So what you're saying is that in this case insurance is the opposite of nationalised health care?because what do you have in countries that don't provide nationalised health care?
The definition you've given at the start perfectly matches what car and house (and health) insurance does no?In this case Insurance means "a thing providing protection against a possible eventuality" and not the insurance you're thinking of with your car or house.
In other words it protects against health, unemployment and being retired.
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