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This is exactly why I was so surprised that the insurance companies were behind this bill. There will STILL be thousands without insurance because they will not be able to afford the premiums, even with the subsidies. I checked on insurance last year. A monthly premium for an individual (me) was averaging $400.00 a month for a major medical coverage kicking in at $5,000.00. So why would I want to pay an extra $400.00 a month when I can barely afford my regular doctor visits every few months for my prescriptions? Each doctor visit is $150.00 just to get a refill on my meds. And he insists on every four months to personally refill. That's an additional $600.00 a year on top of the med premiums of $4,800.00. So my medical outlay at a minimum would be $5,200.00 each year, forbidding any other medical needs. Nope, I can't afford it. I also will pay the penalty and keep paying as I go to the doctor.
Originally posted by aimlessly
I have spent a few minutes thinking about this.....and have a theory, not saying it's right.
If people use the "pre-existing" clause in the bill, and wait until they are sick to buy insurance, this will effectively kill the insurance companies in a short period of time. Money going out, but not enough money in premiums coming in to offset.
Originally posted by daniel_g
You see, under the new health law insurance companies cannot deny service based on pre existing conditions, this means you can buy insurance the minute you get sick and still receive full benefits. If you are healthy, like I am, there is really no point in buying insurance, just pay the new tax and wait until you get sick to pay for insurance. This could be 1 year, 5 years, or even 20 years. It will save you a lot of money but you will still be relatively safe. **NOTE: This will not work if you become disabled in an accident, and if you are worried about that by all means pay the insurance**.
I talked to a coworker about this and he called me irresponsible. I ask, how am I irresponsible if I am paying whatever the law is requiring me to pay? I recon that if enough people do this the healthcare system will go bankrupt, but is that really a bad thing?
The reason healthcare costs are through the roof is insurance comanies. Medical facilities can charge all they want because they know insurance companies will pay them. If insurance companies can't pay them anymore, doctors will be forced to either charge a lot less for care, or go hungry because Americans will not be able to afford medical care.
This would mean a lot less research and development, but you will finally be able to walk into your physician office and pay $50 for a checkup without insurance and not the $200~$300 they currently charge in my area.
Originally posted by Kangaruex4Ewe
Does anyone know how this will work for the folks who don't work and therefor do not pay into the system at all?
Originally posted by karen61057
reply to post by daniel_g
I left a job in 1991 that paid 100% of my health insurance costs. Not one penny came out of my pocket. Since that time my family of four has lived without health insurance. I swear. We pay for medical costs out of pocket and thankfully we are all very healthy and the only expenses in the past 21 years has been an ear infection that required a doctor visit, a cut knee that needed stitches, and a case of pink eye that needed drops.
How much money have I saved not having insurance all these years ? Did we take a risk ? Yes we gambled and we came out on top. I dont recommend it for everyone but we really didnt and still dont have money for health insurance.