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#105 Planet Money: Insurance For A Hedgehog

#105 Planet Money: Insurance For A Hedgehog

Planet Money vor 16 Jahren

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On today's Planet Money:

We give a sneak preview of our upcoming This American Life special on health insurance.

How much would you pay to protect someone or something you love? Kristin Zorbini Bongard and her husband love their pet hedgehog, Harriet, so much that they spend about $80 a year on health insurance for her. Even with the coverade, they shelled out $1,911.20 for the hedgehog's cancer treatment.

Economist Tim Harford, the Financial Times' Undercover Economist, who admits to not being a pet person, says the problem with pet insurance is not that it's for pets. It's that it causes waste, because you're spending someone else's money.