Of course i used it, physicals every year, had to go to the ER, CAT scan, all that. It was with healthnet, i'm not too much into the healthcare loop but they seemed legit? I had blood tests done many times actually and other stuff to get a teaching credential. Ya i paid 120 instead of 50 but its still not worth the extra 4k i'm paying now.
Your previous policy was close to a scam. A cap of $6300? Virtually any operation will cost more. You must be very young and probably very poor and figuring you can just go bankrupt if you have any sort of half way serious medical problem or need for expensive testing. Hope you don't fall and break a hand for instance and need some physical therapy o your hand. About 10 k for a friend of ours who fell when doing an exercise class who was trying to go without insurance for a few months when between jobs. It sounds like you spent $1,000 per year for the policy and used less than a thousand per year in services. It might have been cheaper to have been uninsured. What is the downside? a possible $5300 loss ($6300 minus $1,000. A physical doesn't cost that much and an occasional cat scan.
In retrospect, in my 35+ years in the workforce, it would have been significantly cheaper for me to have been uninsured the entire time.
If you have a major illness, you would think very differently. A friend of mine, young, healthy, ate some oysters he caught off the coast, caught some virus that caused something similar to megingitis. His medical bill for a few days (less than a week) of treatment and hospital stay was ~1/4 million dollar.
Of course. I have paid car insurance, house insurance, medical, vision, ... thousand and thousand of dollars for almost as long as you have ... and not getting back what I paid in. That's the nature of insurance.
It appears that what he is saying is that paying $50 co-pay vs. $120 co-pay isn't worth the extra 4K per year.
Ya that's the maximum out-of-pocket for a year. I was not clear about that sorry. When I went to the ER and had the hospital stay, the bill was around 24k and with insurance I had to pay 2.5k. The exact same level of coverage with obamacare was around 280/month instead of 78/month. To have the same 5k deductible and around the same max out-of-pocket. If you consider healthnet a scam, that's fine it's certainly nowhere near the scam obamacare is
Ya that's basically it. If something serious happened to me before, I would have the bit the bullet and pay the 5k out of pocket. Now, I pay that every year no matter what, sick or not sick. Since I'm in my late 20's, I would rather not just throw away that money every year.
So when you are sixty and you take out way more than you put in, would you rather not keep all those savings?
Well I would just as soon not be taxed for elective wars, subsidizing multinational corporations to ship jobs overseas. I wish I did not have to pay for health care either. Unlike many conservative libertarian types I would rather say pay an additional say $500 per month in taxes for national health care than pay say $1,000 per month out of my own money for private health insurance that would be more or less equivalent to that with no co-pays, free meds etc. .
that's your opinion, but even with my hospital stay last year and assuming I have no issues like that this year, i'll be paying twice as much this year
I would rather have a healthcare system that was a free market, so a healthy 25 year old isn't paying 5k a year. Hell, even my grandparents who are not working or anything and haven't for years healthcare has gotten worse because they took away a lot of the medications
When you are unemployed and "do nothing", it's pretty hard to pay for a health insurance policy so I'd imagine they wouldn't like it.
True probably. Young people don't tend to use health care much, so they pay more in premiums as a whole than they receive in care. I don't have any kids any longer in public schools, but pay taxes for them. It is just the way modern countries and civilization works.
