Congratulations to Doug Mainwaring for having saved $100,000 in health care costs by opting to "self insure" and for being in a position to spend that amount in the future ("Health reform unfair to self-insured businessman," Jan. 18). I am sure that will be a great comfort to the millions of working stiffs in this country who earn half that much or less each year.
More to the point, Mr. Mainwaring's argument suffers from the classic economic fallacy, "past performance predicts future performance."
Let's examine some alternative and all too common scenarios. Despite being in excellent physical shape, Mr. Mainwaring falls from his bicycle, suffers a head and back injury leading to paraplegia or even quadriplegia, leaving him paralyzed and unable to work; or he develops cancer requiring chemotherapy and/or major surgery (yes, healthy men in their 40s and 50s do get cancer for no apparent reason). That $100,000 will be gone in a flash.