SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : A US National Health Care System?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Road Walker who wrote (7427)7/8/2009 5:43:14 PM
From: TimF  Read Replies (2) of 42652
 
With everything over $20k, or esp. if it was as low as $10k covered, and tax advantages for insurance provided through an employer where dropped (so that I would be out of pocket for the full cost), and the regulations driving up insurance cost where not dropped (OTOH I don't think VA is that bad, certainly its no NY in this area) then I might not bother with buying any other insurance (or as some would call it insulation or "insurance" with the quotes).

$20k would be very painful but it wouldn't wipe me out (esp. if it doesn't happen right away and I save the insurance premiums for awhile first). The real importance for insurance (at least for me) is avoiding the extreme, not covering most of my medical costs (which are typically very low, much lower than what I've paid for insurance* even with it effectively subsidized)

* - "What I paid for insurance" - could be counted as either the amount my paycheck is reduced by not declining coverage, or a larger but less direct and much less certain amount, the amount that my paychecks would likely increase if my company didn't have to bother with medical insurance at all. Then you could get larger but less certain and direct again by factoring in the effective government subsidy. But by any of these measurements I've spent much less on health care (counting not just the out of pocket payments, but all the payments by the insurance company), than the cost of the insurance.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News