistance due to their income level.

Can you give an example of absurd situations where insurance coverage was canceled?

One example involves insurance companies canceling coverage because a deck lacked a railing, which was deemed unsafe despite only being 40 cm in height. In another case, an insurance agent advised a homeowner to remove a metal post from their backyard because if a burglar were injured by it, the homeowner could face liability for tetanus.

How does the insurance situation in the United States compare to that in Indonesia?

In Indonesia, insurance is generally much more affordable and accessible. The speaker compares the cost of their personal insurance in Indonesia to that in the U.S., noting that in Indonesia, even a modest amount can cover international medical expenses, whereas U.S. insurance premiums are significantly higher, making them difficult to afford.

What personal experience does the speaker share regarding insurance costs in the United States?

The speaker shares a story about a friend living in the U.S. who struggles with the high cost of insurance. Despite earning around $3,000 per month, the friend must pay $1,200 in monthly premiums for insurance for their children, and they chose not to insure themselves due to the prohibitive costs.

What is the speaker's opinion about the insurance situation in the United States compared to Indonesia?

The speaker expresses gratitude for the more accessible insurance system in Indonesia, where insurance premiums are lower and claims are more likely to be honored. They contrast this with the high costs and limited coverage in the United States, highlighting the challenges many face in accessing basic insurance.