Quote:
Originally Posted by Barry-xlovecam
EXACTLY!
I can afford to put away $30K cash and fund FSA and HSA accounts at the rate of $10K per year tax deferred (on current income tax) for paying normal medical expenses and buy excess catastrophic health insurance -- with a $30K deductible cheap (if they repeal Obamacare). In 3 years I will be 65 and get Medicare. Good luck to you -- my benefit is vested at 65. I have the money to survive this.
Why should I care if you bleed to death in the street?  |
Here is why... because those crazy inflated prices from hospitals are fake prices. The bill you might see for a child birth might be $20 or 30k but the insurance company was never paying that much.. They were probably paying this $17, meaning now you are covering the full cost out of your pocket, but the insurance company is pretending to pay the other "covered" half... (this is why we aren't aloud to see the actual cost the insurance companies pay for stuff because it's "trade secrets"..
Now the problem is you will get that full bill for $20 or 30k if you have no insurance but you can't say hey it didn't really cost that much, let me pay $17k instead.. no you don't have that bargaining power they will make you pay the full price..
Its legal extortion..
The hospitals make their bills so high, so they can write off the no pays as massive losses to be recouped from the federal govt..