LOL! No I couldn’t!
I hear that it is government mandates requiring companies to cover every policyholder for every conceivable potential illness.
Or - it could be that hospitals have to charge the insured enormous sums for care, because they are mandated to treat the uninsured who come through their doors.
Insurance was meant to cover the unexpected medical problem, but it has turned into a health care payment system for every trip to a care provider.
I pay low auto insurance and pay for my car maintenance and repairs from my own funds.
Can you imagine how expensive car insurance would be, if all routine maintenance and repairs were paid by a third party?!
Good post.
This is kind of why we have chosen an HSA. High deductible with the option to set aside a significant amount of tax-free money to pay for medical expenses that are not paid by the insurance company.
The result is that we are not as likely to spend money from our HSA savings account on the small stuff as we’d be with a ‘regular’ insurance policy.
Good analogy.
Found this, which I take it provides our answer. It looks like ME passed an even more draconian universal health care bill to provide access and ‘keep costs down’ than MA did: