02-09-2014, 04:23 PM
The actuaries know what they are doing, of course. This non smoking 60 year old would have to pay nearly $4,000 annually just for the "Bronze" insurance. If I did seek medical care, add the deductible, and that is $10,000 for the year out of pocket before the insurance even applies. SAVE that for a few years and it is possible to pay for a fair amount of care. But as was pointed out, one hospital stay can be in the hundreds of thousands. The actuaries and uninsured me are betting that it will be a small percentage of my possibilities. The actuaries also put loopholes into their policy, to limit their risk, and increase ours. They resist the idea of a cap, and it will be interesting to know the results of unknownjulie's research. I'm suspicious.
For all these reasons, I hope for a policy that will cover the astronomical costs of a major health crisis for say $150 a month, knowing that I will be fully responsible for paying for anything less than astronomical. The system is not pretty.
For all these reasons, I hope for a policy that will cover the astronomical costs of a major health crisis for say $150 a month, knowing that I will be fully responsible for paying for anything less than astronomical. The system is not pretty.