As Congress continues to struggle with health insurance reform, members should be ruminating on the scenes of "recovery" beaming in from East Texas and Florida, where the majority of households — many now severely damaged or destroyed — had not purchased flood insurance.
As after Hurricanes Katrina in 2005 and Sandy in 2012, many of those now waiting to see if federal aid and charity will help rebuild homes, of course, wish they had.
Flood insurance in storm-prone areas and health insurance have a lot in common, especially when it comes to the mental calculus that goes into the purchase. You are paying money to insure against a personal calamity you hope won't happen, even though you know that it's a real possibility.
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