3 ms·
They can't take your house to repay medical bills. For many people in that bracket "going bankrupt" is essentially having a black mark on their credit score for
by cmdrfred 10y ago
They can't take your house to repay medical bills. For many people in that bracket "going bankrupt" is essentially having a black mark on their credit score for 7 years. It simply isn't cost effective nor affordable for those people. If it was you would of seen a different outcome yesterday.
- Cpoll 10y ago> They can't take your house to repay medical bills. I'm not American. I was under the impression that you can be refused treatment (medicine specifically) if you don't have the money? I've heard stories of people selling their house to buy treatment for ill children.
- cmdrfred 10y agoIt's not a matter of "We don't want this product", it is simply unaffordable for a great number of people. For many paying for insurance would essentially mean living like a Chinese peasant farmer, eating ramen noodles every night. Given that it covers essentially nothing until 10k or so, it's not a sacrifice that they are not willing to make. That said we have a funny system here, when people get to a certain age (when they actually cost money to insure) we give them socialized medicine. Same thing happens if you get really sick and go on disability. It's a nice deal the insurance companies have, they get to privatize the gains and socialize the losses.