Posted on 10/30/2013 12:31:14 PM PDT by CriticalThinking
....So, If I don’t buy any insurance, I save $6,360. The risk is, something big happens. But if that does, then I can immediately buy insurance to cover it. The new insurance won’t start the deductible process until I purchase it. Which basically means if my wife or I get really sick, buy the insurance before costs exceed something between $0 and $6,360. This is sort of our personal actuarial process. But each year, we save the money so that break even point will change. To be fair, the penalty goes up to 2% in 2015, so the savings will be $4,560 then. Given the actuarial nature of ACA, premiums are likely to go up because ACA mandates a reduction of the deductible. What this all means is the “Don’t buy insurance” plan works fine for the next few years but maybe not forever.....
(Excerpt) Read more at 4yourcountry.org ...
I don’t trust 0 so I would not suggest this plan. It could become a deadly mistake.
Interesting take.
I don’t trust him either, but would a hospital turn you away if you’re having a heart attack?
They are not supposed to. But it could happen. Worse what happens if it is a heart attack, stroke or vehicle accident, and you aren't able to buy insurance immediately? You would be liable for all expenses until you purchased it.
That’s a brilliant plan.
If you’re moslem.
If you’re white, or heterosexual, that’s a brilliant plan until you arrive at the hospital and they explain there’s been another ‘glitch.’
Buy law, a hospital can never turn you away.
Someone on here posted about an accident occurring three hours after medical insurance expired. Pretty risky stuff. And as far as purchasing after the event, there is always going to be a two week delay before coverage at the minimum and possibly much more if you miss open enrollment periods.
Hospitals turn people away all the time for non life sustaining treatments.
Not outside of the open enrollment period, you can't.
Overall, this "plan" is nothing short of idiotic.
A health care consultant MBA type told me only 3% of uninsured claims are actually paid off by the patient.
I’ll leave the moral judgement to the user.
You can buy outside of open enrollment if you dont need a subsidy
The plan has some merit but suppose you and your wife are dragged into an ER unconscious following a car accident. By the time either of you is able to apply for/sign for/pay for insurance you’ve run up a six figure hospital bill.
Now what?
The demoRats can change any law.
No hospital can legally turn you away from their ER. Once you are stable sayonnara.
If they accept Federal money. Which is most of them.
Now what? Chapter 7. F’em.
Even if it doesn't what kind of care do you think you'll get? All medical services will be choked by people who flood the system for everything.
What if it’s not an emergency, as defined by EMTALA, but something like cancer? A hospital does have to take you in and stabilize you if you are having a heart attack, but not if you find some hard lump, or persistent low-grade bleeding.
Let that progress until you’ve got a ruptured bowel, or seizures because of the brain tumors - yeah, then they have to stabilize you. But not until then.
If you can actually pay cash, the hospital will put you in the presidents suite. Even with insurance, it takes them months to get their money.
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