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High deductible plans are great. They are designed to allow you to take pretax money out and use it to either invest like an IRA or spend it on healthcare. In
by phil21 2y ago
High deductible plans are great. They are designed to allow you to take pretax money out and use it to either invest like an IRA or spend it on healthcare.
In other words they are actually insurance. Not a prepaid healthcare plan. No one should be using “insurance” to cover every day expected expenses like random doctor visits for the flu.
They are a small fight against the massive principal agent problem which is the sole issue anyone should be focusing on if they care about healthcare costs.
- PaulDavisThe1st 2y ago> No one should be using “insurance” to cover every day expected expenses like random doctor visits for the flu. The inhabitants of just about developed industrial/post-industrial society other than the USA seek to differ.
- ghaff 2y agoThat's largely how, e.g. dental works. You (outside of certain company insurance) pay for dental on your own which is also sanely priced.
- titanomachy 2y ago"No one should be using 'insurance' to cover every day expected expenses like random doctor visits for the flu." If it was like $20, sure, but when a "routine doctor visit" costs $300 I'd rather use insurance than deal with the mental load of deciding if it's worth the money. I wonder how many people develop more serious conditions because their high deductible tips the calculus towards avoiding the doctor.