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I am self-employed and pay $6000 a year for high deductible health insurance for my family that has a $5000 deductible. So if my child breaks their arm and tha
by soccerdave 11y ago
I am self-employed and pay $6000 a year for high deductible health insurance for my family that has a $5000 deductible. So if my child breaks their arm and that is my only expense that year, then I paid $11,000 for their broken arm. Not cheap by any means. I'm sure lots of people on this forum work for companies that cover their whole cost of insurance and are out of touch with costs, but the "Affordable" Care Act has not made health insurance more affordable.
- infinite8s 11y agoInsurance doesn't work that way. If you had a heart condition which required operation (so maybe 100k) you would also have paid 11k. You need to average over all expected outcomes to calculate whether it was affordable or expensive. In other countries (Europe and Canada) that 11k comes out as taxes instead of direct and indirect insurance costs.