"JoeSpareBedroom" wrote in message
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"Harry Krause" wrote in message
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JoeSpareBedroom wrote:
"NOYB" wrote in message
news "Harry Krause" wrote in message
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That means that everyone in the country pays for healthcare through
their taxes, and everyone in the country gets healthcare.
What is wrong with:
"Everyone pays for the health insurance plan that thyey choose, and
everyone gets healthcare."


There's nothing theoretically wrong with that, except that for a family
of four in NY, the going price is $700 to $1000 per month, and if you're
above a certain income level, there's nothing cheaper. It's $700, or
nothing. You can be above the income level to qualify for the state's
cheaper plan, but still be unable to afford the $700.

The other problem, at least for me, is the math. Let's say you buy
health insurance because you're afraid of having to deal with a worst
case situation, like cancer. Could the bills total a quarter of a
million dollars for that illness? More, maybe? So, I pay $600 per month
(single person) for health coverage to deal with that eventuality -
let's call it a quarter million, even though I don't know if that's
accurate. At the same time, I pay about $100 a month for life insurance
with the same benefit - a quarter million.

What's wrong here?

Life insurance pays your inheritors when you die, unless you have whole
life.

Health insurance covers your bills, assuming you survive.


Common factor: The insurer has actuarial tables which theoretically
provide guidance for guessing the following:

- If a person will die
- If a house will burn down
- If a person will run up a ton of medical bills

Common factor: Insurer pays out X amount of benefits, but the premiums for
those three categories are vastly different. Why?

That's a very interesting point you make.

I've never looked at that way but I'm sure the answer(s) will appear in this
forum.

I consider myself quite fortunate. Between Medicare A/B and supplemental
coverage (zero cost to me) as a retiree from my former employer I do quite
well.

Last year I had shoulder surgery which in total was close to $20K. My out
of pocket expense was about $1100.