3 ms·
The value prop of catastrophic health insurance never fully made sense to me - if I need it, then I am in bad shape, and whether I would have to go bankrupt to
by thatcherclay 13y ago
The value prop of catastrophic health insurance never fully made sense to me - if I need it, then I am in bad shape, and whether I would have to go bankrupt to pay for it or pay through some insurance is not super important. Seems likely that if all I have is catastrophic coverage, I am going to go bankrupt after the fact anyway because of the long term effects of whatever landed me in that place (those plans do not cover much).
- quesera 13y agoIn practice, "catastrophic" here refers to cost, not medical severity. That's a symptom of another problem, but it's true. A broken knee in a car accident can cost $100k or more, which could be financially devastating for far longer than it takes for a full medical recovery.