But you would be wrong. In reality, the crew of renowned pirate/liquor mascot Captain Henry Morgan had one of the first comprehensive, all-inclusive health insurance systems in recorded history. Before the assault on Panama, Morgan drew up a charter for his crew that guaranteed certain benefits for any man who was injured in battle. Any one of his 2,000-strong pirate crew was entitled to 600 pieces of eight for the loss of a hand or a foot, 1,800 pieces for the loss of both legs, 200 pieces for one eye, and 2,000 pieces for total blindness -- that's about $153,000 in modern currency. We assume peg legs and eye patches were covered by a joint flex account.
Also, any member of the crew could opt to receive his de-limbing payout in slaves rather than money (we said they were progressive, we didn't say they were paragons of virtue). So, you can probably go into your boss' office right now and announce that your health insurance policy is worse than that of a 17th century marauding sea criminal and be totally correct in your assessment. You would likely also start noticing your photo hanging up everywhere next to a list of emergency page codes for the entire building.