Even families with health insurance are quite vulnerable to a severe economic reversal if someone gets sick.
Interpretation
Health insurance does not fully protect families from the economic consequences of serious illness.
This quote highlights the financial risks that families face, even when they have health insurance. It emphasizes that medical emergencies can lead to significant economic strain, revealing the shortcomings of health coverage in safeguarding against severe financial distress due to health issues.
In practice
In a discussion about healthcare policy, one might evoke this quote to illustrate the limitations of health insurance.
Families rely on financial services more than ever, but those who need them most - who struggle to make ends meet - too often must contend with sky-high interest rates and tricks and traps buried in the fine print of their loan products.
There's been such a sense that there's one set of rules for trillion-dollar financial institutions and a different set for all the rest of us. It's so pervasive that it's not even hidden.
Mitt Romney is the guy who said corporations are people. No, Governor Romney, corporations are not people.
I talk to nurses and programmers, salespeople and firefighters - people who bust their tails every day. Not one of them - not one - stashes their money in the Cayman Islands to avoid paying their fair share of taxes.
'Middle class' used to be synonymous with secure, with steady, with boring, because middle-class people were people who were pretty much safe from the time they first started work on through retirement and until their deaths. No longer.
Does anyone believe that Goldman Sachs is gonna give up a deal that would yield millions of dollars because someone fussed at them behind closed doors?
I'd say just go with the flow. And I take my hat off to any mother out there who works full-time and raises a family as well. It's hard work.
My first rule of consumerism is never to buy anything you can't make your children carry.
The minute my child was born, I was reborn as a feminist. It's so incredible what women can do... birthing naturally, as most women do around the globe, is a superhuman act. You leave behind the comforts of being human and plunge back into being an animal.
The fact is, there is no foundation, no secure ground, upon which people may stand today if it isn't the family.
People had always vaguely mentioned that when you have children, how part of your life would stop. But they don't say that some other extraordinary part of your life opens up.
No government can love a child, and no policy can substitute for a family's care. But at the same time, government can either support or undermine families as they cope with moral, social and economic stresses of caring for children.
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