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You understand only a small percentage of insured get anywhere near their deductibles in any year let alone their out of pocket maximums? Private Insurance is
by valuearb 6y ago
You understand only a small percentage of insured get anywhere near their deductibles in any year let alone their out of pocket maximums?
Private Insurance is there to prevent you from losing your home or racking up a massive debt, not pay for every single medical expense.
- lotsofpulp 6y agoChildbirth will get you there in no time. My under 1 year old had to go to doctor 3 times for various normal infections from daycare in February this year and it cost $850, plus $80 for a state mandated lead test that I just got a bill for. The point is $35k per year gives you no breathing room, and certainly doesn’t quality as comfortable. Even for single young people in great health, they can’t build any wealth and they will lose whatever they do get due to various health/auto/etc issues that come up.
- valuearb 6y agoSure but $35K a year is fine for a young man looking to start a career in competitive cycling. He doesn’t need to save his way to build wealth, his role is a lottery ticket itself, if he moves up he’ll make ten times as much, if he doesn’t he quits after four or five years and gets a “real job”.
- dragonwriter 6y ago> You understand only a small percentage of insured get anywhere near their deductibles in any year let alone their out of pocket maximums? A significant minority of the insured (and close to a majority, in the Bay Area) have HMOs, which are mostly no-deductible.