Sick like the common flu, they pay the doctor directly, or stay home and get better.
Unfortunately, individual long-term policies were one of the first casualties of Obamacare. In the Fall of 2013, a large number of insurers canceled individual policies, most of which were guaranteed- renewable, under ACA requirements. Many customers faced large premium increases, and more restrictive new policies under the exchanges, and may choose to go without insurance instead. Here was a population who did the right thing, and bought insurance, even if badly over-priced, precisely for the right to keep it if they should get sick in later years. And the first act of the ACA, just before the disastrous healthcare.gov rollout, was to cancel that insurance. The only silver lining is the number of voters who began to find out what is really in is really in the system, epitomized by a young woman writing a letter to Pam Kehaly, president of Anthem Blue Cross in California, on receiving a 50% rate hike26. "I was all for Obamacare until I found out I was paying for it."
Depends on what kind of catastrophe.
Most people who can afford an I phone can afford to pay something, and everyone has a phone.
Basically, you look at the size of your deductable, and then make a decision on which one is more cost effective.
Public choice is illegal
Because there is no cure for a fatal head on collision. It matters.
Unfortunately, individual long-term policies were one of the first casualties of Obamacare. In the Fall of 2013, a large number of insurers canceled individual policies, most of which were guaranteed- renewable, under ACA requirements. Many customers faced large premium increases, and more restrictive new policies under the exchanges, and may choose to go without insurance instead. Here was a population who did the right thing, and bought insurance, even if badly over-priced, precisely for the right to keep it if they should get sick in later years. And the first act of the ACA, just before the disastrous healthcare.gov rollout, was to cancel that insurance. The only silver lining is the number of voters who began to find out what is really in is really in the system, epitomized by a young woman writing a letter to Pam Kehaly, president of Anthem Blue Cross in California, on receiving a 50% rate hike26. "I was all for Obamacare until I found out I was paying for it."
IV. Health Insurance
Why do we not have a system? First, because law and regulation prevent it from emerging. Before the ACA, the tax deduction and regulatory pressure for employer-based group plans was the elephant in the room. This distortion killed the long-term individual insurance market, and thus directly caused the pre- existing conditions mess. Anyone who might get a job in the future will not buy long-term individual insurance. Mandated coverage, tax deductibility of regular expenses if cloaked as “insurance,” prohibition of full rating, barriers to insurance across state lines – why buy long-term insurance if you might move and are forbidden to take it with you? – and a string of other regulations did the rest. Now, the ACA is the whale in the room: The kind of private health insurance I described is simply and explicitly illegal.
The only one talking about letting people die is you.
I love comparisons.
Super subsidies too.
