Not necessarily because Medicare has lots of sick people now.
We should go back to coverage limits. The insurance I had until 2013 had a lifetime benefit limit of $100,000. 20% copay and $500 deductible. My premium was $34. I’ve never wanted expensive life-prolonging procedures or drugs anyway.
Won’t work. A 7 day stay in the hospital runs about $100K now depending on how intensive it is. Throw in ICU and ventilators and you can easily hit $250K a week.
A $100,000 lifetime limit on benefits is useless. Cancer is one disease where the ongoing treatments will add up to that figure in no time at all.
We’re not talking extraordinary procedures here, just simple chemotherapy, radiation, things like that. The prescription drugs which many people need in order to live are also very costly and going higher all the time.