I thought about this very thing this person writes about. The only problem is you may not have the time to buy insurance, for instance you may have an accident or a sudden illness that requires emergency care. If you plan to wait until you can buy insurance to get coverage, well, that heart attack may not wait, nor that falling off a ladder and having a compound fracture? Insurance costs but it is worth it when it s needed.
Under the plan, you are supposed to be able to sign up for insurance in the hospital as part of your check-in procedure.
SO other than maybe having to pay for the ambulance, you are good.
And if it really is an emergency, they will have to treat you even without insurance, for the couple of hours it takes to get your own insurance.
But I figure most people will go the other route, signing up for insurnace every month, but then not paying the premium when it comes due. Eventually they cancel the insurance, and you sign up again, since they can’t refuse you.
If you ever NEED the insurance, then you can pay the bill at the end of the month.
Under this plan, insurance companies can't turn you down for pre-existing conditions, so you just carry around an application for insurance and then when you feel chest pain, you just sign it and drop it in the mail with a premium check on your way to the hospital.
Health care reform is not "insurance" it is welfare. I personally would probably choose to go without insurance, as I can probably afford a couple of days in the hospital and if I don't have insurance I can save about $12,000 a year. I could just put that $12,000 a year into a savings account and after about 3 years I would have enough money to pay for most major surgeries in the bank and if I had some kind of accident, or I came down with cancer, I would just purchase "insurance" at that time and keep it until I either got home from the hospital or my cancer went into remission.
Why on earth would anyone purchase insurance if you can get it any time you want without consideration of pre-existing conditions and if the insurance company couldn't charge you more just because you had cancer or diabetes or needed heart surgery on the day you signed up?