> I've had a sports hernia and the bill was about $30k.
And what the OP is pointing out is that if your injury is $30K, insurance covers nothing, because the premium + deductible is $40K.
And what the OP is pointing out is that if your injury is $30K, insurance covers nothing, because the premium + deductible is $40K.
The point of insurance is to mitigate risk. If you think you have enough money to cover your risk, there's no reason to buy insurance.
The sleight of hand here is first complaining that you did not incur enough hazards to offset the risk premium and then citing this as a reason the risk premiums should not exist. Where is the story of the family being weighed down by bills? Or of not getting physical therapy after an injury and having permanent, income-reducing disabilities?
Agreed - both to you and to society.
What's under debate is "how much risk." For most people in the US, they'll need help before they hit $40K. They can't afford paying $40K every year for medical and medical related expenses.
30% of US households make less than $50k. That’s more than 100,000,000 people in homes with less than $3.6k/mo for all living expenses. The stories you ask for are simply inevitable
I surmise that either Americans are all rich and have 40k in savings that they can lose with no sweat or
America is hell for anyone not rich
Imagine 2 people get injured in a year, you are now at $60k. Plus, $150 a visit for primary and $300+ for specialist.
My 5 year old has been to the hospital 3 times, stitches once. US healthcare will ruin you if you don't have insurance. A cancer treatment can bankrupt a millionaire.