Cheapest bronze plan - Plan covers 60% of total average cost of care.
Total premiums for the year $20,087.
Deductible $7,350 per individual, $14,700 per family.
This is nuts.
Insurance is only supposed to be helpful for me if I incur $34,800 in medical costs for the family, each year?
How many healthy families in the US spend anywhere close to this on annual medical care?
At rates like this, how can anyone think buying health insurance is a smart idea? Sure, some very small percent of families have significant medical issues and may require $34,000 of care each year, but a normal healthy family?
If we go without health insurance for 3 years, and it winds up OK, we've then saved $60,000 (plus earned investment income on the $60,000 as it accumulates) for future health care. Surely that amount ($60,000) is enough to cover the vast majority of health issues that appear for people under 60.
It's really hard to believe. Since we've lived in the Philippines for almost ten years now, we've saved $200,000 in health insurance costs over that time. Everyone is alive.
Unbelievable. And depressing! |
